Please help with real estate questions. 1) A holdover tenant A) is automatically
ID: 2613550 • Letter: P
Question
Please help with real estate questions.
1) A holdover tenant
A) is automatically created when, upon the expiration of a tenancy, a tenant refuses to move out.
B) has a valid lease.
C) is legally required to pay rent.
D) is favored by landlords due to the fact that they pay higher rent.
2) What is a deed used for?
A) To create proof of an estate.
B) To transfer an estate.
C) To create proof that there are no other claims against the property.
D) To justify a change in zoning laws.
3) Which of the following statements about a title search is false?
A) Title search is required by the bank when purchasing a property.
B) It shows easements.
C) It shows whether there are claims against the property.
D) It creates a chain of ownership.
4) A property tax lien
A) is superseded by a mechanics lien.
B) prevents one of getting a mortgage.
C) is a risk-factor for a bank lending money to a home-owner.
D) Both A and C are correct
5) A residential tenant can
A) exclude a landlord from his property without limitation.
B) stay in the apartment after the lease has ended.
C) not sublease her/his apartment.
D) make changes to the apartment that s/he lives in.
Explanation / Answer
1) A holdover tenant
A) is automatically created when, upon the expiration of a tenancy, a tenant refuses to move out.
2) What is a deed used for?
B) To transfer an estate
3) Which of the following statements about a title search is false?
A) Title search is required by the bank when purchasing a property.
4) A property tax lien
B) prevents one of getting a mortgage