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FINA Exam 2
Terms in this set (39)
An address is a sufficient legal description (T/F)
Only the tenant is responsible for compliance with Americans with Disabilities Act in residential properties (T/F)
A meads and bounds description requires an immovable starting point (T/F)
Share rental profits if rented to third party
If one cotenant is living on the property of the tenancy, he or she must
X and Y
X Y and Z run the XYZ partnership. The partnership owns a factory located in Arizona. Z has passed away, who now owns the factory?
Edna and Dorothy as tenants in common
In 1995, Edna R. Murphy executed a quit claim deed conveying her residence to herself and Dorothy More as joint tenants. The deed was recorded in 1998. Dorothy then quit claimed her interest to another party who in 2002 gives it back to Edna. Who owns the property now?
Distance and direction
Meads and bounds descriptions start from a reference point and describe property by
$120 a month
Bridget's bakery is 1,000 sq ft in a 100,000 sq ft shopping center. The total common area maintenance is 12,000 a month. How much is Bridget's share?
Allison Ray took the property subject to the leans
Allison Ray Cramden purchased a home from Mary and Ralph Norton for $270,000. Mary and Ralph had purchased their home from the developer for the subdivision. After closing, the title company discovered there were two leans on the home from the landscaper for the subdivision developer for $12,000 and $8,000 from the subdivision appliance company. Which statement best describes the rights of Allison Ray?
A, E, F, G, H, I
A,B,C and D are tenants in common. D conveys to E, C Conveys to F, B dies and leaves his property to his children G,H, and I. Who owns the parcel now?
Noone did anything wrong
Randy Klitz has leased an apartment in the Charlton Arms Complex. The landlord changes the air filters in the apartment's heating and air conditioning units on the first day of each month. On Feb 1, Randy is traveling for his job and noone has been at his apartment. Because Randy is traveling, the landlord is unable to reach him. The maintenance company for the landlord is given access to Randy's apartment.
With permission, for repairs, and for emergencies (all of the above)
When does a landlord have right of access to the tenants premises?
Government survey description
Which of the following is NOT included on a platt map?
Boston Market fits within the exception and the landlord can lease to them without violation
Walmart entered into a lease agreement for the anchor space in a shopping center. The landlord leased a space to Boston Market which sells chicken, salads, and other prepared foods for a takeout meal that seems to be home-cooked. Which of the following statements is true?
A month to month tenancy
A periodic tenancy is
Which is not a unity required for tenants
Description of the property
Which of the following provisions must be included in a lease agreement for that agreement to be valid?
Jenny and June own it as tenants in common
In 1951, Margaret, Julia, May and Jenny Hassleman (surface and mineral rights)
If a customer slips and falls, it's the mall's responsibility
Crop Corner leases a small store located in the Cumberland Shopping Mall. Crop Corner's owner has noticed a leak from the ceiling just above the entrance to his shop. There's a constant drip outside the door. Which of the following statements is correct?
None of the above
The applied warranty of habitability
A judgement and a mortgage (both a and c)
Which of the following is not an example of a statutory lean?
The landlord must follow statutory disclosure requirements
Which of the following best summarizes a landlord's duty with regard to mold in leased premises?
A lease of premises that violates the city fire code is
Tyrone owns 1/2, Ned and Arlin's heirs owns 1/4
On December 1, 2009- Tyrone, Ned and Arlin
Lakefront is liable for the injuries
Randy resides in a 2 bedroom with her children owned by Lakefront Apartment Inc. The hot water is too hot for Randy to touch and she has complained. Her 6 year old daughter is severely scalded when she tries to draw water for her bath. Which of the following is correct?
If Rotorouter preforms plumbing services, in which of the following circumstances will the authority of the contracting party be questionable?
All of the above
The Americans with Disabilities Act applies to
recorded in land records
Platt maps are
What type of property is exempt from leans?
Each section contains
Meryl and Ruth have a month to month (periodic) tenancy
Ruth moves into one of Meryl's main beach houses on an oral lease agreement that is to run for 24mo. In Maine, leases that run longer than 1 year must be in writing to be enforceable. Meryl has excepted Ruth's rent for two months now.
The southeast quarter of the northeast quarter has how many acres?
Amy can enter into a sublease but is not released from liability
Amy had a two year lease on a Manhattan apartment that began on August 1st, 2007, and was to run until July 31st, 2009 at 1200 dollars per month. Amy was assigned to work in the London office of her company and wishes to rent her apartment out.
The following description appears in a deed; 4244 Seville Street and it is
They have to have certain and stable beginning and ending points in order to be valid
The general problem with meads and bounds descriptions is
Gereldene has breached her agreement
Gereldene Waters rented an apartment at the Bedford Arms Complex for a rent of $1,000 per month. She was required to pay a $1,000 security deposit when she moved in, and the lease was to run for 6 months.
For which of the following expenses are joint tenants responsible?
The description is legally sufficient
The following description appears in a deed; Lot 27 of Candlelight Estates Four as per platt...
The landlord has liability for injuries caused by the failure to maintain common areas
Mary Weatherall was a tenant in the Yorktown townhome conference. She fell in the ice and snow accumulated outside her leased apartment and fractured her ankle. Which of the following statements is correct about these circumstances?
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