A tenant lease space from June 1 thought June 14. This would MOST LIKELY be considered:
A. An estate for years.
B. An estate will.
C. A periodic tenancy.
D. An estate at sufferance.
Answer: A. An estate for years.
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Loans from some lenders must comply with the Real Estate Settlement Procedures Act. When the loan is secured by residential real property, and contains 1-to-4 residential units, the loan must comply with the RESPA regulations if the loan is made by:
A: The seller of the property who carries back a note secured by a first deed of trust as part of the purchase price; B: A private lender who loans personal funds through a licensed real estate broker; C: Lenders whose deposits are insured by an agency of the federal government; D: Any of the above.
Legally, life insurance agents are not employees of the companies they represent
Indicate whether the statement is true or false