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Chapter 5 - Contracts Used in Real Estate (Law of Contracts)

Across
TREC has promulgate how many contracts to be used in the sale of real property?
A __ lease is the lease of just land.
__ purchase agreements are between a tenant and a landlord.
Agency by __ – “After the fact”;
In a __ lease, the tenant is responsible for paying a base rent amount plus a portion or all of the property taxes, property insurance premiums, and maintenance costs.
Parties to a contract (buyers, sellers, landlords, tenants) are also known as __.
A __ lease is a type of commercial lease where the tenant pays a flat rental amount, and the landlord pays for all other expenses (for example: taxes, utilities and water).
Down
When a tenant continues to occupy the property after the lease has expired, and the landlord wants the tenant to vacate the property, it is an estate at __.
A __ lease has a fixed amount that the tenant pays each month, but the amount can change.
Contracts can be terminated (discharged) due to __ of contract, breach of contract, or mutual agreement.
__ Agency results by the actions of the parties rather than oral or written agreements.
Agency by __ is when a third party is led to believe that an agency relationship exists between the agent and the principal.
__ Agency is created between the principal and the agent through an oral or written listing agreement or buyer’s representation agreement.
A/ An __ gives the optionee (buyer) the right to purchase or lease a property from the optionor (seller) at a given price for a given period of time.