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Explain when a remainder is permitted to sue a life tenant. Explain what a time is of the essence clause in a sale contract refers
- Explain when a remainder is permitted to sue a life tenant.
- Explain what a "time is of the essence" clause in a sale contract refers to, and explain in what situations it would be used.
- What is the Statute of Frauds? Why is it important to real property law?
- What is an easement in gross?
- What does it mean that a property is underwater?
- Describe the warranty of habitability.
- Under the modern definition of landlord-tenant relationships, what specific duties due landlords owe to their tenants.
- What is the difference between a present and future interest? Give an example of each.
- What are the elements and effect of adverse possession?
- Who has the right to create a restrictive covenant?Give an example of a valid and invalid type of restrictive covenant.
- List and explain tenancies available in a landlord/tenant relationship.
- List the elements of a legally valid deed.
- What remedies do a Broker/Seller/Buyer have to each other in the event of a breach of contract?
- Describe the elements of fraud and negligent misrepresentation. Explain the difference between them. Give examples of each.
- Describe and contrast the various concurrent ownership estates available.
- What rule of disclosure is set forth in Stambovsky v. Ackley? What do Sellers need to disclose? What can they do if they do not disclose?
- What duties does the Broker/Agent owe to his/her client (Seller)? What duties does the Broker/Agent owe to the Buyer. Explain what each duty entails.
- List the elements of a legally valid will. Is there a way to correct a vague description of the property? Explain.
- What is the General Rule of Validity? How does it affect electronic negotiations?What can be done to protect the client?
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