Chapter 7 Flashcards
The civil right act of 1968 prohibits discrimination on
Race, color, religion, sex or national origin
The civil right act of 1866 prohibits discrimination on
Race
Blockbusting?
Inducing an owner to list or sell on the basis that the neighborhood is deteriorating or to an influx of minority persons.
Common in retail centers and malls. Is a lease in which a tenant pays a monthly base rent plus a percentage of the annual or monthly gross sales of goods.
Percentage lease
When the sublessor (landlord) subleases the property to the sublessee (second tenant). Now the original tenant is in a?
Sandwich lease
The party that receives rights as the result of an assignment is called
Assignee
If the tenant is required to pay all or a portion of the operating expenses of the property in addition to the normal rent, the agreement is
Net lease
A landlord that maintains advance rent and security deposit in a
Separate non interest account
When all rights under a lease have been transferred for the entire lease period, The process is called an
Assignment
Federal law governing telephone solicitations prohibits calls to residences after or before
8 am to 9 pm
A violation of the Florida telephone solicitations Act that are in do not call list, could result in a fine up to
$10,000
Interest bearing escrow account
75 percent of the interest earned or 5 percent simple interest
Clerk of the circuit court in the county in which the dwelling unit is located in the amount of the total security holdings or $50,000 whichever is less
Surety bond
The landlord must maintain the property in compliance with
Applicable building, housing and health codes
A lease in which the tenant agrees to pay a fixed rental amount, and the landlord pays all expenses related to the property such as real estate taxes, insurance and maintenance costs
Gross lease
If a lessee transfers less then 100% of the space that has been leased, or make a transfer for a shorter period of time then the entire remaining remaining lease.
Sublease
Steering or channeling?
An individual, directly or indirectly, into or away from a neighborhood on the basis of race, color, religion, sex or national origin. When selling a house.
Redlining?
Refusal by a lender to approve a mortgage loan based on a property being located in a certain area, the age of property, income of the resident, or the race of the area
Exemptions from the civil right act of 1968 include:
Private clubs for the non commercial club members.
Owner doesn’t use real estate services, and does not use discriminatory advertising
Rental of rooms in owner occupied
Property owned by churches or fraternal organizations as long it doesn’t discriminate in the selection of members.
