Alvin wants to purchase a mobile home. He takes out a loan with Burlington Bank to purchase the mobile home.  Alvin still needs actual land to place his mobile home on, so he enters into a lease with Calvin, a landowner. Alvin moves the mobile home onto Calvin’s land and pays Calvin rent. Alvin then defaults on his loan with Burlington Bank. Burlington Bank forecloses on the loan and takes possession of Alvin’s mobile home located on Calvin’s land. What type of tenancy has now been created? (Chapter 9) 

Dale wants to deed over his property interests to Alfred and Banks.  Dale specifically wants to make Alfred and Banks tenants in common and own the land equally.  As Dale’s attorney, what language would you advise writing in the deed to make it clear that Alfred and Banks are receiving Dale’s property as tenants in common with equal rights to the land? (Chapter 8)

Calvin decides to sell his home to Darren. Calvin and Darren enter into a purchase contract together.     Calvin and Darren agree that Darren will pay Calvin $200,000.00 to buy Calvin’s home.    What is Darren’s consideration here? (Chapter 13)

Still relating back to Question #1, who has the present interest in this property? (Chapter 2) 

Carrie is a commercial landlord, and David is a commercial tenant.  Carrie and David enter into a commercial lease, where David agrees to pay $1,200.00 every month on the 1st of each month to Carrie.  This is all that is stated about the rent.  What kind of rent is this? (Chapter 10) (2.5 Points) 

Certain elements are required in order to create a valid contract. The first element is the making of an agreement between the parties. How does one make an agreement and complete this first element? (Chapter 13) 

Co-owners in a joint tenancy: (Chapter 8) 

Notice does not have to be given to terminate a tenancy at will. (Chapter 9) 

Carrie is a commercial landlord, and David is a commercial tenant.  Carrie and David enter into a commercial lease, where David agrees to pay $1,200.00 every month on the 1st of each month to Carrie.  This is all that is stated about the rent.  What kind of rent is this? (Chapter 10)

A grantor transferring his legal rights to property via a deed must demonstrate that he has the capacity to transfer his rights.  How can a grantor show this? (Chapter 14)