Property Rights
This term refers to the complete bundle of rights associated with owning real property.
What are the Bundle of Legal Rights?
Ownership by spouses that includes the right of survivorship and protection against individual debts.
What is Tenancy by the Entirety?
Tenant is evicted after lease ends but stays anyway.
What is Estate at Sufferance?
I manage property for someone else
What is a Trustee?
I give someone full ownership with zero restrictions
What is Fee Simple Absolute?
Rights to use the open space above a property.
Co‑ownership with no right of survivorship and possibly unequal shares.
What is Tenancy in Common?
A one‑year lease ends automatically on August 31.
What is Estate for Years?
Three owners can own different percentages but use the whole property.
What is Tenancy In Common?
I let you keep the property ONLY if you follow a specific rule. Break it, and we go to court
What is Fee on Condition?
Ownership of land and everything permanently attached to it.
What is Real Estate?
This term is used to describe someone's interest in a property when future ownership goes back to someone else after death.
What is Remainderman?
A tenant who remains in the property after the lease ends without the landlord’s permission.
What is a Holdover Tenant?
I allow someone to live on a property only for the length of one person’s lifetime.
What is Life Estate?
I am ownership by just one person
What is Severalty?
Rights of landowners whose property borders non‑navigable water.
What is Riparian Rights?
The owner regains property at the end of a life estate through this future interest
What is Reversion?
I renew month-to-month or year-to-year until notice is given.
What is Periodic Estate?
I am created while the owner is alive.
What is a Living Trust?
I require PITT
What is Joint Tenancy?
The term used regarding crops planted on a property.
What are emblements?
This type of ownership requires the owner to maintain the property a certain way, if they do not, it reverts back to the original owner.
What is Qualified Fee Estate?
I have no set end date; stay as long as landlord allows.
What is Estate at Will?
I only come into existence after the owner dies.
What is a Testamentary Trust?
Courts use me to divide or sell property when owners disagree.
What is Partition?