A deed of trust is a deed that 1. transfers equitable title in teh property to a trustee until the mortgage is repaid 2. transfers equitable title in the property to the mortgage until the mortgage is repaid 3. Includes terms requiring the buyer to sell the property if the mortgage can not be repaid 4. is executed by a trustee
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- David owns a restaurant in downtown Sarasota. When David's lease is up, what happens to his cooking stoves and dish washing machines? O These items are considered trade fixtures and thus owned by David. David will take these items when he moves from the property. These items become emblements and belongs to both David and the landlord These items are considered trade fixtures and will stay with the landlord. These items are considered fixtures and will stay with the landlord.what does it means to be a “remainderman” of a life estate interest. Can this interest be sold?John owns a small rental cottage in St Augustine and his mother Brenda lives nearby in a rented apartment. He is concerned about her having a secure home to live in after her retirement so he decides to convey the cottage to her for the rest of her life, after which, ownership will revert to him. What would John's attorney probably have advised him to do to achieve these goals? Establish a Trust with his mother as one of the trustees Convey a tenancy at sufferance to Brenda. Convey a tenancy by the entireties to Brenda, pur autre vie. О Convey a life estate to Brenda with the right of reversion to John.
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