National Topic Tester - Property Ownership
Which of the following situations is an example of a tenancy at sufferance? Select one: A. A farmer who refuses to cede possession upon lease expiration in order to harvest his crops B. A person who leases a store and renews her lease on a month-to-month basis C. A tenant who installed trade fixtures, but did not remove them when the lease expired D. A tenant who uses the premises in violation of her lease
A. A farmer who refuses to cede possession upon lease expiration in order to harvest his crops
A couple is buying a house with an oddly shaped living room. The seller built a custom-made bookcase to specifically fit into the room. Absent an agreement, the bookcase is most likely: Select one: A. A fixture B. The buyer's personal property C. A replacement fixture D. The seller's personal property
A. A fixture
A datum is most likely to be: Select one: A. A point on the surface of a parcel B. Used in the government survey method of property description C. Used in the metes and bounds method of property description D. A point below the surface of a parcel
A. A point on the surface of a parcel
The force of water on land is known as: Select one: A. Accretion B. Riparian C. Littoral D. Annexation
A. Accretion
A legal land description must: Select one: A. Be sufficient to identify the property B. Carry the measurements to the nearest inch C. Show the area of the land being described D. Contain an informal reference
A. Be sufficient to identify the property
A metes and bounds survey will most likely identify: Select one: A. Certain encumbrances B. All title defects C. Marketable title D. Liens
A. Certain encumbrances
If a husband and wife own property as tenants-in-common, which of the following statements is true? Select one: A. Either may dispose of their own interest without approval of the other B. Title to the property is in the marital unit C. Both must agree to dispose of their interest D. None of the above statements are true
A. Either may dispose of their own interest without approval of the other
A person who rents a property from June 1st to June 30th of the same year most likely has a(n): Select one: A. Estate for years B. Periodic estate C. Tenancy at will D. License
A. Estate for years
The original owner of a condominium unit holds which of the following interests? Select one: A. Fee simple absolute in the unit B. Joint tenancy in the common areas C. Joint tenancy in the common walls D. All of the above
A. Fee simple absolute in the unit
The owner of a fee simple absolute estate leaves a will, which only specifies that he will leave a life estate to one party and a remainder estate to another. Upon the death of the life tenant, the remainderman could have a: Select one: A. Fee simple estate B. Life estate C. Leasehold estate D. Fee simple determinable estate
A. Fee simple estate
Which of the following is most likely to transfer with real property? Select one: A. Fructus naturales B. Portable kitchen appliances C. Fructus industriales D. Trade fixtures
A. Fructus naturales
Large blocks of land are located in a rural area of a Midwestern state. This would most likely be described by: Select one: A. Government rectangular survey B. Lot, block, and subdivision C. Metes and bounds D. Reference to other documents
A. Government rectangular survey
Harry Homeowner takes pride in his property and keeps it well maintained (inside and outside of the home). However, Harry's neighbors are not so conscientious. What concept best explains why Harry's home is losing value? Select one: A. Immobility B. Uniqueness C. Scarcity D. Situs
A. Immobility
Mary purchased the right to use an apartment for 2 weeks every year. This is an example of: Select one: A. Interval ownership B. Ownership as a joint tenant C. Cooperative ownership D. A limited partnership
A. Interval ownership
A building supplier delivers bricks to a job site on July 1st for the construction of a patio. The contractor finished the patio on July 30th and was paid. The contractor files bankruptcy on September 1st. On September 5th, the building supply company filed a mechanics lien against the owner of the property. What is the effective date of the lien? Select one: A. July 1st B. July 30th C. September 1st D. September 5th
A. July 1st
An appurtenant easement may be terminated by: Select one: A. Merger of the dominant and servient estates B. Condemnation of the servient estate through eminent domain C. Abandonment by the servient estate D. All of the above
A. Merger of the dominant and servient estates
Bobby the Buyer purchases a lot for his dream house. Since he is careful to respect the property boundaries, Bobby inspects an old description of his lot from the city archives. In part, the description states: "Starting from the Tulip Tree on the northwest corner of the Smith Farm, proceed directly due west to the banks of Jeremy's Run. Proceed south to the two Oak trees on the Jeremy Farm. Proceed east to the two large boulders. Finally, proceed north back to the Tulip Tree." This method of land description is: Select one: A. Metes and bounds B. Rectangular C. Prior recorded documents D. Monument
A. Metes and bounds
What would most accurately describe an irregularly-shaped parcel of land? Select one: A. Metes and bounds B. Government survey C. Lot, block, and subdivision D. All of the above are equally accurate
