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Real Estate Practice : Lesson 429

#429

For a lease to be considered a binding contract it always has to be signed by the tenant.

Is this considered to be true or false ?

Remember to take your time. The solution is posted below the wildlife photo.

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A. False

The best policy is always to have both the landlord and the tenant sign the lease agreement, but the only person that need to sign the lease for it to become a valid lease is the landlord.

If the tenant pays the rent and takes possession of the property it's taken for granted that the tenant has accepted the termsa of the lease.

Real Estate Practice : Lesson 428

#428

If a tenant farmer decides to build a hen house and a building for his tractor, who do these buildings belong to ?

Take you time. The solution is posted below the wildlife photo.

wildlife

A. The tenant.

If the tenant constructs a building on the property he owns it, unless other arrangements are made with the property owner.

Real Estate Practice : Lesson 427

#427

If the buildings were blown to smithereens, vaporized, bombed, imploded or torn to pieces and the land is still there, what example has been established by recognizing that the land still in place ?

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A. The indestructability of the land.

This is one of the most prominent aspects of land. Land, essentially, cannot be destroyed. It can be moved and displaced from the surface, but it extends to the center of the earth.

Real Estate Practice : Lesson 426

#426

If a landownber has npoated a "no trespassing" or "no hunting" sign on his or her property, what stick in the bundle of legal rights is this person exercising ?

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A. The right of exclusioon.

The right of exclusion gives the landowner the right to say who or what has a right to be on their property.

The other rights included in the bubdle of legal rights are the rights of "control", "enjoyment" and "disposition".

Real Estate Practice : Lesson 425

#425

When we consider the methods of annexation, adaptation and the type of agreement, these are considered the legal tests for determining whether or not an item is land or real estate ?

True or false ?

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A. False

The method of annexation, the type of adaptation, and the kind of agreement entered into are the legal tests for considering whether or not an item is real property or personal property.

In brief, the county assessors office might have more to do with whether or not an item is to be considered real property or personal property.