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Questions and Answers
An easement that burdens the property is considered a reciprocal easement.
An easement that burdens the property is considered a reciprocal easement.
True
The new 2021 ALTA Policies eliminate the need for the 39-06 Policy Authentication Endorsement.
The new 2021 ALTA Policies eliminate the need for the 39-06 Policy Authentication Endorsement.
True
PACA and PASA exceptions often involve lien rights on real estate properties.
PACA and PASA exceptions often involve lien rights on real estate properties.
False
In a fee-simple situation, the value of a lease remains constant over time.
In a fee-simple situation, the value of a lease remains constant over time.
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Title insurers are very strict about the amount of insurance provided for lease transactions.
Title insurers are very strict about the amount of insurance provided for lease transactions.
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One way to value a leasehold estate is by multiplying 10 years by the average annual rent, plus the cost of improvements.
One way to value a leasehold estate is by multiplying 10 years by the average annual rent, plus the cost of improvements.
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The successor to the title of an insured remains the same even when converting the type of entity.
The successor to the title of an insured remains the same even when converting the type of entity.
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Coverage may continue when ownership of an LLC shifts from a single owner to multiple owners.
Coverage may continue when ownership of an LLC shifts from a single owner to multiple owners.
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When a trustee transfers title to the beneficiary, coverage will cease according to the text.
When a trustee transfers title to the beneficiary, coverage will cease according to the text.
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