Which of the following could serve as the basis for forming a stratum?

Owners equity in the property is best described as the

A) Difference between the current market value in the amount owed. B) Difference between the original purchase price and the amount owed. C) Current market value of the property. D) Total outstanding debt against the property.

A tenancy created when a lease specifies intervals at which payments are due but does not specify how long the lease is for is called a ________

A) tenancy at sufferance B) tenancy for years C) periodic tenancy D) tenancy at will