FRECI_9-6 - Lecture Preview Florida Real Estate Commission...

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1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 9 – Lecture 6 Title, Deeds, and Ownership Restrictions Copyright, 2004 2 Lecture Preview What will you learn from this lecture? Continue discussion on private restrictions on real property Requirements of a valid lease agreement Different types of tenancies Five types of leases Copyright, 2004 3 Vocabulary Terms Assignment Gross lease Ground lease Net lease Percentage lease Sublease Variable lease Copyright, 2004 4 Private Restrictions p Leases (3 of 4) Temporary, non-ownership, possessory interest in another’s real property for compensation Short-term (weeks) Long-term (years) Oral Written Leases may be: 5 Leases Must be in writing and signed by lessor, lessee, and two witnesses if over 1 year term F Use F Possession F Exclusion Owner transfers: The lease terms identify the rights conveyed to the tenant 6 Requirements of a Lease ; Competent parties ;
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This note was uploaded on 05/21/2011 for the course FREC 1000 taught by Professor Stallone during the Spring '08 term at University of Florida.

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FRECI_9-6 - Lecture Preview Florida Real Estate Commission...

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