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4 Cards in this Set

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Amanda Green sold her property to Sally Fay. Amanda will retain title to the property until Sally has been paid in full. What kind of contract do Amanda and Sally have?

Land contract

What is overage rent?

Rent calculated on a percentage of sales volume

What is the minimum period of time over which the owner of an apartment building can depreciate the improvements?

27.5 years

Who pays the real estate taxes for a condominium?

The condominium owner