Property Ownership

Under current California law, how many days do landlords have to return the unused portion of a security deposit? - 21 days - 14 days - 3 days - 7 days

- 21 days

After a contractor has filed a mechanic's lien, he may enforce it by filing suit within what time period? - 90 days - 120 days - 6 months - 1 month

- 90 days

Which of the following is not required for obtaining an easement by prescription? - A confrontation with the owner - Open notorious use which is continuous for five years - A hostile use which is adverse to the true owner - Having some claim of right

- A confrontation with the owner

Which of the following statements concerning a life estate is false? - All conveyances for a life estate have to be in writing to be enforceable. - A person holding a life estate does not have fee title. - A life estate can never extend beyond the life of the life tenant. - A life estate can be a freehold estate.

- A life estate can never extend beyond the life of the life tenant. Background: it's for the duration of the kings life. if the kings alive and you die, you can still keep the estate?

The Easton vs. Strassburger case helped define a broker's duty to disclose material facts to a potential buyer. Which of the following best describes the disclosure required? - A list of obvious property defects and any functional obsolescence - An advisement to obtain a professional property inspection - A list of property defects that are known or should be known - A statement that the property is being sold "as is"

- A list of property defects that are known or should be known ("Easton VS. Strassburger" gave rise to the law requiring the seller and agent to make full disclosure of the condition of the property.)

Mr. and Mrs. Winters hired the Superb Construction Company to install a swimming pool on their residential premises. In the event the construction company was unpaid and it was necessary for them to file a lien for payment of the contract, the encumbrance created would be: - A general lien; - An injuction; - A specific lien; - A conjunction;

- A specific lien;

Which of the following statements concerning deed restrictions is correct? - A covenant includes conditions and equitable servitudes. - A violation of a condition can result in forfeiture of title to real property. - Private restrictions must be for public health, safety, and general welfare. - Covenants are more restrictive and costly for the owner than conditions.

- A violation of a condition can result in forfeiture of title to real property.

When something is taxed based on its value. - AD VALOREM - TAX SHELTER - QUIET TITLE ACTION - IMPOUNDING

- AD VALOREM

Which of the following is considered real property? - Land and buildings - All of the other options are correct - Easements that convey rights-of-way over adjoining land - Artificial items which are immovable by law

- All of the other options are correct

A family rents a vacation home from July 5, 2005 to January 1, 2006. Their tenancy would properly be classified as: - Month-to-month - An estate for years - A periodic tenancy - A fee simple estate

- An estate for years Periodic tenancy, which is also known as an estate from years to years, is a tenancy that is not bound to a lease with a fixed period like an estate for years. A periodic tenancy follows a period such as month-to-month, week-to-week, or year to year. Proper notice must be given to terminate this lease.

A fee simple estate is: - A leasehold estate - A estate for years - An estate of inheritance - A less-than-freehold estate

- An estate of inheritance Keyboard: rent, leasehold, estate of years, less than freehold. all these are Rents, use process of elimination # Types of freehold estates: 1. Fee simple absolute 2. Fee simple defeasible 3. Life estate # Types of leasehold estate (1) estate for years, (2) estate from period to period, (3) estate at will, and (4) estate at sufferance. # A freehold estate is an estate in which you have exclusive rights to enjoy the possession of a property for an undefined length of time. Fee simple absolute is the greatest interest in a parcel of land that one can possibly own. # In contrast, a less than freehold estate is held for a fixed, defined period. aka leasehold estate, ie held by one who rents or leases property.

Real property includes which of the following? - Appurtenances, rights belonging to the land, and trade fixtures. - Appurtenances, rights that belong to the land, and all personal property. - Appurtenances, rights that belong to the land, and harvested crops. - Appurtenances, rights that belong to the land, and attached personal property.

- Appurtenances, rights that belong to the land, and attached personal property.

Evidence of a title being passed from a grantor to a grantee - TITLE - DEED - VARIANCE - A WRIT OF EXECUTION

- DEED

A subdivision is defined under the California Real Estate Law as land which is: - Divided for purposes of sale, lease or financing into five or more parcels - Surveyed - Improved - Planned for residential purposes

- Divided for purposes of sale, lease or financing into five or more parcels

Another name for an estate of inheritance is: - Estate at sufferance; - Fee simple Estate - Probate estate; - Fee simple defensible;

- Fee simple Estate

Less-than-freehold estates consist of estates held by: - Optionees - Lessees; - Trustees - Grantees

- Lessees; In a lease agreement, the lessee is defined as the party that pays for the use of the asset or property. The lessor is the party that receives payments from the lessee in exchange for the usage of its asset or property.

