Property Ownership
In NJ, a 'quiet title' action is a lawsuit filed to:
AStop noise from neighboring properties
BResolve competing claims to ownership of real property and establish clear title✓ Correct
CBlock a zoning variance
DCancel a listing agreement
Explanation
A quiet title action is a court proceeding to determine and confirm ownership of real property, remove clouds on title, and establish clear, marketable title against adverse claims.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Math Concepts
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