Unit 8 Flashcards
1
Q
Three physical components of land relating to owners rights
A
Surface, subsurface, and air
2
Q
Legal test for determining whether an item is a fixture ?
A
IRMA- Intent of the parties, Relationship or agreement of the parties, Method or degree of attachments, and Adaptation of the item
3
Q
Tenancies that feature rights of survivorship?
A
Tenancy of Entireties and joint tenancy
4
Q
Disclosure given to buyers by developers of more than 20 new condo units
A
Prospectus and Est. Operating budget
