Real-Estate Questions 1-1) What housing was built specically to the standards of

Question

Real-Estate Questions

1-1) What housing was built specically to the standards of the Department of Housing and Urban Developement?

1-3) Mary purchased a celing fan and installed it in her apartment. The ceiling fan is now known as?

1-4) Mark is purchasing a pizza restaurant. The tables and chairs in the restaurant will be classified as what kind of property? What will the ovens be classified as?

1-8) John purchased a home that was based on his uncle Bert's life. What kind of estate did John purchase and what happens if John dies first?

1-9) What role does remainder-woman play in real estate?

1-10) What gives an individual, business or other entity some degree of use or control of the property without owning it?

Explanation / Answer

I know only two questions here

1-3) Celing Fans are considered as real estate so in future if she plans to sell her apartment or rent it out, she can not carry that fan alongwith her. Thats the basic necessity she has to provide to her tenant or the buyer of the apartment

1-10) Encumbrance covers is an interest in real estate which allows a limited use of property without owning it.

1-9) is not clear here...Remainder is an interest in property law which is created through a will where for example parents will deed their residential property to their son till his death and in case he dies then it will go his wife and children. But here "remainder-woman" is confusing and not clear.

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