Freehold Study guides, Class notes & Summaries

lOMoAR cPSD| PLP SGS 10 RELATIONSHIP BETWEEN THE PARTIES: Privity of estate - Parties who share an immediate interest in the same land, e.g. landlord and tenant Privity of contract - The original parties to a contract - can sue for breach of contract, not withstanding their subsequent disposal of their interest. Privity of estate ceases to exist once one of the parties sharing an interest in the land disposes of their interest, so it cannot be relied upon to pursue a remedy. OLD LEASE: ...

Title - correct 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. - correct answer What is the definition of a 'Condominium Corporation'? The condominium board - correct answer Who establishes the rules and bylaws in a condominium? To secure the assets of the co...

Title CORRECT 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. CORRECT ANSWER What is the definition of a 'Condominium Corporation'? The condominium board CORRECT ANSWER Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation an...

Consolidation notes covering the entire PLP module at BPP: For freehold: - Investigation of Title - Pre-contractual searches - Exchange of contracts - Post-exchange and pre-completion - Completion - Post-completion - Professional conduct issues For leasehold: - Security of tenure - Contents of a lease - Landlord remedies for Tenant breach of contract - Pre-completion - Post-completion /!/ These notes have been restructured to optimise exam performan...

CA DRE Salesperson Exam with 100% Verified solutions 2024 What are the two types of freehold estates? 1) an estate in fee (simple absolute) 2) a life estate.

Which law applies to Land Registration & Ownership (Role of DLD) - ANSWER Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) - ANSWER Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers - ANSWER Law No. 85/2006 Which law applies to Establishment of RERA - ANSWER Law No. 16/2007 Which law applies to Escrow Accounts - ANSWER Law No. 8/2007 Which law applies to Tenancy Law - ANSWER Law No. 26/2007 Law No....

The economic characteristics of land are - Answer- scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - Answer- are of indeterminable duration An easement can be terminated by - Answer- merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - Answer- Rectangular survey Tenants are still in their rental property even though their lease has expired. The lan...

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. - Answer-Title What is the definition of a 'Condominium Corporation'? - Answer-A legal entity that represents the collective interests of its property owners. Who establishes the rules and bylaws in a condominium? - Answer-The condominium board What is the aim of condo bylaws and rules? - Answer-To secure th...

Humber Real Estate - Course 3, Module 1, Introducing Residential CondominiumsHumber Real Estate - Course 3, Module 1, Introducing Residential CondominiumsHumber Real Estate - Course 3, Module 1, Introducing Residential Condominiums 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 ...

Life Estates - correct answer -level 13 chp 2 The Four Main Types of Estates - correct answer -Freehold Estates Leasehold Estates Equitable Estates Concurrent Estates Freehold Estates - correct answer -Three Types of Freehold Estates Okay, so now you know what a freehold estate is. Let's break it down further into three categories: Fee simple absolute estate Defeasible fee estate (also called qualified fee or fee simple defeasible) Life Estate Fee Simple Estate/Fee Simple Absolu...