In negotiating a sale, a buyer wanted an attached basketball hoop to be included in the sale but did not want to pay extra for it. Which would BEST accomplish this? - Write up a bill of sale for the basketball hoop. - Arrange for the basketball hoop to be used as security for the loan. - Make an oral agreement on the side for the transfer of the basketball hoop. - List the basketball hoop as a fixture in the purchase contract.

- List the basketball hoop as a fixture in the purchase contract. . Keywords chattel - personal property fixture - personal property attached to real property Trade fixture - think "business", "commericial"

An estate in real property: - May exist along with other estates in the same property. - Can come into being only through a grant. - Must only carry the right to immediate possession. - Will always run on into perpetuity.

- May exist along with other estates in the same property.

The difference between judgment liens and mechanic's liens is: - Mechanic's liens may take priority earlier than the date they are recorded; - Judgment liens are not enforceable until recorded; - Judgment liens are involuntary liens; - Mechanic's liens are created by statute.

- Mechanic's liens may take priority earlier than the date they are recorded;

Lucille hired agent Bill to find a buyer of a property for her house. Both parties, after fully understanding the implications and ramifications of the contract, signed an exclusive agency listing contract. Lucille had been talking to her sister about buying the house long before she met agent Bill. Her sister then bought the house after Lucille had signed the contract with agent Bill. Bill is legally entitled to: - Full commission - Reimbursement of his expenses - One-half commission - No commission

- No commission

Which of the following would be paid before any homestead exemption is applied? - none of the other options are correct - Property taxes. - Property taxes, a deed of trust and any mechanics' liens. - A deed of trust and any mechanics' liens.

- Property taxes, a deed of trust and any mechanics' liens.

Zoning ordinances control the use of privately owned land in several ways. Which of the following ways is NOT a zoning control? - Regulation land-use - Restrictive height of buildings - Providing for control of rentals - Restricting the area in which a building may occupy

- Providing for control of rentals

Ownership rights and interests in real property are determined in a: - Judgment lien - Quiet title action - Suit for Specific performance - Civil Action Suit

- Quiet title action (An action to quiet title is a lawsuit brought in a court having jurisdiction over land disputes, in order to establish a party's title to real property against anyone and everyone, and thus "quiet" any challenges or claims to the title. This legal action is "brought to remove a cloud on the title so that plaintiff and those in privity with her may forever be free of claims against the property.)

Which of the following would be defined as a fixture in the law: - A built-in stove in a mobile home - Something incorporated into the land - Area rugs in a home - Crops after harvest

- Something incorporated into the land (Fixtures: objects attached to real property or incorporated into the land which are now considered real property; in determining whether or not an item of Personal Property has become a Fixture.) Keywords chattel - personal property fixture - personal property attached to real property Trade fixture - think "business", "commericial" Personal property - harvest crops

Who usually has responsibility for providing streets, utilities, sidewalks, and curbs in a new subdivision? - The city. - The local office of building and safety. - The county. - The builder/developer.

- The builder/developer.

If the owner of the dominant tenement becomes the owner of the servient tenement and merges the two properties, what happens? - The easement is unaffected. - The easement becomes dormant. - The properties retain their former status. - The easement is terminated.

- The easement is terminated.

In the city of Los Altos the local building code conflicts with the uniform building code. Which code would take precedence? - Which ever one is incorporated - The local building code would prevail - The uniform building code would prevail - The one that imposes the higher standard

- The one that imposes the higher standard

An owner's "bundle of rights" is best described as to which of the following? - The right of ownership including air rights, adjacent support, and mineral rights below the surface. - None of the other answers are correct. - The right to build using the zoning laws when the property was purchased, not current zoning laws. - The right to build a structure to whatever height is necessary for the use and purpose of the building.

- The right of ownership including air rights, adjacent support, and mineral rights below the surface.

Broker Carr, with ABC Real Estate Company, listed the property with a seller. Broker Smith, with XYZ Real Estate Company, called Broker Carr, and disclosed that he was a Buyer Agent. Broker Smith wrote a contract with a buyer for the sale of the property. What, if any, is the relationship between the buyer's broker, the seller and the listing broker? - customer - There is not a relationship between the parties. Broker Carr represents the Seller and Broker Smith represents the Buyer. - dual agency - agency

- There is not a relationship between the parties. Broker Carr represents the Seller and Broker Smith represents the Buyer.

