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 DREC Property Disclosure Final Effective 12 1 13  Delaware 2013

2013-2025 Form

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question one in Delaware what type of ownership allows each ker to pass their interest to their a upon death rather than the surviving kiners a joint tency B tency in common C tency by the entir D community property correct answer B tency in common explanation in Delaware tency in common allows each k to pass their interest to their HS upon death as there is no right of survivorship question two scenario Mr Thompson is interested in buying a property that has a restrictive covenant stating that no commercial business can be conducted on the premises what does this mean for Mr Thompson a he could conduct any business after notifying the homeowners association B he is prohibited from conducting any Commercial Business on the property c e could conduct a commercial business if he gets permission from his neighbors D he can ignore the Covenant and use the property as he wishes correct answer b e is prohibited from conducting any Commercial Business on the property explanation a restrictive

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