ASREB NATIONAL TEST A-2 EXAM
QUESTIONS AND VERIFIED ANSWER;
100% CORRECT; 2026- 2027 UPDATE
A clause in a lease that would allow adjustments of
payment either up or down would be called
An escalator
An escape clause
A margin clause
An equity participation clause - correct answer-
an escalator
A fee simple determinable estate is created on a property
for a specific school. When the school closes which of the
following is true?
The school may sell the property to another buyer for an
un related use
It would convert to a life estate
The court would decide who owns the property
Title reverts back to the original grantor - correct
answer- Title reverts back to the original grantor
,A gives a life estate to B for the life of C. B dies. Who has
the estate
A in reversion
C in remainder
B's heirs
C's heirs - correct answer- B's heirs
A gives to B for the life of C. This type of estate is called:
Pur autre vie
In remainder
By dower
In reversion - correct answer- Pur autre vie
A graduated lease would mean that:
Rents increase based on an index
Rents increase as tenants are procured
Rents decrease at a specified date
,Rents will increase or decrease upon renewal of lease -
correct answer- Rents increase as tenants are
procured
A holdover tenant would have
Estate at Sufferance
Estate at Will
Freehold Estate
Remainder Estate - correct answer- Estate at
Sufferance
A husband and wife own property as tenants in common.
If one dies the property would pass to the:
Surviving spouse
State by escheat
Estate of the deceased
Joint tenant - correct answer- Estate of the
deceased
, A lease and a life estate have which of the following
words in common
Remainder
Freehold
Reversion
Demise - correct answer- Reversion
A lease is for an indefinite period of time. This is called an
Estate for period to period
Estate for years
Estate at will
Estate at Sufferance - correct answer- Estate at
will
A lease is unaffected by all of the following EXCEPT:
Death of the lessor
Death of the lessee
Destruction
QUESTIONS AND VERIFIED ANSWER;
100% CORRECT; 2026- 2027 UPDATE
A clause in a lease that would allow adjustments of
payment either up or down would be called
An escalator
An escape clause
A margin clause
An equity participation clause - correct answer-
an escalator
A fee simple determinable estate is created on a property
for a specific school. When the school closes which of the
following is true?
The school may sell the property to another buyer for an
un related use
It would convert to a life estate
The court would decide who owns the property
Title reverts back to the original grantor - correct
answer- Title reverts back to the original grantor
,A gives a life estate to B for the life of C. B dies. Who has
the estate
A in reversion
C in remainder
B's heirs
C's heirs - correct answer- B's heirs
A gives to B for the life of C. This type of estate is called:
Pur autre vie
In remainder
By dower
In reversion - correct answer- Pur autre vie
A graduated lease would mean that:
Rents increase based on an index
Rents increase as tenants are procured
Rents decrease at a specified date
,Rents will increase or decrease upon renewal of lease -
correct answer- Rents increase as tenants are
procured
A holdover tenant would have
Estate at Sufferance
Estate at Will
Freehold Estate
Remainder Estate - correct answer- Estate at
Sufferance
A husband and wife own property as tenants in common.
If one dies the property would pass to the:
Surviving spouse
State by escheat
Estate of the deceased
Joint tenant - correct answer- Estate of the
deceased
, A lease and a life estate have which of the following
words in common
Remainder
Freehold
Reversion
Demise - correct answer- Reversion
A lease is for an indefinite period of time. This is called an
Estate for period to period
Estate for years
Estate at will
Estate at Sufferance - correct answer- Estate at
will
A lease is unaffected by all of the following EXCEPT:
Death of the lessor
Death of the lessee
Destruction