The four unities of joint tenancy are: - Time, Title, Interest, and Possession - Time, Possession, Liability, and Interest - Time, Interest, Possession, and Liability - Title, Interest, Possession, and Ability

- Time, Title, Interest, and Possession

When real property is held by husband and wife as community property, an agreement to sell that property, which has been signed by only one spouse, would be considered: - A violation of the Statute of Frauds. - Unenforceable; - Illegal; - Binding;

- Unenforceable;

Mary owns one parcel of land and is trying to show that exceptional circumstances exist which justify using the land in a way which is prohibited by current zoning laws. Her intended use would not be detrimental to the public. She would probably petition the planning commission for a: - Building permit - Rezoning agreement - Variance - Redevelopment permit

- Variance

Private restrictions on real property can be written either as a condition or a covenant. Which of the following is most correct concerning such restrictions? - Violation of covenants can result in penalties which are more severe, and can result in loss of money only - Violations of such penalties are a criminal offense - Violation of a condition can result in penalties which are more severe, and can result in loss of title - All of the other options are correct

- Violation of a condition can result in penalties which are more severe, and can result in loss of title

All of the following statements are true about zoning EXCEPT: - Violations of zoning ordinances may render title unmarketable. - Zoning is retroactive. - Zoning laws are generally enforced through building permits. - Zoning laws are concerned with protecting property values.

- Zoning is retroactive.

If I have a permanent right to cross your land to get to my house, my property is/has: - a injunction - a easement in gross. - a dominant tenement. - a servient tenement.

- a dominant tenement.

Stephen signs a lease whereby he has to pay the property taxes on the rental property, this is called: - a gross lease. - a net lease. - a percentage lease. - an sandwich lease.

- a net lease.

The system of ownership of real property in the United States is what? - allodial - inchoate - incorporeal - feudal

- allodial

Ginny owns 50 acres of land with 500 feet of frontage on a desirable recreational lake. She wishes to subdivide the parcel into salable lots, but she wants to retain control over the lake frontage while allowing lot owners to have access to the lake. Which of the following types of access rights would provide the greatest protection for a prospective purchaser? - a license - an easement in gross - an easement by necessity - an appurtenant easement

- an appurtenant easement

All of the following may properly be considered items of personal property EXCEPT - an installed gas hot water heater. - a portable electric space heater. - a television set connected to a cable outlet. - an electric dryer.

- an installed gas hot water heater.

The technical definition of real property includes: - the right to possess and use to the exclusion of others. - method of acquisition. - anything immovable by law. - chattel real.

- anything immovable by law.

Usefulness of the cost approach would be limited when: - appraising for proposed construction. - there exists an unusually inactive real estate market. - an appraiser is appraising a new structure appropriate to its site and use. - appraising an old structure with many functional deficiencies.

- appraising an old structure with many functional deficiencies.

Vivian wants to fence the yard for her dog. When the fence is erected, the fencing materials are converted to real estate by their method of: - subrogation. - attachment. - severance. - adaptation.

- attachment.

An individual sold her house and moved into a cooperative apartment. Under the cooperative form of ownership, the individual will: - have to take out a new mortgage loan on her unit. - not lose her apartment if she pays her share of the expenses. - receive a fixed-term lease for her unit. - become a shareholder in the corporation.

- become a shareholder in the corporation. Keyword: shareholder cooperative

The process under eminent domain by which property is taken for public use is - abstract of judgment. - lis pendens. - condemnation. - judgment.

- condemnation. 1) Whereas eminent domain involves the taking of property for public use, the police powerinvolves regulating the use of property to prevent harm to the public interest. 2) keywords "change the use of a property for planning purpose" - that's zoning, and zoning is example of police power. keyword: condemnation, public use, that's Eminent domain. 3) under eminent domain, there must be payment of just compensation, Under police power (such as zoning) does not require compensation

When owners of real property hold title as tenants in common: - the one who lives the longest winds up as the sole owner. - all co-owners must own an equal interest in the property. - the individual owners give up their right to will their interest in the property. - each of the co-owners' interest may be conveyed separately.

- each of the co-owners' interest may be conveyed separately. (A tenancy in common is formed as the result of two or more persons owning an undivided interest in the property. Unity of possession is the only unity required for a tenancy in common. There is no automatic right of survivorship for tenants in common, so they may bequeath their ownership interest to their heirs by will.)

A development company owned property that the city wanted so that it could extend the runways at the municipal airport. If the company refuses to negotiate with the city, then the city may acquire the property by: - confiscation. - escheat. - eminent domain. - desent and distribution.

