Washington State Real Estate Exam | Questions & 100% Correct Answers

The voluntary and permanent cessation of use or enjoyment with no intention to resume or reclaim one's possession or interest. May pertain to an easement or a property. : Abandonment Tenants cannot sign away their rights in advance of signing the lease. : Abrogation A condensed version of the history of title to a particular parcel of real estate as recorded in the county clerk's records; consists of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property. : Abstract of Title The joining, reaching, or touching of adjoining land. Abutting parcels of land have a common boundary. : Abutting 2 | P a g e A method of calculating for tax purposes the depreciation of income property at a faster rat than would be achieved using the straight-line method. Note** any depreciation taken in excess of that which would be claimed using the straight-line rate is subject to recapture as ordinary income to the extent of gain resulting from the sale. : Accelerated Depreciation A provision in a written mortgage, note, bond, or conditional sales contract that, in the event of a default, the whole