Extra Study QUESTIONS

Question 1

Requirements for a valid deed

Answer 1

…Deed must be in writing

…The grantor and grantee must be named

…A legal description of the property must be provided

…The deed must be signed by the grantor & witnessed by 2 people

….Deed is voluntarily delivered and accepted

Question 2

When an owner may lose title to another person who took control of the property

Answer 2

ADVERSE POSSESSION

Question 3

Assures the grantee there are no Liens or claims against the property not disclosed

Answer 3

Encrumbrances

Question 4

Enjoys possession and uninterrupted use of the property

Answer 4

Warranty Forever

Question 5

The most common easement in gross

Answer 5

Utility easement

Question 6

This deed is used when someone dies intestate

Answer 6

Personal representative deed

Question 7

This deed is the best deed for the grantee and the most common deed

Answer 7

General warranty deed

Question 8

The most common easement in gross

Answer 8

Utility easement

Question 9

This easement involves the right of access by one party onto a parcel of real estate owned by another party

Answer 9

Easement in gross

Question 10

This easement was created in Florida 20 years ago with continuous and uninterrupted use of a portion of another person’s property

Answer 10

Easement by prescription

Question 11

Types of leases

Answer 11

Net lease
Ground lease
Lease to option
Percentage leases
Gross Lease

Question 12

A fixed amount is called

Answer 12

Gross Lease

Question 13

When a tenant transfers lease to another person this is called

Answer 13

Assignment of lease