A. Metes and bounds
Several people hold property as tenants-in-common. One of the tenants dies. His interest in the property will: Select one: A. Pass to his heirs or devisees, if any B. Pass to the remainderman C. Be equally divided among the other owners D. Be divided between the other owners in direct proportion to their ownership interest
A. Pass to his heirs or devisees, if any
All of the following terms are physical characteristics of land except: Select one: A. Situs B. Immobility C. Heterogeneity D. Indestructibility
A. Situs
One house in a large neighborhood stands out because, compared to the others, it is not well maintained. Which concept best explains this single home's impact on the surrounding community? Select one: A. The poorly maintained home value may rise due to immobility B. The value of all other homes in the neighborhood will decrease due to immobility C. The poorly maintained home value would increase if it were assembled with another lot D. The values of other homes in the neighborhood will decrease due to situs
A. The poorly maintained home value may rise due to immobility
A husband and wife own property as tenants by the entirety. The husband dies, leaving all his property to their son. Which of the following statements is true? Select one: A. The wife owns the property in severalty B. The son is a tenant-in-common with his mother C. The son will automatically inherit the property when his mother dies D. The son has a life estate, pur aure vie
A. The wife owns the property in severalty
What distinguishes an easement in gross from an appurtenant easement? Select one: A. Whether the benefit runs with the land B. Whether there are adjacent properties C. Whether the use is regular exercised D. Whether the purpose is legal
A. Whether the benefit runs with the land
A joint tenant wants to sell his interest without consent from the other joint tenants. Can he do this? Select one: A. Yes, because each joint tenant may sell independently of the others B. Yes, because survivorship is present in joint tenancy C. No, because all co-owners must first agree to sever the tenancy D. No, because the unity of interest in a joint tenancy protects the other co-owners
A. Yes, because each joint tenant may sell independently of the others
Six months after Brady bought his home, he installed custom-made storm windows and doors. If Brady subsequently transfers title to someone else, will the storm windows and doors automatically transfer as well? Select one: A. Yes, unless the parties agree that they will be removed before the sale has advanced B. Yes, because the storm windows and doors are fixtures C. No, because they can be easily removed without damaging the property D. No, so long as Brady reinstalls the original windows and doors
A. Yes, unless the parties agree that they will be removed before the sale has advanced
Agnes decides to impose a restrictive covenant (a negative covenant or deed restriction) that will apply to any future owners of the property she currently possesses. Agnes must have: Select one: A. A lease B. A fee simple estate C. An easement D. Either A or B
B. A fee simple estate
Which statement about encumbrances is correct? Select one: A. An encumbrance must increase real property value B. A lease is an example of an encumbrance C. Encumbrances can only be created by an owner of real property D. Both A and C
B. A lease is an example of an encumbrance
Which of the following choices is NOT a freehold estate? Select one: A. A present interest in land B. A lease that does not require rent payments C. A life estate D. All of the above
B. A lease that does not require rent payments
Property taxes on cooperative units are assessed in the form of: Select one: A. Individual tax bills for each unit B. A single tax bill, prorated among individual units C. Annual tax bills based on the type of unit D. Biannual tax bills based on the type of unit
B. A single tax bill, prorated among individual units
Jones owns two tracts of land. One tract has lakefront property. Jones sells the other tract to Smith and gives him the right to cross his property in order to reach the lake. Without the right to cross Jones' property, there is no other way for Smith to reach the lake. Smith's right could be: Select one: A. An easement by necessity B. An easement in gross C. Created by operation of law D. All of the above
B. An easement in gross
Three people inherit unequal shares of a single piece of property. How could they hold ownership? Select one: A. As tenants in severalty B. As tenants-in-common C. As joint tenants D. Either B or C
B. As tenants-in-common
Smith and Brown own abutting property that borders a river. Over the years, soil from Smith's riverbank is washed onto Brown's riverbank. Who owns the soil that was washed from Smith's riverbank to Brown's? Select one: A. Smith B. Brown C. The state D. None of the above, because all river bank owners have riparian rights
B. Brown
Real property can be changed into personal property: Select one: A. By the right of appropriation B. By severance C. By the law of capture D. Never, because land is indestructible
B. By severance
