inducing an owner to list or sell on the basis that the neighborhood is deteriorating or becoming transitional due to an influx of minority persons.
Steering or Channeling
veering an individual, directly or indeirctly, into or awayy from a neighborhood on the basis of race, color, religion, sex or national origin.
Redlining
refusal by a lenderto approve a mortgage loan based on a propery being located in a certain geographical area, the age of the propery, the income level of the residents, or the racial composition of the area
Owners of existing properites that do not comply with the _________ _________ _________ Act are required to make necessary modifications whenver such changes are economically feasible.
Americans with Disabilites Act
Owners, real estate licensees, landlords, or any person can be held liable to failure to disclose that the propery was the site of a homicide, suicide, or death.
false
Gross Lease
fixed rent amount, owner pays ALL taxes, insurance, and maintenance costs. Usually these are residential leases.
Net Lease
tenant pays a fixed rent, plus all or a portion of the operating costs.
Percentage Lease
lease in which the tenant pays a monthly base rent plus a percentage of the annual or monthly gross sales of goods sold on the premisis.
Assignment
occurs when a lessee transfers all of the leased space for all the remaining time. The lessee is the assignor, and the person recieving the rights is the assignee.
Sublease
occurs if a lessee transfers less than 100% of the space that has been leased, or makes a transfer for a shorter period of time than the entire emaining lease period. The original lessee becomes the sublessor or the second landlord. This transaction is referred to as a sandwich lease as the original tenant is "sandwich lease" because the original tenant is sandwiched between the landlord and the sublessee.
