Blog

This is a Multiple Answer type question.  You must choose EACH correct response. Having a “cloud on the title” means that there is:

TRUE/FALSEA developer may pre-lease property before construction is complete.

TRUE/FALSECommercial leases (as opposed to residential leases) are usually subject to more negotiation between the tenant (business owner) and the landlord regarding special offers and agreements.

TRUE/FALSEOne of the main responsibilities of a real estate attorney or paralegal is to make certain that a client has good title of ownership to real property. 

TRUE/FALSEIn Alabama, a tenant may not disturb the neighbors’ peaceful enjoyment of the premises.

Multiple Choice One method to remove a “cloud on the title” is the commencement of an action to:

TRUE/FALSEIn a commercial lease, the lessor (landlord) has the authority to set up the rent to request 3% of anticipated annual sales and if the sales exceed the anticipated amount, the lessor can also request 3% of the sales that exceed expectations.

TRUE/FALSEAlabama law dictates that a landlord may not receive a security deposit in excess of one month’s rent.

FILL IN THE BLANK (Write the correct answer in the textbox provided)One of the things a “mortgage policy” insures is that the mortgage is valid and enforceable, and the lender shall have the right to ___________ in the event the debt is not paid.

TRUE/FALSETitle insurance is a post-closing item that comes after the transaction and sale have been completed.