The rights of a condominium owner are defined by the: Select one: A. Management agreement B. Bylaws and condominium declaration C. Bylaws and corporate charter D. Public Offering Statement
B. Bylaws and condominium declaration
In relation to lien priority, which of the following statements is incorrect? Select one: A. A recorded deed has priority over a recorded mortgage B. Federal income tax liens have priority over all other liens C. Mechanics liens apply on the date that work began or materials were supplied D. The date of recording determines the priority for private liens
B. Federal income tax liens have priority over all other liens
Mrs. Heckler bought a unit in a condominium apartment complex directly from the developer. She most likely received a: Select one: A. Proprietary interest in the complex B. Fee simple absolute interest in her unit C. Divisible fee simple interest in the common elements D. All of the above
B. Fee simple absolute interest in her unit
An adequate metes and bounds description must have all of the following inclusions, EXCEPT: Select one: A. A definite point of beginning B. Four sides C. Closure D. Linear measurements and compass directions
B. Four sides
A land description that reads "T4S, R3E" is most likely based on the: Select one: A. Monument method B. Government survey method C. Metes and bounds method D. Recorded plat method
B. Government survey method
The land characteristic that is most likely the basis for a specific performance lawsuit is: Select one: A. Immobility B. Heterogeneity C. Situs D. Improvements
B. Heterogeneity
A condominium association can most likely perform all of the following actions, EXCEPT: Select one: A. Elect a Board of Directors B. Interview prospective buyers C. Award contracts to tradesmen D. Assess a fee to unit owners in order to cover maintenance and repairs
B. Interview prospective buyers
Former personal property that automatically conveys: Select one: A. Is a trade fixture B. Is a fixture C. Is chattel D. Occurs only by agreement
B. Is a fixture
How can the extent of an encroachment always be discovered? Select one: A. Physical observation B. Land survey C. Title search D. Quitcalm deed
B. Land survey
Three people own a piece of property as tenants-in-common. Two of the owners want to sell the property, but the third party does not. The two owners that want to sell: Select one: A. Cannot sell because all three must agree B. May file suit for partition C. May seek detachment D. May sever the third party's interest
B. May file suit for partition
Fred bought a new boat and hired a contractor to build a dock on his lakefront property. Fred did not pay the contractor. In an attempt to get paid, the contractor may file a: Select one: A. Mechanics lien against the boat B. Mechanics lien against the property C. General lien against Fred D. All of the above
B. Mechanics lien against the property
What type of legal description will most accurately describe an irregularly shaped parcel of land? Select one: A. Lot and block B. Metes and bounds C. Recorded plat of subdivision D. Government survey
B. Metes and bounds
Boundary markers of land (natural or man-made) are best known as: Select one: A. Benchmarks B. Monuments C. Stakes D. Metes
B. Monuments
What is the best description of ownership in severalty? Select one: A. Several persons own one piece of real property B. One person owns several pieces of real property C. Limited to corporate ownership D. Property owned by several members of the same family
B. One person owns several pieces of real property
A cooperative owner has exclusive use of her unit by reason of: Select one: A. General partnership B. Property lease C. Fee simple title D. License
B. Property lease
If the property title is set to pass to someone other than the grantor upon termination of an estate, the interest held by the person who will receive the property is: Select one: A. Reversionary B. Remainder C. Equitable D. Ostensible
B. Remainder
Mr. and Mrs. Jones sold their home to a church, but retained the right to occupy the property as long as they lived. The interest of the church is that of a: Select one: A. Life estate B. Remainder estate C. Trustee D. Reversion estate
B. Remainder estate
Jean transfers a fee simple interest in property to her daughter, Lisa, but reserves a life estate for herself. During Jean's lifetime, Lisa holds a: Select one: A. Life interest, pur autre vie B. Remainder interest C. Reversionary interest D. Life estate
B. Remainder interest
A landlord's right to re-enter or regain possession of the premises upon expiration of a lease is known as: Select one: A. Redemption B. Reversion C. Remainder D. Recovery
B. Reversion
Residential property may be composed of: Select one: A. Single-family homes only B. Single-family homes and cooperatives C. Commercial buildings that may have a landlord's private apartment D. A cattle ranch with a bedroom in a barn
B. Single-family homes and cooperatives
A property has three owners. These parties own 10%, 20%, and 70% interest, respectively. What type of ownership do they have? Select one: A. Joint tenancy B. Tenancy in common C. Tenancy by the entireties D. Either A or B
B. Tenancy in common
