1. What is a condominium?
2. What is the difference between a common area and a limited common area in a condominium?
3. What information is contained in the articles of incorporation for a condominium association?
4. How are expenses paid for in a condominium?
5. What does a condominium owner own individually and what does the owner owns in common with other unit owners.
6. What is the definition of a subcondominium. Where are subcondominiums generally located?
7. What is a cooperative?
8. How does a cooperative differ from a condominium?
9. Why do cooperatives often restrict an owner's right to sell his or her cooperative unit?
10. What is a time-share and what are the ways a time-share can be structured?
11. What is the theory of independent covenants
12. What title concerns should a tenant have when entering a lease with a landlord?
13. What are the main concerns that a landlord should have when entering into a lease with a tenant.
14. What is a percentage rent? What is a radius clause? Why is a radius clause important in a retail lease with percentage rent?
15. What is the difference between a gross rent lease and a net rent lease?
16. What is the value of a CPA escalation rent clause?
17. What is the right of subrogation? Under what circumstances would a tenant want a subordination agreement?
18. What is the basic remedies of a landlord for a tenant's default under a lease
19. What is the difference between an assignment and a sublease?
20. List four provisions that are prohibited in a lease by the Uniform Residential Landlord and Tenant Act.