1. Zoning regulations determine whether real property can be used for operating a business. ______
2. A mortgage is a debt secured by the real property to ensure payment of a loan for set amount of money. ________
3. Mortgagor is the bank or person lending the money. _______
4. The amortization period is the length of time it takes to repay a mortgage loan in full on a payment schedule. _______
5. An acceleration clause permits the mortgagee to demand immediate payment of the full amount of the loan in the event of a default. _______
6. A fixed tenancy is a lease for an indefinite period of time. _______
7. A lease gives a tenant possession of the property while that landlord maintains ownership. _________
8. An assignment is when the tenant allows another person to occupy their leased premises during the term of the lease. _______