19. Brian wants to purchase a property but cannot qualify for a loan at this tim

Question

19. Brian wants to purchase a property but cannot qualify for a loan at this time. Jared with the intent to buy the house when his lease expires. This type of arrangement best describes He has offered to rent from A. Sale Leaseback B. Assignment Lease C. Variable Lease D. Lease Purchase 20. Jay sells his property to Sally. Sally then rents it back from Jay. This best describes which of the following? A. Sale Leaseback B. Sublease C. Variable Lease D. Lease Purchase 21. When a tenant breaches a lease or improperly retains leased premises, the landlord may regain possessin through a legal process known as: A. B. Constructive eviction Breach of contract C. Actual eviction D. Tenant at sufferance When a landlord breaches any clause of the lease and the property becomes unusable or lease can be terminated and the tenant can vacate the premises. This action best describes: uninhabitable, the 22. A. B. Constrictive eviction Breach of contract C. Actual eviction D. None of the Above 23. When a tenant transfers all of their rights and interest in a lease, it is known as A A sublease B. An Assignment C. Gross Lease D. Net Lease 24. When a tenant transfers less than all of their rights or interest in the lease, it is known as A. A sublease B. An Assignment C. Gross Lease D. Ground Lease

Explanation / Answer

19. Option d: lease purchase

Explanation:

Lease purchase is a lease combined with an option to purchase the property within a specified period, at an agreed upon price.

The lease purchase offers homeownership opportunities to consumers who are able to qualify for a loan.

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