A group intends to buy real property jointly, as follows: Person A contributes $11,000; Person B, $10,000; Person C, $5,000; and Person D, $6,000. Each desires to protect their heirs' share of the property. How could they take title? Select one: A. Joint tenancy B. Tenancy-in-Common C. Tenancy by the entirety D. Either A or B
B. Tenancy-in-Common
What is NOT true about metes and bounds? Select one: A. The metes and bounds survey ends at the point of beginning B. The distances shown in the deed will prevail over the actual distances measured C. The length of metes in the survey can be measured to one hundredth of a foot D. The monument at the point of beginning should be as permanent as possible
B. The distances shown in the deed will prevail over the actual distances measured
Dave had a bad year. In February, he defaulted on his mortgage. In March, a carpenter built a deck on Dave's house. In April, that carpenter secured a mechanic's lien for work and materials since Dave wasn't able to pay his bill. In June, a judge signed a judgment lien against Dave and all of his real and personal property. Finally, Dave realized that he forgot to pay his property taxes, which should have been due in August. Which of the following liens has priority after a court-ordered foreclosure of Dave's home? Select one: A. The lien of his mortgage B. The real estate tax lien C. The judgement lien D. The mechanic's lien
B. The real estate tax lien
Once created and properly recorded, may a subdivision plat be altered? Select one: A. No, because all descriptions will retain the historical reference to the original subdivision B. Yes, so long as new plats are created and recorded which reflect the changes to the original plat C. No, because a change would render all prior descriptions from the original plat as invalid D. Yes, so long as permission is obtained from the local zoning board
B. Yes, so long as new plats are created and recorded which reflect the changes to the original plat
The most predictable element of severance is: Select one: A. Attachment B. Intent C. Agreement D. Adaption
C. Agreement
Mrs. Franklin is buying property from Mr. Akin. In order to get to her property, it is necessary to cross property owned by Mr. Travis. In the past, Mr. Travis had granted permission to Mr. Akin for this purpose. Mrs. Franklin wants to protect this privilege. What would best serve Mrs. Franklin's interests? Select one: A. An easement in gross B. A license C. An appurtenant easement D. Either A or C
C. An appurtenant easement
Which definition is described as a trespass on an improvement? Select one: A. An easement B. A license C. An encroachment D. None of the above
C. An encroachment
Land moves by: Select one: A. Accretion B. Erosion C. Both A and B D. None of the above because land is immobile
C. Both A and B
A person has fee simple ownership of a unit in a multi-story building. She is also required to pay property taxes on that unit. Which type of common interest ownership could the owner have? Select one: A. Proprietary lease B. Cooperative ownership C. Condominium ownership D. Joint tenancy in the common area
C. Condominium ownership
If a man is considered a "proprietary tenant," he is most likely owns interest in which of the following types of property? Select one: A. Condominium apartment B. Apartment house C. Cooperative apartment D. Office building
C. Cooperative apartment
Which of the following items is not an improvement of land? Select one: A. Building B. Sidewalk C. Corn crop D. Flower bed
C. Corn crop
A property owner may: Select one: A. Possess property, but not dispose of it B. Enjoy property, but not encumber it C. Dispose of property, but not destroy it D. Control property, but not exclude others
C. Dispose of property, but not destroy it
Which of the following items would be disclosed by a metes and bounds survey? Select one: A. Easement B. Marketability C. Encroachments D. Both B and C
C. Encroachments
Farmer Pete leases land to grow wheat. In April, Farmer Pete plants his crop, expecting to harvest in October. However, just before harvest time, his landlord successfully evicts him for nonpayment of rent. In October, Farmer Pete attempts to harvest his wheat. The wheat belongs to: Select one: A. The landlord, because Farmer Pete is no longer in possession of the property B. Farmer Pete, but he cannot re-enter the property without the landlord's permission C. Farmer Pete, because it is personal property D. The landlord, because the crops are affixed to the land
C. Farmer Pete, because it is personal property
Jones, Smith, and Williams own property as joint tenants. Which of the following statements must be true? Select one: A. If Jones and Smith die, Williams will own the property as a joint tenant with the heirs of Jones and Smith B. If Jones dies, Smith and Williams will own the property as tenants-in-common C. If Jones and Smith die, Williams will own the property in severalty D. If any one of the owners die, the property goes to the heirs of the deceased owner
C. If Jones and Smith die, Williams will own the property in severalty
Real property does not include: Select one: A. Air rights B. Trade fixtures C. Improvements D. Mineral rights
C. Improvements
A prospective buyer wants the seller to include an ornate flagpole attached to the front porch of the house. What should the agent do to best ensure the flagpole conveys? Select one: A. Nothing, because the pole is attached and will automatically convey B. Call the seller and advise them that the buyer wants the pole C. Include the flag pole in the offer to purchase D. Photograph the flag pole as evidence of its attachment
