True or False!!!!!!?

Question

(1) a duplex is an apartment with two stories
(2) cooperative owners do not own their units, but instead own shares in corporations that own the entire properties
(3) the Fair Housing Act applies to both rental and privately owned property.
(4) once you sublet an apartment you are no longer responsible for damages incurred.
(5) landlords are allowed to deduct money from your security deposit for normal wear and tear
(6) most people buy their homes outright with cash
(7) if a buyer decides not to buy a home the seller can keep the earnest money paid by the buyer
(8) a sellers' market is created when many people want to purchase homes in a certain area, but few are available

Answer 1

1) False
2) Not necessarily true or false. Depends on the specific circumstance and contract. Generally, you own the unit and pay a share for the upkeep of the building and common areas. Specific by-laws of the co-op/association can, however, force you out of a unit for specific behaviors.
3) True
4) False
5) False
6) False
7) Depends on the laws of the specific state and contract.
8) True

Answer 2

1 false- duplex can be up & down or side by side but not an apartment.
2 False- the owners own the air space within and shares of common area.
3 false- there are some differences in how it applies to an individual that rents a room in their home for instance.
4 false
5 false- unless the lease says different and the local law allows
6 false
7 false- there is nothing automatic, the seller is normally not holding the earnest money so "keep" wouldn't be the right word to use. In order to be awarded the earnest money there are always steps involved.
8 true- but a true buyers or sellers market is always very short lived because it is self correcting. Prices are adjusted, or construction happens, or people change their mind about where to live.

Answer 3

1. False
2. True
3. True
4. False
5. False
6. False
7. May be true. Depends upon the agreement.
8. True

Answer 4

1. F
2. T
3. T
4. F
5. T
6. F
7. T (generally speaking, some exceptions could apply, especially if using FHA or VA financing and the appraisal comes in low).
8. T

Answer 5

I also asked the same question 4 times, and didn't receive a proper answer

Answer 6

1- true
2- false- all renovations are voted upon equally by all shareholders. you own share of a business basicllt
3- true
4- false
5- true
6- true, far and few
7- true, unless denial letter is issued from bank.
8- true

Answer 7

false
false
true
false
false
false
false...depends on contract!!
true