Assuming no special circumstances, and given only the facts…

Assuming no special circumstances, and given only the facts presented in Question 39, and the use of standard mortgage documents, Underwood will subordinate its mortgage to the tenant’s “occupancy agreements” with SUD. (The term “occupancy agreements” is used here so as to not disrupt the analysis of Question 39 above.) (Select one answer only.)

Lucchesi Equity III, LLC owns and operates three large tower…

Lucchesi Equity III, LLC owns and operates three large tower office buildings in Florida. All of those buildings are structured as condominiums. Lucchesi has sold and leased units in all its buildings. Lucchesi insists on an exterior consistency of ‘look’’ with of its buildings. In order to address this specific issue Lucchesi has its lawyers include the following restrictions in its condominium declarations: (Select one answer only. Read carefully.)