Describe leasehold estate Study guides, Class notes & Summaries

Title Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. What is the definition of a 'Condominium Corporation'? The condominium board Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents live harmon...

The CE Shop- SAE Appraisal Exam 2024. Table - ANSWER An amortization is an example of data presentation using a Formal Appraisal - ANSWER Another term for a valuation is ______. Cost of Capital - ANSWER Most investors have a minimum rate of return they require from their investment; this is known as... Direct Capitalization - ANSWER This process converts a single years expected income to value. It doesn't consider future resale value or future income streams, and primarily used with prop...

Title - ANSWER-Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - ANSWER-What is the definition of a 'Condominium Corporation'? The condominium board - ANSWER-Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents...

Title Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. What is the definition of a 'Condominium Corporation'? The condominium board Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents live harmon...

The CE Shop- SAE Appraisal Exam 2024. Table - ANSWER An amortization is an example of data presentation using a Formal Appraisal - ANSWER Another term for a valuation is ______. Cost of Capital - ANSWER Most investors have a minimum rate of return they require from their investment; this is known as... Direct Capitalization - ANSWER This process converts a single years expected income to value. It doesn't consider future resale value or future income streams, and primarily used with prop...

The CE Shop- SAE Appraisal Exam 2024. Table - ANSWER An amortization is an example of data presentation using a Formal Appraisal - ANSWER Another term for a valuation is ______. Cost of Capital - ANSWER Most investors have a minimum rate of return they require from their investment; this is known as... Direct Capitalization - ANSWER This process converts a single years expected income to value. It doesn't consider future resale value or future income streams, and primarily used with prop...

Pearson VUE Real Estate - National & Idaho Exam Questions And Correct Answers Real Property Real Estate plus the interests, benefits, and rights inherent in the ownership of real estate Personal Property is moveable (chattels) Fixture Personal property that has been affixed to land or a building that it is part of the real property Trade fixtures An article owned by a tenant and attached to rented space or a building for use in operating a business Emblements Annual plantings of crop...

Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums Questions and Answers Graded A Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. Title What is the definition of a 'Condominium Corporation'? A legal entity that represents the collective interests of its property owners. Who establishes the rules and bylaws in a condominium? The co...

An adequate legal description of real estate is one: - ANSWER-by which a reasonable person can determine what property is described - the legal description is legally "adequate" if a reasonable person could identify the property based on the description. Ownership of real estate includes: a.) Rights to use the surface, subsurface and airspace over the land b.) Fixtures c.) Naturally growing tree growing on the land d.) All of the above - ANSWER-D.) All of the above Subsurface rights...

Pearson Vue Real Estate Exam Study Guide Based on Outline Fixture An item of personal property that has been converted to real property by being permanently affixed to the realty. Trade Fixture An article installed by a tenant under the terms of a lease that is removable by the tenant before the lease expires. Emblement Growing crops, such as corn, that are produced annually through labor and industry; also called 'fructus industriales' Attachment The act of taking a person's proper...