Exam 19: Real Property

Which of the following is a common policy shared among many world nations?

Which of the following would a commercial real estate agent most likely indicate as being the reason that a commercial lease is dependent upon the value,nature,and size of the property?

Aaron and Janelle enjoyed years of experiences shared through their rewarding ownership of Crystal Lake Cottage Resort Inc.When Aaron died unexpectedly,title automatically transferred to Janelle.Aaron's family has decided to dispute Janelle's right to ownership.What is the name given to the type of ownership interest enjoyed by Aaron and Janelle that allowed her to acquire ownership in this manner?

The risk associated with borrowing a high percentage of the capital needed to acquire commercial real estate is that,if there is default in payment due under the loan at any time and the company is unable to negotiate more favourable terms with the lender,the ownership and possession of the property can be completely lost.

Meagan has been asked to search the chain of title to a cottage property located on the Lake of the Woods in Northwestern Ontario.If the deal proceeds after Meagan has completed the search,which of the following is the most likely result of the investigation?

Juha and Tesalle presented an offer to purchase at $15 000 below Rickie's asking price for her home.Rickie did not accept the offer,stating that she would accept $2000 less than asking price.The couple countered,offering $5000 below asking price,with the appliances included,and Rickie accepted.How many types of offers did this transaction require before a contract of purchase and sale existed?

The mortgagor is the party who lends the money and the mortgagee is the party who borrows the money and signs the mortgage promising to repay the loan.

As co-owners of a portion of the whole interest in a parcel of land,each co-owner's share may be distinctly singled out and identified should one decide to sell that interest to some other party.

A lease in land is,in theory,affected by the sale of the property by the landlord.Each tenant is entitled to stay 30 days past the closing date,by which time a new lease arrangement must have been negotiated with the new landlord or the leased premises must be vacated.

Which of the following would a commercial lender indicate as being central to a mortgage on commercial property being taken out by a commercial borrower?