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Illinois Real Estate Final Exam| 125 Questions and Answers 100% Correct

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Illinois Real Estate Final Exam| 125 Questions and Answers 100% CorrectIllinois Real Estate Final Exam| 125 Questions and Answers 100% CorrectIllinois Real Estate Final Exam| 125 Questions and Answers 100% CorrectIllinois Real Estate Final Exam| 125 Questions and Answers 100% Correct A couple renting a house installed new kitchen cabinets. What is the status of the cabinets when the lease ends? A. The couple may remove the cabinets at their expense since they are considered a trade fixture. B. The cabinets belong to the property and cannot be removed. Once the cabinets were attached, they became a fixture and part of the real estate C. The cabinets stay but the couple is entitled to increased property value because of the cabinets. D. The cabinets stay but the owner must reimburse the couple for the cost of the cabinets. - ANSWER-B. The cabinets belong to the property and cannot be removed. Once the cabinets were attached, they became a fixture and part of the real estate Restaurant equipment, pizza ovens, store shelves and counters are trade fixtures and are considered property of the

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Institution
Illinois Real Estate
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Illinois Real Estate

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Uploaded on
May 25, 2024
Number of pages
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Written in
2023/2024
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