C. Include the flag pole in the offer to purchase
Sam dies and leaves a valid will. Sam leaves the family farm to his children after the death of his wife, Jane. Several years after Sam's death, Jane sells her interest to Larry. Which of the following statements is true? Select one: A. Larry has no interest, but may cancel the contract due to Jane's fraud B. Larry has no interest because Jane did not get the children's permission to sell the farm C. Larry has a life estate pur autre vie D. None of the above
C. Larry has a life estate pur autre vie
Which legal instrument could convey a tenancy for years? Select one: A. Deed B. Land contract C. Lease D. Either B or C
C. Lease
Which phrase best explains why two physically similar parcels of real estate might have very different economic values? Select one: A. The supply of land of earth is fixed B. Land cannot be created or destroyed C. Location, location, location D. Land cannot be moved from one place to another
C. Location, location, location
The land description that uses a recorded subdivision plat is the: Select one: A. Geodetic survey method B. Rectangular survey system C. Lot and block system D. Metes and bounds survey method
C. Lot and block system
The right of one party to possess and use real property exclusive of others is: Select one: A. Hypothecation B. Partition C. Ownership D. All of the above
C. Ownership
The unity that exists in both a tenancy in common and a joint tenancy is: Select one: A. Time B. Title C. Possession D. None of the above
C. Possession
Which of the following items is most likely to be severed? Select one: A. Garden tractor B. Commercial cooler C. Rail fence D. Either B or C
C. Rail fence
Industrial property includes all of the following uses except: Select one: A. Mines B. Warehouses C. Ranches D. Vacant lots
C. Ranches
Which method of legally property description relies on range lines? Select one: A. Vertical B. Lot, block, an subdivision C. Rectangular D. Monumen
C. Rectangular
Which of the following circumstances would diminish a fee simple estate? Select one: A. Death of the owner B. Sale of the property C. Rental of the property D. All of the above
C. Rental of the property
All of the following choices are considered as legal descriptions of real property EXCEPT: Select one: A. Lot and block B. Metes and bounds C. Street address D. Government survey
C. Street address
A person enters into a lease agreement for 1 year. At the end of a year, the lease expires, but the tenant does not vacate the property. The tenant would be considered a: Select one: A. Periodic tenant, because the lease automatically renews B. Tenant at will, because no additional time period was specified C. Tenant at sufferance, because the tenant is breaking the law D. Freehold tenant, because the landlord failed to act
C. Tenant at sufferance, because the tenant is breaking the law
Of the terms listed below, which do NOT fit together? Select one: A. Survivorship --- Joint tenancy B. Fee simple --- Forever C. Testate --- Escheat D. Tenants-in-Common --- Undivided interest
C. Testate --- Escheat
Mary has a life estate and her daughter has been named as the remainderman. Mary leases the property to Susan for 5 years. One year later, Mary dies. Mary's daughter serves notice to Susan to vacate the property. Which of the following statements is correct? Select one: A. The lease is valid for four more years because it is Susan's personal property B. The lease was invalid from the beginning because a life tenant may not commit waste C. The lease was valid only during Mary's lifetime because it was one of the sticks in the bundle D. The lease is invalid because it violates the statute of frauds
C. The lease was valid only during Mary's lifetime because it was one of the sticks in the bundle
Zorba leases a restaurant. He installs ovens, booths, and counters. Which of the following statements is true? Select one: A. The ovens, booths, and counters cannot be removed by Zorba B. The ovens, booths, and counters can be removed by Zorba at any time C. The ovens, booths, and counters can be removed by Zorba at any time before Zorba's lease expires D. Zorba is not responsible for any damage caused by removing the ovens, booths, and counters
C. The ovens, booths, and counters can be removed by Zorba at any time before Zorba's lease expires
What would most likely to be included in the sale of real property? Select one: A. An easement B. Enjoyment C. Trade fixtures D. A kitchen sink
C. Trade fixtures
Zorba owns property and gladly allows his friend, Young, to use it. To best protect Zorba's interest, he should give Young: Select one: A. An easement in gross B. A right of way C. An appurtenant easement D. A license
D. A license
A lease that contains no mention of an occupancy period is most likely to be: Select one: A. Invalid B. A month-to-month lease C. Covered by the statute of frauds D. A tenancy at sufferance
D. A tenancy at sufferance
Mr. Foster owns an automobile, a boat, a house, and a farm. He defaults on the mortgage covering his house. If a judgment lien is entered, which of the following properties could be subject to the judgment lien? Select one: A. Car B. Boat C. Home D. All of the above
