Charles Barnes section 1 test Flashcards

Charles Barnes section 1 test Flashcards Estate from period to period.A tenant without a lease has been sending the landlord monthly rent checks, and the landlord continues to accept the payments. What kind of leasehold estate exists?An estate at sufferanceA tenant continues to occupy an apartment after lease expiration without the consent of the landlord. This type of estate is called The boat, house, and motorcycleLouis owned a boat and a house before marrying Barbara.While she was single, Barbara owned a new car. The two got married and bought a second home. As a wedding present, Barbara's father bought Louis a motorcycle. Under the law of community property, what property can Louis sell without his wife's consent or signature?a public interestThe right to control land usage by zoning and eminent domain is an example of enjoyed by the owner of a property.The "bundle of rights" refers to a set of rights Wells, driveways, and signs on a parcel of land Which of the following would be defined as real estate as opposed to real property?transfer of a portion of the bundle of rights. A property owner leases 60 acres of agricultural land for a renewable period of 5 years. In the context of real estate rights, this lease represents a(n) Yes. The drones infringe on his air rights A homeowner is very upset over a drone that a neighbor flies over his house. He takes his case to court to end this possible violation of rights. Does he have a case, and on what basis?sell her interest to a third party without the consent of Robert.Carissa and Robert acquire a condominium as tenants in common. In this circumstance, Carissa can It passes to the surviving joint tenants. When a joint tenant dies, what happens to the tenant's interest in the estate?the owner intended to remove it after a period of time.An item may be considered personal property as opposed to real property provided that It passes by probate to the deceased tenant's heirs.When a tenant in common dies, what happens to the tenant's interest in the estate?there is a single title to the property. In contrast to a tenancy in common, in a joint tenancy The Buick and the second property.In a community property state, John marries Patricia. Prior to the marriage John owned an SUV. During the marriage, John bought a Buick, John and Patricia bought a second property with money earned from Patricia's job, and each individual received a motorcycle from Patricia's uncle as a gift. What property is community property in this marriage?If they are marriedUnder what conditions can two individuals own a property as tenants by the entireties?

ownership of an interest by a tenant.The distinguishing feature of a leasehold estate is Any movable property owned by an individual, partnership, or corporation Which of the following best describes the legal concept of personal property?a legal life estateHomestead estates are examples of Navigable lakes, seas, and oceansLittoral rights apply to which of the following?the tenant makes, and landlord accepts, regular rent payments.An estate from period-to-period will continue as long as an estate in landA real property interest that includes the right to possess is considered sue to extinguish the tenancy and partition the propertyIf a co-owner in a joint tenancy or tenancy in common wants to dispose of his or her interest against the wishes of the other co-owners, the co-owner can sell or transfer his interest without the consent of the other tenants in common A tenant in common can shares in a corporation or association and a proprietary lease in a physical unit.By contrast to a condominium, the owner of a cooperative owns Freehold EstateIf the duration of an owner's rights in an estate is not determinable, the owner has An item of personal property that has been converted to real property.Which of the following best describes a "fixture?" the corporate entity of the cooperative association.In a cooperative, real property is owned only by A chicken coop permanently attached to land. Which of the following would be considered an improvement?Parties must acquire respective interests at the same timeThe "four unities" required to create a joint tenancy include which of the following conditions?sell or mortgage the unit without impediment from individual owners of neighboring units.Tanya buys a 4-bedroom condominium. As the new owner, she has the right to tenancy in common.Six people have identical rights in a property and enjoy an indivisible interest. However any of the owners may sell or transfer his/her interest without consent of the others. This form of ownership is a undivided interests in the property as tenants in commonIn a time-share freehold, owners acquire The trusteeWhen an estate is held in a trust, which party holds legal title?The right to possess and use the premises. Katelyn rents an apartment for one year. What rights has she acquired under the leasehold terminates on the death of lessor or lessee. An estate at will A homestead interest cannot be conveyed by one spouseWhich of the following is true of a homestead?the unit's pro rata share of the property value as defined in the declaration.A condominium owner's share of maintenance and operations expenses are based on the high water mark of the body of water at the shoreline.A retired couple has just bought a retirement home with a pier on a large lake. In this case the retirees' water rights extend to The owners enjoy an indivisible interest. Which of the following is true of a tenancy in common?

Streams and rivers.Riparian rights concern which of the following bodies of water?pledge the property as collateral for debt. The right to encumber a property means that the owner can Legal Life Estatewhich of the following life estates is created by operation of law rather than by the owner?An ordinary life estateNed grants his sister Alice an estate for as long as she lives. Her descendants, however, cannot inherit the estate.What kind of estate is it?The tenants have an equal and indivisible ownership interest.Which of the following is true of a joint tenancy?Fee Simple DefeasibleA landowner conveys a parcel of property with the provision that the land cannot be developed for retail purposes. The new owner immediately begins to develop a retail shopping outlet, the grantor finds out and takes the property back. What kind of estate did this landowner convey?A cooperative may hold an owner liable for the unpaid operating expenses of other tenants Which of the following is true of a cooperative?The surface of the earth and infinite space above the surface Which of the following best describes the physical boundaries of land?Fifty percent of the physical house and the land it rests onTwo people own a house, each having an undivided equal interest. Which of the following best describes what each party owns?They transfer with the property when the property is sold.A waterfront homeowner has just died. What will become of the water rights the owner enjoyed while living in the home?Tenancy in severaltyA fee or life estate is held by an individual. This form of estate is referred to as a(an)