KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR
LET KNOWLEDGE SPREAD
Spend your lockdown period usefully.
PART-14 25.05.2021
CHOOSE THE RIGHT ANSWER – YES / NO
131. The date of valuation is very important because any incidents that have taken place after this date is not considered admissible evidence for estimating the fair market value of a property as on the date of valuation. Is it right?.….. Yes/No
132. All the ready-made valuation formats are foolproof and best suited for all types of properties. Is it right?
133. 99 years lease without renewal clause is called a perpetual lease. Is it right?
134. Lease for life is common in India. Is it right?
135. Net profit rent for lessee = Rack rent minus ground rent minus outgoings. Is it right?
136. The rights of the lessor/lessee depend upon the conditions stipulated in the lease deed. Is it right?
137. In a lease, the lessee’s right will be low, if the unexpired period is less. Is it right?
138. Retaining the open land by the lessee even after the lease period is called as reversion. Is it right?
139. A “deposit” is the amount which is non – returnable. Is it right?
140. The amount of Re. 1 per annum is the same as the sinking fund. Is it right?
ANSWERS (25.05.2021):
Part 14
131 – Yes
132 – No
133 – No
134 – No
135 – Yes
136 – Yes
137 – Yes
138 – No
139 – No
140 – No
With best wishes,
B. KANAGA SABAPATHY
[email protected]
www.bkanagasabapathy.com
