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NJ Real Estate 08

Cumulative Review Quizzes 12th Ed.

QuestionAnswer
In MOST cases, the store the rents in a shopping mall is on what type of lease? a. Gross. b. Ground. c. Percentage. d. Periodic.
In some states, instead of mortgages borrowers sign a. reduction certificates. b. trust deed. c. defeasance clauses. d. estoppel certificates.
If a mortgage pledges the property as security for the loan, what document serves as a personal promise to repay the debt? a. The note or bond. b. A trust deed. c. An estoppel certificate. d. A subordination agreement.
If a mortgage pledges the property as security for the loan, what document serves as a personal promise to repay the debt? a. The note or bond. b. A trust deed. c. An estoppel certificate. d. A subordination agreement.
Created by: Kimawanda
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