- eminent domain. 1) Whereas eminent domain involves the taking of property for public use, the police powerinvolves regulating the use of property to prevent harm to the public interest. 2) keywords "change the use of a property for planning purpose" - that's zoning, and zoning is example of police power. keyword: condemnation, public use, that's Eminent domain. 3) under eminent domain, there must be payment of just compensation, Under police power (such as zoning) does not require compensation

A portion of Sarah's building was inadvertently built on Jackson's land. This is called an: - easement. - accretion. - encroachment. - avulsion.

- encroachment.

The major intent of zoning regulations is to: - protect residential neighborhoods from encroachment by business and industry. - ensure the health, safety and welfare of the community. - set limits on the amount and kinds of businesses in a given area. - demonstrate the police power of the state.

- ensure the health, safety and welfare of the community.

Stephen leased a residence for a six-month term and, upon expiration of the lease, retained possession of the property without the consent of the landlord. Stephen now holds an: - estate at sufferance. - estate at will. - estate from period to period. - estate for years.

- estate at sufferance.

A possessory right or ownership interest in real estate is called an - estate. - ad valorem. - affidavit. - abstract of title.

- estate.

A person who has complete control over a parcel of real estate is said to own a: - leasehold estate. - defeasible fee estate. - life estate. - fee simple estate.

- fee simple estate.

When subdividers evaluate the topography of land, - topography is not a concern. - hillside topography property is less desirable than flat mainstream property. - hillside topography is least considered. - hillside topography is highly considered.

- hillside topography property is less desirable than flat mainstream property.

The most important test of a fixture is: - method of attachment. - cost of installation. - adaptability of the item. - intention of the parties.

- intention of the parties.

A woman conveys ownership of an office building to a nursing home. The nursing home agrees that the rental income will pay for the expenses of caring for the woman's parents. When the woman's parents die, ownership of the office building will revert to the woman. The estate held by the nursing home is a - legal life estate. - temporary leasehold estate. - life estate pur autre vie. - remainder life estate.

- life estate pur autre vie. (pur autre vie is French for "for another['s] life") is a duration of a property interest. While it is similar to a life estate, it differs in that a person's life interest will last for the life of another person instead of their own.)

An easement appurtenant - cannot be terminated. - will be terminated if abandoned by the servient tenement. - may be terminated by the servient tenement. - may be terminated by the dominant tenement.

- may be terminated by the dominant tenement.

Against a recorded deed from the owner of record, the party with the weakest position is a - person with a prior unrecorded deed who is not in possession. - person in possession with a prior unrecorded deed. - painter who is half-finished painting the house at the time of the sale and who has not yet been paid. - tenant in possession with nine months remaining on the lease.

- person with a prior unrecorded deed who is not in possession.

The government's right to make laws and regulations for the general welfare of the public is known as: - the bundle of rights. - eminent domain. - escheat. - police power.

- police power. 1) Whereas eminent domain involves the taking of property for public use, the police power involves regulating the use of property to prevent harm to the public interest. 2) keywords "change the use of a property for planning purpose" - that's zoning, and zoning is example of police power. also 'regulation' keyword: condemnation, public use, that's Eminent domain. 3) under eminent domain, there must be payment of just compensation, Under police power (such as zoning) does not require compensation

Title held by a husband and wife may include all of the following forms of ownership EXCEPT: - tenancy in common. - tenancy by the entireties. - joint tenancy. - severalty.

- severalty.

The best way to test for radon gas in a building is with a: - charcoal radon test kit. - short term radon test. - radon water test kit. - spectrometer.

- spectrometer.

A tenant's lease has expired, but the tenant has not vacated the premises or negotiated a renewal lease. The landlord has declared that the tenant is not to remain in the building. This situation is an example of: - tenancy at sufferance. - an estate for years. - tenancy at will. - an estate from year to year.

- tenancy at sufferance.

The form of tenancy that expires on a specific date is a: - tenancy by the entirety. - joint tenancy. - tenancy in common. - tenancy for years.

- tenancy for years.

Many states determine the order of water rights according to which users of the water hold a recorded beneficial use permit. This allocation of water rights is determined by: - littoral theory. - accretion. - riparian theory. - the doctrine of prior appropriation.

- the doctrine of prior appropriation.

