study guide

Real property differs from personal property in that real property:

Real property is movable while personal property is immovable

In cases involving businesses, where the public enters the business as a part of doing business, the law presumes the property:

Safe for public emission

In general, leases should include which of the following?

The amount of rent to be paid, and a description of the premises being leased

The ownership of property by two or more persons who have an undivided interest in the property but has no right of survivorship is:

tenancy in common

The person or party who holds the legal title to a property in a trust is known as the:

trustee

Real property includes which of the following?

Office buildings, oil, houses

An activity that substantially and unreasonably interferes with the use and enjoyment of someone's land is a:

Private nuisance

Traditionally, personal property was referred to as:

Property in rem

A quitclaim deed is:

a deed of conveyance that passes whatever interests the grantor had in the property

Title recordings provide:

a public record of who owns what and of limitations or claims on titles

If there are "defects" found in a title during a title search the title is said to be:

clouded

The most common way in which to transfer ownership interests in property is through:

deed or title

Which of the following are servitudes?

easement , covenant

The most common form of real property ownership is:

fee simple

Which of the following is NOT real property

furniture

Which of the following is an example of personal property

furniture

If one has the right to occupy a piece of property until their death, at which point title to the property passes to heirs who have been named by the owner of the property, there is a:

life estate

The title to property is:

the formal right of ownership

A real estate development sells houses with a covenant that prohibits the sale to buyers under the age of 55 so as to discourage children from living in the area. The covenant may even prohibit children from being permanent residents of the area; they can come as visitors, but not residents. Is that sort of restriction ethically acceptable? Explain.

they are allowed to set any restrictions as they see fit so yes

A joint tenancy is one in which:

two or more persons have equal interests in the property with rights of joint survivorship