Charles Barnes section 1 test

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

Tenancy in severalty

A fee or life estate is held by an individual. This form of estate is referred to as a(an)

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?

Fee Simple Defeasible

A 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?

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)

an estate in land

A real property interest that includes the right to possess is considered

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

An estate at sufferance

A tenant continues to occupy an apartment after lease expiration without the consent of the landlord. This type of estate is called

sell or transfer his interest without the consent of the other tenants in common

A tenant in common can

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?

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?

terminates on the death of lessor or lessee.

An estate at will

the tenant makes, and landlord accepts, regular rent payments.

An estate from period-to-period will continue as long as

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

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

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

a legal life estate

Homestead estates are examples of

sue to extinguish the tenancy and partition the property

If 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

Freehold Estate

If the duration of an owner's rights in an estate is not determinable, the owner has

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?

the corporate entity of the cooperative association.

In a cooperative, real property is owned only by

undivided interests in the property as tenants in common

In a time-share freehold, owners acquire

there is a single title to the property.

In contrast to a tenancy in common, in a joint tenancy

The right to possess and use the premises.

Katelyn rents an apartment for one year. What rights has she acquired under the leasehold

Navigable lakes, seas, and oceans

Littoral rights apply to which of the following?

The boat, house, and motorcycle

Louis 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?

An ordinary life estate

Ned 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?

Streams and rivers.

Riparian rights concern which of the following bodies of water?

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

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

enjoyed by the owner of a property.

The "bundle of rights" refers to a set of rights

Parties must acquire respective interests at the same time

The "four unities" required to create a joint tenancy include which of the following conditions?

ownership of an interest by a tenant.

The distinguishing feature of a leasehold estate is

a public interest

The right to control land usage by zoning and eminent domain is an example of

pledge the property as collateral for debt.

The right to encumber a property means that the owner can

Fifty percent of the physical house and the land it rests on

Two people own a house, each having an undivided equal interest. Which of the following best describes what each party owns?

If they are married

Under what conditions can two individuals own a property as tenants by the entireties?

It passes to the surviving joint tenants.

When a joint tenant dies, what happens to the tenant's interest in the estate?

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?

The trustee

When an estate is held in a trust, which party holds legal title?

An item of personal property that has been converted to real property.

Which of the following best describes a "fixture?"

Any movable property owned by an individual, partnership, or corporation

Which of the following best describes the legal concept of personal property?

The surface of the earth and infinite space above the surface

Which of the following best describes the physical boundaries of land?

A cooperative may hold an owner liable for the unpaid operating expenses of other tenants

Which of the following is true of a cooperative?

A homestead interest cannot be conveyed by one spouse

Which of the following is true of a homestead?

The tenants have an equal and indivisible ownership interest.

Which of the following is true of a joint tenancy?

The owners enjoy an indivisible interest.

Which of the following is true of a tenancy in common?

A chicken coop permanently attached to land.

Which of the following would be considered an improvement?

Wells, driveways, and signs on a parcel of land

Which of the following would be defined as real estate as opposed to real property?

Legal Life Estate

which of the following life estates is created by operation of law rather than by the owner?