A partition suit is used for which of the following? - to force a division of property without all the owners' consents - to allow construction of party walls - determination of party fences - to change a tenancy by entireties to some other form of ownership

- to force a division of property without all the owners' consents Partition suits are typically pursued when a co-owner of a property wants to sell his or her share and the other owners are opposed. Since it is a legal action involving the courts, it is an expense with often unsatisfactory results.

When a judgment is rendered, how long does a creditor have to enforce it? 5 years 20 years 6 months 1 year

20 years

What is the time frame in which a supplier must file a notice in the public record of a mechanic's lien for materials supplied? - 60 days after the material is supplied - 90 days after the work begins - 6 months after the material is supplied - 90 days after the material is supplied

90 days after the material is supplied

The ownership in a condominium is an estate in real property consisting of an undivided interest in common in a portion of the property, and a separate ownership of space. The estate in the defined space is which of the following? - An estate for years. - A fee simple estate with a proprietary lease. - A fee simple estate. - An estate for life.

A fee simple estate.

Mr. and Mrs. Winters hired the Superb Construction Company to install a swimming pool on their residential premises. In the event the construction company was unpaid and it was necessary for them to file a lien for payment of the contract, the encumbrance created would be: A conjunction; An injuction; A specific lien; A general lien;

A specific lien;

Accretion would result in the acquisition of title to real land by which of the following: A person dying intestate The county government following a condemnation action An adverse possessor An owner who acquired land by natural causes

An owner who acquired land by natural causes

What do liens and easements have in common? Both are encumbrances. Both are money claims against the property. Neither can be done without the consent of the owner. Both must be on public record to be valid.

Both are encumbrances.

The deed restrictions on a subdivision said that the lots must contain a minimum of 15,000 square feet. The zoning restrictions said that the lots must contain a minimum of 10,000 square feet. Which would prevail? The one recorded last Deed restrictions Zoning restrictions The one recorded first

Deed restrictions

Following proper action by the authorities, the zoning on a vacant lot was changed from "commercial" to "residential." Such an action is called: Blended zoning Down zoning Spot zoning Retroactive zoning

Down zoning

The condemnation of private property for public use is exercised under which government right? Police power Escheat Eminent domain Taxation

Eminent domain 1) Whereas eminent domain involves the taking of property for public use, the police powerinvolves regulating the use of property to prevent harm to the public interest. 2) keywords "change the use of a property for planning purpose" - that's zoning, and zoning is example of police power. keyword: condemnation, public use, that's Eminent domain. 3) under eminent domain, there must be payment of just compensation, Under police power (such as zoning) does not require compensation

Land that is subject to an easement is said to be: Encumbered Restricted Appurtenant Encroached

Encumbered

Which of the following would be considered personal property? Installed bathtubs Built in dishwasher Trees Harvested crops

Harvested crops

A charge imposed against real property to provide security for the performance of some type of act, usually to provide incentive for, or to satisfy a payment is a : Mortgage Promissory note Lien Deed

Lien

Which of the following represents one of the essentials of a grant deed: Parties capable of receiving the grant Recordation Acknowledgement Offer and acceptance

Parties capable of receiving the grant # The essentials of a grant deed? Identity. clearly identify the party giving up ownership.. Consideration. There must be the presence of consideration. ... Words of conveyance. ... Land description. ... Signature. ... Delivery and acceptance.

To determine ownership, what is the court action taken? - Partition action - Declaratory relief - Quiet title action - None of the other options are correct

Quiet title action keyword: "Court action" or "determine ownership" 1) definition: An action to quiet title is a lawsuit brought in a court having jurisdiction over property disputes, in order to establish a party's title to real property, or personal property having a title, of against anyone and everyone, and thus "quiet" any challenges or claims to the title. 2) A court action to remove a cloud or another claim that has been placed on title to property.

Which of the following could include real property? Leasehold estates Chattel Riparian Rights Leases

Riparian Rights

Which of these terms BEST describes a transaction whereby possession of real estate is transferred to another party without transferring ownership? Sale-leaseback. Riparian right. Assignment Sublease.

Sublease.

Which of these terms BEST describes a transaction whereby possession of real estate is transferred to another party without transferring ownership? Sublease. Assignment Riparian right. Sale-leaseback.

Sublease.

Which of the following is a Freehold estate? - Estate at will - Life estate - Estate for years - Estate at sufferance

Types of freehold estates: 1. Fee simple absolute 2. Fee simple defeasible 3. Life estate # Types of leasehold estate (1) estate for years, (2) estate from period to period, (3) estate at will, and (4) estate at sufferance. # A freehold estate is an estate in which you have exclusive rights to enjoy the possession of a property for an undefined length of time. Fee simple absolute is the greatest interest in a parcel of land that one can possibly own. # In contrast, a less than freehold estate is held for a fixed, defined period. aka leasehold estate, ie held by one who rents or leases property.

