Real Estate Investing Quizzes-Which of the following provision

Answer to Quiz

Which of the following provision is not contained in a typical lease?

Answer: (c)
Most leases do not contain an arbitration clause, instead relying on the regular court litigation process. A "lease" is a legal contract providing for the rental of property for a specified term with designated terms and conditions. The property owner is referred to as the "landlord" or the "lessor" and the person or entity leasing the property is typically referred to as the "lessee" or "tenant."

Next Quiz:

The federal consumer protection law that requires disclosure of estimated settlement costs in the sale of residential property involving a federally insured lender is:

(a) HUD
(b) RESPA
(c) FNMA
(d) GNMA

Word of the Day

Mortgage Banker

A "mortgage banker" is an entity or individual that originates mortgage loans and...

Mortgage Banker

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