TRUE/FALSEIn Alabama, a tenant may not disturb the neighbors’ peaceful enjoyment of the premises.

Multiple Choice One method to remove a “cloud on the title” is the commencement of an action to:

TRUE/FALSEIn a commercial lease, the lessor (landlord) has the authority to set up the rent to request 3% of anticipated annual sales and if the sales exceed the anticipated amount, the lessor can also request 3% of the sales that exceed expectations.

TRUE/FALSEAlabama law dictates that a landlord may not receive a security deposit in excess of one month’s rent.

TRUE/FALSETitle insurance is a post-closing item that comes after the transaction and sale have been completed.

FILL IN THE BLANK (Write the correct answer in the textbox provided)One of the things a “mortgage policy” insures is that the mortgage is valid and enforceable, and the lender shall have the right to ___________ in the event the debt is not paid.

TRUE/FALSE A bona fide purchaser for value takes the property free and clear of any claims to or interest in the property by other parties.

Multiple ChoiceThe historical sequence of all owners to a particular tract of real property beginning with the original owner and including all successive owners who have derived their title from the original owner is known as:

TRUE/FALSESecurity deposit amounts are a percentage of the lease set by state statute.

TRUE/FALSEBecause title insurance companies insure against risks regarding “good title”, they will usually issue a policy regardless of possible problems to the title.