NALA ACP Real Estate case studies
NALA ACP Real Estate · Put your knowledge to work in context.
The Advanced Certified Paralegal (ACP®) credential is awarded by NALA – The Paralegal Association to current Certified Paralegals (CP®) who complete a curriculum-based ACP® course in a specialized practice area and satisfy its assessment component. Real Estate Principles is one of the ACP® course offerings, written for paralegals who already hold the CP® credential, or who work in real property practice and want structured, advanced-level coverage of it. The NALA ACP Real Estate case studies are 5 cases and about 2,755 words.
1Life Estate, Lease, Mortgage, and Timber Waste
In 2010, Owen conveyed Blackacre “to my sister Alma for life, then to Alma’s children who survive her.” Alma has two children, Ben and Cara. In 2015, Alma leased Blackacre to a tenant for 15 years at market rent.
571 words, about 3 min2Oral Land Sale, Part Performance, and Risk of Loss
In March, Rosa orally agreed to sell her 20-acre farm to Theo for 300,000. Theo paid 30,000 in cash, took possession in April, built a 40,000 barn, paid the property taxes, and made routine repairs.
557 words, about 3 min3Race-Notice Recording and Inquiry Notice from Possession
On January 5, Owen conveyed Blackacre to Alice by warranty deed. Alice paid 250,000, moved into the house, and openly occupied it, but she did not record.
545 words, about 3 min4Due-on-Sale Clause, Revocable Trust, and Garn-St Germain
In 2018, Priya borrowed 350,000 from National Bank, secured by a first mortgage on her home. The mortgage contains a standard due-on-sale clause.
539 words, about 3 min5Commercial Assignment, Nonconforming Use Expansion, and Holdover
Tenant signed a 10-year commercial lease for a retail store. The lease says: “Tenant shall not assign this lease or sublet the premises without Landlord’s prior written consent, which consent shall not be unreasonably withheld.” In year 4, Tenant transferred the entire remaining term to Assignee without asking Landlord.
543 words, about 3 min