Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password

Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

ASREB Real Estate School Vocabulary for Chapter A-9

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
show An assignment (Latin cessio) is a term used with similar meanings in the law of contracts and in the law of real estate. In both instances, it encompasses the transfer of rights held by one party—the assignor—to another party—the assignee.  
🗑
show Breach of contract is a violation of any of the agreed-upon terms and conditions of a binding contract.  
🗑
Commingling   show
🗑
show Unauthorized appropriation of ownership rights over goods or property belonging to another; also altering one form of property to another such as changing a leasehold apartment building to freehold condominium ownership.  
🗑
Co-Tennants   show
🗑
Crime Free Addendum Demise   show
🗑
Distraint   show
🗑
show theft or misappropriation of funds placed in one's trust or belonging to one's employer.  
🗑
Exculpatory Clause   show
🗑
Estate   show
🗑
show the action of expelling someone, especially a tenant, from a property; expulsion.  
🗑
show Is physical expulsion of a person from land or rental property. It is the physical ouster of a tenant from the leased premises. After actual eviction, the tenant is relieved of any further duty to pay.  
🗑
show Term used in the law of real property to describe a circumstance in which a landlord either does/or fails to do something that he has a legal duty to provide (e.g. landlord refuses to give heat/water to the apartment) rendering the property uninhabitable.  
🗑
Fiduciary (noun and adjective)   show
🗑
Fiduciary Account   show
🗑
show A commission paid to an intermediary or the facilitator of a transaction. Fee is rewarded because the intermediary discovered the deal and brought it forth to interested parties. Depending on circumstance, fee can be paid by either buyer or seller.  
🗑
Forcible Detainer (Actual Eviction)   show
🗑
show FED process is for the possession of property only. Process is limited to the issue of possession. Issues about money or dmgs are typically not decided in an FED case, except that the court may award “prevailing party” the winner) costs & attorneys fees.  
🗑
show Renter who remains in a property after the expiration of lease. If landlord continues to accept rent payments, the holdover can continue to legally occupy the property, state laws & court rulings determine the length of the holdover's new rental term.  
🗑
Interest-bearing   show
🗑
show Landlord is the owner of a house, apartment, condominium, land or RE which is rented or leased to an individual or business, who is called a tenant (also a lessee or renter). When a juristic person is in this positiom, term is landlord (lessor & owner)  
🗑
show A contract by which one party conveys land, property, services, etc., to another for a specified time, usually in return for a periodic payment.  
🗑
show Type of commercial lease where the landlord pays for the building's prop taxes, INS & maintenance.Gross lease can be modified to meet the needs of a particular building's tenants. EG, a gross lease may require the tenant to pay the utility bills.  
🗑
(Lease) Index   show
🗑
(Lease) Net   show
🗑
(Lease) Percentage   show
🗑
show Leaseback, short for "sale-and-leaseback," is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it.  
🗑
(Lease) Sandwich Lease   show
🗑
(Lease) Sublease   show
🗑
show Present value of future lease income plus the leased asset's present value of its projected end of lease term value.  
🗑
Lessee   show
🗑
show failure to take proper care in doing something. failure to use reasonable care, resulting in damage or injury to another.  
🗑
Permit to Enter (PTE)   show
🗑
show Proportional, "pro rata," which means proportionally  
🗑
show Is the operation, control, and oversight of real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its useful life and condition  
🗑
Property Management Agreement   show
🗑
show a tenant's regular payment to a landlord for the use of property or land.  
🗑
(Rent) Contract   show
🗑
(Rent) Economic   show
🗑
show Excess rent is a term commonly understood by real estate appraisers to refer to contract rent that exceeds market rent at the date of an appraisal.  
🗑
(Rent) Ground   show
🗑
Revert / Reversionary   show
🗑
show The security deposit is paid by a tenant up-front to cover any default in the lease, including damage, whereas a buyer puts up an earnest money deposit at the time of the offer to purchase, to be forfeited in the event the buyer does not perform.  
🗑
Security Deposit   show
🗑
Earnest Money   show
🗑
Self-Help (Tennant's Repairs)   show
🗑
Subletting   show
🗑
Tennant / Lessee   show
🗑
Tenant Improvements (Commercial Property Management ) (TI)   show
🗑
Trust Account   show
🗑
Property Management Trust Account   show
🗑


   

Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
 
To hide a column, click on the column name.
 
To hide the entire table, click on the "Hide All" button.
 
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
 
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.

 
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how
Created by: 1510783545650471
Popular Real Estate sets