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