Freehold Estates
Which of the following is he most complete from of property ownership?
A. Life estate
B. Fee simple
C. Leasehold estate
D. Conditional state
What is B. Fee simple?
Which of the following is true of an estate for years?
A. It requires notice to terminate
B. If has definite start and end date
C. It renews automatically
D. It is indefinite
What is B. If has definite start and end date?
A mortgage lien is best classified as
A. Voluntary and specific
B. Involuntary and general
C. Voluntary and general
D. Involuntary and specific
What is A. Voluntary and specific?
Which of the following involves two parcels and benefits one owner over another?
A. Easement in gross
B. Appurtenant easement
C. Encroachment
D. License
What is B. Appurtenant easement?
An encroachment is defined as
A. An easement
B. An interest in anothers land
C. Unauthorized intrusion
D. A lease agreement
What is C. Unauthorized intrusion?
A fee simple determinable estate includes which of the following phrases?
A. On condition that
B. As long as
C. In perpetuity
D. By prescription
What is B. As long as?
An estate at sufferance occurs when
A. A tenant stays without permission
B. A lease is renewed
C. A lease is terminated by mutual agreement
D. Rent is not paid
What is A. A tenant stays without permission ?
A judgement lien is considered
A. Voluntary
B. Specific
C. General and involuntary
D. Private
What is C. General and involuntary ?
Which of the following is NOT a method of terminating an easement?
A. Merger
B. Court action
C. Verbal agreement
D. Express release
What is C. Verbal agreement?
The term 'runs with the land' applies to
A. Judgement liens
B. Encroachments
C. Easements
D. Leasehold estates
What is C. Easements?
Who holds the future interest in a life estate if not the original grantor?
A. Life tenant
B. Lessor
C. Remainderman
D. Trustee
What is C. Remainderman?
In a leasehold estate, the property owner is called the
A. Lessee
B. Grantee
C. Lessor
D. Trustee
What is C. Lessor?
Which lien type typically has the highest priority?
A. Judgement lien
B. Mechanic lien
C. Property tax lien
D. Mortgage lien
What is C. property tax lien?
The land burdened by an easement is called the
A. Dominant tenement
B. Servient tenement
C. Grantor
D. Leaseholder
What is B. Servient tenement?
A license differs from an easement in that it is
A. Non-revocable
B. Transferable
C. Temporary and personal
D. Real property
What is C. Temporary and personal?
A life estate that is based on another persons life is called
A. Fee Tall
B. Life estate pur autre vie
C. Homestead
D. Leasehold
What is B. Life estate pur autre vie ?
A periodic tenancy is characterized by
A. Automatic renewal
B. One-time payment
C. Court approval
D. Permanent ownership
What is A. Automatic renewal?
What is a 'lis pendens' ?
A. A type of deed
B. A leasehold agreement
C. Notice of a pending lawsuit
D. Title transfer document
What is C. Notice of a pending lawsuit ?
A personal easement in gross
A. Transfers with land
B. Terminates at death
C. Requires a lease
D. Is always commercial
What is B. Terminates at death?
Dower and curtesy rights are associated with
A. Leasehold estates
B. Statutory life estates
C. Easements
D. Fee simple estates
What is B. Statutory life estates?
A freehold estate has which of the following characteristics?
A. Definite duration
B. Owned by tenants
C. Indefinite duration
D. None of the above
What is C. Indefinite duration?
Which of the following is NOT a type of leasehold estate?
A. Estate for years
B. Periodic estate
C. Life estate
D. Estate at will
What is C. Life estate?
A mechanics lien is typically filed by
A. A buyer
B. A contractor
C. A lender
D. An attorney
What is B. A contractor?
An easement based on long, continuous use is created by
A. Necessity
B. Prescription
C. Grant
D. Condemnation
What is B. Prescription ?
A homestead exemption may protect a property from
A. Mechanic's liens
B. Property taxes
C. Judgement liens
D. HOA fees
What is C. Judgements liens?