A joint tenant can dispose of an interest held in real property by all of the following ways, except: Will Gift Lease Sale

Will

The state wants to acquire a strip of farmland to build a highway. Does the state have the right to acquire privately owned land for public use? - Yes; the state's right is called condemnation. - No; under the U.S. Constitution, state or federal governments may never acquire private property. - Yes; the state's right is called escheat. - Yes; the state's right is called eminent domain.

Yes; the state's right is called eminent domain. 1) Whereas eminent domain involves the taking of property for public use, the police powerinvolves regulating the use of property to prevent harm to the public interest. 2) keywords "change the use of a property for planning purpose" - that's zoning, and zoning is example of police power. keyword: condemnation, public use, that's Eminent domain. 3) under eminent domain, there must be payment of just compensation, Under police power (such as zoning) does not require compensation

When a tenant voluntarily vacates a rented property, with no intention of honoring future obligations on the lease, this is known as: an unlawful detainer. constructive eviction. a notice to quit. abandonment.

abandonment.

Homeowner Ruth acquired the ownership of land that was deposited by a river running through her property by: - avulsion. - accretion. - succession. - reliction.

accretion - Latin accretion "an increasing, a growing larger" - Latin avulsion avellere, meaning "to tear off").

A tenancy in common requires which of the following: an arrangement for possession. divided interest. equal interest. husband and wife.

an arrangement for possession.

A nonpossessory interest in real property is also called a leasehold estate. a license. an encumbrance. a servient tenement.

an encumbrance.

A claim or liability attached to a property is called: - a buyer's claim. - a lien. - an encumbrance. - an easement.

an encumbrance. - ENCUMBRANCE, INCUMBRANCE A claim, lien, charge, or liability attached to and binding real property. Any right to, or interest in, land which may exist in one other than the owner, but which will not prevent the transfer of fee title. - LIEN An encumbrance against property for money, either voluntary or involuntary. All liens are encumbrances but all encumbrances are not liens.

The insects that are considered to be the most destructive to wood are: Butterflys dry-wood termites. wood beetles. silverfish.

dry-wood termites.

What does the term "short rate" refer to? homeowner's insurance loan interest rate stock portfolios real property taxes

homeowner's insurance

Under the terms of a net lease, a commercial tenant usually would be responsible for paying mortgage interest expense. Lenders fees income tax payments. real estate taxes.

real estate taxes.

All of the following are examples of police power EXCEPT: city planning requirements. building codes. zoning ordinances. restrictive covenants.

restrictive covenants.

The remnant of an estate that the grantor holds after he has granted a life estate to another person, if the estate will return to the grantor, is called: reversionary factor. reversion. reverse leverage. remainder estate.

reversion. 1) REVERSION - The right to possession of the residue of an estate in a grantor or successors of a grantor or testator, commencing upon the termination of a particular estate, granted or devised. Example: A grants to B for life, then back to A upon B's death. A has an estate in reversion. 2) Latin reversionem (nominative reversio) "act of turning back"

An easement cannot be revoked by the holder of the: Dominant tenement servient tenement Anybody can revoke the easement at any time. the party benefiting from the easement.

servient tenement

Your neighbors use your driveway to reach their garage on their property. Your attorney explains that the ownership of the neighbors' real estate includes an easement appurtenant giving them the driveway right. Your property is the: dominant tenement leasehold interest license property servient tenement

servient tenement

Real property can become personal property by the process called: hypothecation. attachment. accretion. severance.

severance. (Severance is changing an item of real estate to personal property by detaching it from the land- for example, cutting down a tree.)

A tenant's lease has expired, but the tenant has not vacated the premises or negotiated a renewal lease. The landlord has declared that the tenant is not to remain in the building. This situation is an example of: an estate from year to year. tenancy at sufferance. tenancy at will. an estate for years.

tenancy at sufferance.

The form of tenancy that expires on a specific date is a: tenancy in common. tenancy for years. joint tenancy. tenancy by the entirety.

tenancy for years.

An ownership interest that permits multiple purchasers to buy interests in the same piece of real estate is a - time-share. - leasehold. - condominium. - cooperative.

time-share.

Which of the following is considered personal property? growing trees physical improvements trust deed / mortgage land

trust deed / mortgage