Chapter 3 - Interests & Estates
Which of the following is true of a homestead?
A homestead interest cannot be conveyed by one spouse.
What distinguishes a freehold estate from a leasehold estate?
A leasehold endures only for a specific period of time.
Bob grants his sister Mary an estate for as long as she lives, but her heirs cannot inherit the estate. What kind of estate is it?
An ordinary life estate.
Which of the following is a freehold tenant?
The owner of a freehold estate.
What distinguishes a pur autre vie life estate from an ordinary life estate?
The pur autre vie estate endures only for the lifetime of a person other than the grantee.
Which of the following rights is conveyed with a leasehold estate?
The right to possess and use the premises.
Homestead, dower and curtesy, and elective share are examples of
a legal life estate
The right to zone land and the right to acquire ownership of land by eminent domain are both examples of
a public interest.
Dower refers to
a wife's life estate interest in her husband's property.
The highest form of ownership interest one can acquire in real estate is the
absolute fee simple estate.
If a tenant occupies a leased property without the consent of the landlord after a lease expires, the type of estate that results is called
an estate at sufferance.
To convey clear title in a dower and curtesy state,
both spouses must sign the conveyance.
The distinguishing feature of a leasehold estate is
duration limited by a lease term.
Encumbrances and police powers are
interests that do not include possession.
An estate at will
terminates on the death of lessor or lessee.
