Covenants Study guides, Class notes & Summaries

CONTENTS OF A LEASE 3 ADVISING ON A LEASE When advising on the terms of the lease, do not look at the lease in isolation → look at the freehold title as there may be freehold covenants which affect the use and enjoyment of the property. Consider: lease, the law, landlords title, and Local Authority consents TERM AND BREAK CLAUSE Term - look at the definition of ‘Term’ in the least to calculate the contractual expiry date e.g. ‘from and including xx’ or ‘from xx’ Break claus...

Covenants, Conditions, and Restrictions (CC&Rs) CORRECT ANSWER rules set forth in the deed or in a document referenced by the deed that the owner agrees to adhere to if they purchase the property liens CORRECT ANSWER an interest in property gained by a creditor to secure a debt of some type mortgage lien CORRECT ANSWER filed by a lender to secure repayment of a loan voluntary to debtor CORRECT ANSWER is a mortgage lien voluntary or involuntary specific lien CORRECT ANSWER is a mortga...

Fixtures and Chattels, Mortgages, Easements, Non-Trust Interests, Leases, Restrictive Covenants, Covenants, Estate Contracts, Co-Ownership, Leases Complete guide to land with tables explaining legal and equitable rights, Includes templates for practice questions

ad valorem - Answer- According to Value The basic responsibilities of an Appraiser to all taxable property. - Answer- 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - Answer- Situs The type of value usually estimated by an Appraiser is the - Answer- Market Value The effective tax rate reflects the ratio between what - Answer- The current tax bill and the property value Assessment level times the tax rate equals - Answer- Th...

Material fact - About the property Related to the property Principal able to complete the transaction Special importance Disclosing material facts about a seller's property - To client or customer Even if it hurts your customer Regardless of how pubic the material fact is Listing agent has highest responsibility Buyer agent is responsible to disclose if known Answer questions to avoid misrepresentation Willful - intentional Negligent - Unintentional--failure to exercise reasonable c...

Escrow Sample Test Questions and Answers Rated A An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...

The covenants of the Bible

NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased property? The tenant remo...

Created to serve as a complete, comprehensive code regulating the construction of single-family, two-family and buildings consisting of three or more townhouse units. - Answer IRC (International Residential Code) Administrative - Answer First 2 chapters of code book are True - Answer Plans or supporting documents are almost always required by the controlling authority prior to issuing a permit. T or F Yes - Answer Does the building official have the authority to render interpretations o...

grand-canyon-university-cwv-101-topic-2-quiz-all-correct-answers • Which "acts" are part of the biblical story? • Creation, Fall, and Redemption • Creation, Paradise, and Covenants • Predestination, Creation, and Salvation • Old Testament, Apocrypha, and New Testament • Question Points: 2.0 / 2.0 • 2 The garden of Eden account in Genesis 2 bears a striking resemblance to the description of the new heavens and new ear...