I have been living, in a New York Co-OP Sublet, for 20 years. without either board approval or building department approval. This is called cash for keys, where the tenant is given a short period to leave and will receive cash for returning their keys to further not damage the property. This includes making sure your timber isnt exposed to high levels of moisture and nutrients that support the fungus that is commonly known as rot. The presence of warped and sagging ceilings, wavy or cracked cornices , with one or more visible cracks running across the ceiling. I live on the bottom floor of a 3 story condo building. They can be physical or digital, but must include items like name and contact information, property address, date of receipt, payment period and amount, and how the payment was made. Water damage, pest (termites), or deterioration exist. Http Dx Doi Org 10 3846 13923730 2014 890666. Which Stucco Cracks Are Serious And A Structural Concern When we first moved the area was still under construction. Landlords must be able to distinguish between typical deterioration and actual harm done within their properties. from the layout they had been given. Physical deterioration of the building reduces its ability to perform its intended function while . During installation, a builder levels and shims a door to ensure it opens and closes easily. PUT A NICE TREE OUTSIDE IN A POT OR ON THE GROUND. I For long-lasting repairs, re-tape cracks rather than filling them with spackle. Even though the building department in the town where When Scheduled rent is less than market rent, a tenant may benefit by creation of a, A rectangular shaped building that is 35 feet wide and 55 feet long has a perimeter of, In the U.S. Government survey system, a one square mile area, or 640 acres, is called a, Deterioration of a building walls and ceilings is considered, Deterioration of a building foundation is considered, Which of the following terms refers to the rights of a person who owns a piece of property but lease it to someone else, the cost to pave a driveway that is 330 feet by 18 feet , at $8.25 per square yard, is, The value of 100 acres of land best suited for high density residential use may be found using the, Matched pairs analysis is used to determine which of these, A property use (as opposed to a building specification) contrary to local zoning regulations would require which of the following, Under the condominium form of ownership, an owner's interest in an individual unit would normally be a, Varying financing terms may be compensated for when considering comparable properties by using the, Generally, gross rent multiplier are used in appraising which of the following, A house oriented for maximum sunlight in winter will face, Between the ground and a foundation slab that rests on piers is (are) the, Which statement is not true with respect to property held in tenancy by the entirety, An air conditioning unit of one ton capacity can be rated as, Small outlets evenly spaced around the base of the perimeter of a brick home are called, studs extend continuously to the second floor ceiling in the type of construction called, A typical neighborhood goes through, in order, growth, equilibrium, decline, and revitalization, The uniform standards of professional appraisal practice define market value as including the, most probable price a property is likely to bring, To find the required net operation income a property must produce to provide a specific rate of return on investment, you could use the which of the following formulas, property value times rate of return equals net operating income, The formula for the income capitalization approach is, net operation income divide by capitalization rate equals property value, In real estate, the term improvement refers to all of the following except, the amount of income left over after all expenses of ownership have been paid, The ratio of building value to land value is approximately 4 to 1. what is the land value of a property valued at $200,000, using the allocation method, What a property actually sells for is its, The underlying principle behind appraising is, A poorly kept house that benefits from a generally well maintained surrounding neighborhood is an example of, A well maintained home that suffers because of poorly kept neighboring homes is an example of, All property is influenced by the principle of, retail properties are always susceptible to, Property demand may be expected to expand during a period of, Depreciation is more important to an appraiser using the, A subdivision of look alike homes will benefit from, Title passes to the grantee of a deed when the deed is, The fact that money spent on property improvements produces a proportionate increase in income or value is an example of, Additional property improvements that bring no corresponding increase in income or value provide an example of, The value of any improvement to property is subject to the principle of, operating expenses plus annual debt service to potential gross income, which of the following normally would not be considered a fixture, Unless specifically excluded, every transfer of land includes, Tangible items not permanently attached to real estate are, In a trust deed, the person pledging real estate as security for the debt is the, Under a gross lease, the tenant usually pays, a fixed rental over the period of the lease, If there were 400 foreclosures this year and 500 last year, what is the percentage of change, Governments establish zoning ordinance and building codes thought, Anything used with land for its benefit is, As a general rule, the sales comparison approach is the most reliable approach with, The mortgage that offers a below market interest rate and lower payments in exchange for the transfer of some equity from borrower to lender is the, The highest and best use of real estate is its, most profitable legally and physically permitted use, The high value of older building in very desirable urban areas results primarily from, Earthquakes, mud slides and periods of economic depression are all examples of, The lessee most likely would pay for fire insurance under which type of lease, rent, rent plus any other income, gross income, none of these, An outmoded room layout in a home is an example of, If a wants a 10% return on investment and is interested in a retail complex that produces a net operating income of $63,000 per year, what would the buyer be willing to pay for the complex, to receive a 14% return on an investment of $500,000, what would be the required net operating income of the purchased property, What would be the best appraisal approach to use in estimating the market value of an athletic stadium, Which appraisal approach would normally carry the most weight in valuing a strip shopping center, the level of business activity in a community, a measure of how far the average variate differs from the mean is the, Using all three approaches to value and assigning different weights to each approach is called, the most frequently occurring variate is the, Income attributable to land rent that remains after the expenses of ownership are deducted, is called, The measure of the effectiveness of insulation is, In the income capitalization approach, property value is treated as a function of, A property is described in a deed as the S 1/2 of the SW 1/4 of the NW 1/4 of section 4.

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