1. Name and briefly describe the ten (10) legal requirements for a valid deed.

2. For a contract to be valid, what three (3) elements are required? Include a description of each element.

3. Various financing options are available to buyers of real property. Describe the difference between the two options known as "assumption of the seller's existing mortgage" and "taking of property subject to the seller's existing mortgage."

4. A lease for a year:

is a contract for the use of land or buildings

must be in writing

may be oral

both a & b are correct

both a & c are correct

5. The action of constructive eviction is a legal remedy available to landlords for tenants who breach their lease.

6. Under both the common law and URLTA, landlords have a duty to maintain safe conditions in common areas.

Group of answer choices

True

False

7. Both the common law and URLTA require landlords to maintain premises in a habitable condition.

Group of answer choices

True

False

8.Under the common law, landlords were/are obligated to make repairs.

Group of answer choices

True

False

9.Under the common law, a landlord could legally seize a tenant's personal property if the tenant did not pay his/her rent.

Group of answer choices

True

False

10.All states have adopted the provisions of the URLTA.

Group of answer choices

True

False

11.All states allow landlords to bring actions for distress for rent.

Group of answer choices

True

False

12.The URLTA covers commercial leases.

Group of answer choices

True

False

13.List and briefly describe fifteen (15) elements/provisions of a commercial lease.Name and describe five (5) types of commercial leases.

14.What does the acronym URLTA mean?

15.Describe the difference between "abandonment" and "voluntary surrender" by a tenant.

16. List five (5) duties required of landlords by the URLTA.

17. A _________________ tenant is one who stays on the premises after expiration of the lease term without the landlord's consent.