D. All of the above
The right or privilege that one has to use the property of another is: Select one: A. A license B. A lease C. An easement D. All of the above
D. All of the above
To have any legal affect, plats drawn from the lot, block, and subdivision method must: Select one: A. Include a plat B. Be pre-approved by the country or city before recordation C. Be recorded D. All of the above
D. All of the above
Which of the following properties may be classified as commercial? Select one: A. Apartment buildings B. Vacant lots C. Parking lots D. All of the above
D. All of the above
Which real property right automatically conveys? Select one: A. Surface rights B. Subsurface rights C. Control D. All of the above
D. All of the above
What is not a valid method to describe real property? Select one: A. Metes and bounds B. Street address C. Government method of survey D. All of the above are valid methods
D. All of the above are valid methods
Which of the following items is not personal property? Select one: A. A lease B. A mortgage that secures personal property C. Partnership interests D. An easement
D. An easement
A condominium could be which of the following descriptions? Select one: A. Multi-story building B. Townhouse community C. Industrial office park D. Any of the above
D. Any of the above
Which item is personal property? Select one: A. Apartment lease B. Business reputation C. Tool shed attached to the brick foundation D. Both A and B
D. Both A and B
A woman owns an apartment building that is losing money. Her accountant tells her that she could make a profit if she sells the apartment units as condominiums. Which document must she record or provide? Select one: A. Condominium instruments B. PUD C. POS D. Both A and C
D. Both A and C
How can an appurtenant easement be terminated? Select one: A. If the easement is released by the dominant estate B. If the dominant estate owner dies C. If the necessity no longer exists D. Either A or C
D. Either A or C
What is NOT a physical characteristic of land? Select one: A. Heterogeneity B. Indestructibility C. Immobility D. Fixity
D. Fixity
Jon purchased a 640 acre tract of land. Which method of legal property description would work best for Jon? Select one: A. Monument B. Metes and bounds C. Recorded plat D. Geodetic
D. Geodetic
All of the following statements are true about land, except: Select one: A. Land exists forever B. Real estate is immobile C. Land cannot be insured D. Land may be depreciated
D. Land may be depreciated
Lionel rents an apartment under a three-year lease. After the first six months, the landlord sells the building. Lionel: Select one: A. Must renegotiate the lease with the new owner or vacate the premises B. Need not do anything if the owner fails to renegotiate the lease within 60 days C. Need not do anything, but the new owner may terminate the lease at any time D. Need not do anything
D. Need not do anything
Land is insurable primarily because of its: Select one: A. Uniqueness B. Indestructibility C. Improvement D. None of the above
D. None of the above
Tommy the Tenant takes over a tattoo parlor from an existing tenant. The parlor came with a comfortable dentist chair, which was perfect for people to sit on while getting their tattoo. One day, the chair breaks. Tommy installs a new dentist chair that he picked up at a flea market. The new chair is: Select one: A. Personal property, regardless of when it is removed B. Real property, if not timely removed C. Personal property, so long as it is timely removed D. Real property, regardless of when it is removed
D. Real property, regardless of when it is removed
What is NOT considered to be a legal description of property? Select one: A. Metes and bounds B. Lot and block C. Rectangular survey system D. Taxpayer federal ID number
D. Taxpayer federal ID number
A tenant and landlord enter into a six month lease on July 1, 2016, to expire on December 31, 2016. Which of the following statements is correct? Select one: A. The landlord must serve notice to quit at least 30 days before expiration or the lease will renew B. The tenant must serve notice to quit at least 30 days before expiration or the lease will renew C. If neither party provides proper notice to quit, the lease will renew for another 6 months D. The lease will terminate on December 31, 2016
D. The lease will terminate on December 31, 2016
When a metes and bounds survey is used to describe property, the word "metes" refers to: Select one: A. Monuments B. Areas twenty-four miles square C. Parallel lines that run north and south D. The length in inches, feet, or yards of a property line
D. The length in inches, feet, or yards of a property line
Harry hired a contractor to paint the interior and exterior of his rental property. Harry did not pay, and the contractor filed a mechanics lien. Which of the following statements is true regarding the lien? Select one: A. The lien can only be for the cost of the material used B. The lien applies to all of Harry's real property C. The lien applies to all Harry's real and rental property D. The lien only applies to Harry's rental property
D. The lien only applies to Harry's rental property
