Business chapter 9
True
A deed is diffrent then a lease because a deed actually transfers the title of ownership, whereas a lease doesn't
Quitclaim deed
A deed that transfers a sellers interest in propertybut doesn't warrant that the seller own any interest is
Life or forever
A freehold estate is one in which the holder owns the land for
True
A landlord is obligated to make repairs necessary to keep rental property fit for habitation
Constructive eviction
A landlord who deprives a tenant of electricity is guilty of
False
A license is a permanent irrevocable right to the use of another persons property
False
A tenancy at sufferance is the interest in a property that continues for an indefinite period of time
True
A tenancy for 100 years or more has the effect of transferring the property to the tenant
Periodic tenancy
A tenancy that automatically continues for successive periods until cancelled by the landlord of the tenant is known as
True
An easement is the right to cross someone's property for a particular purpose
True
Based on the federal civil acts it is against the law for landlords to discriminate when offering a property for rent
True
If a landlord doesn't want a tenant to assign or sublet property the lease must contain a convenant to that effect
Landlord
If you own real property and rent it out to someone you are
True
Ownership of property can come by deed, inheritance, or law
Lease
The agreement that creates the landlord tenant relationship is called
False
Trade fixtures usually become real property and must be turned over to the landlord at the end of the tenancy
Tenancy in common
Type of coownership in which a persons heir inherit that persons share of property is known as