Impact fees are paid by developers to help the federal government pay for government agencies responsible to regulate them.
Indicate whether the statement is true or false
Question 2
Patricia met Joel F. Tamraz in December 1987. At that time, Joel was in the process of purchasing a condominium in Malibu, California, for 220,000. Although Joel initially took title to the property in his name only, before escrow closed he signed a quitclaim deed in which he granted one-third of his separate property interest in the Malibu condominium to Patricia, with title to be held as tenants in common. Which of the following statements is correct?
A) Joel has created a valid tenancy in common.
B) Because the proper unities are not present, there is no valid tenancy in common.
C) Because the transfer occurred before closing it is invalid.
D) The two are joint tenants with right of survivorship.
Federal vs state law
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