B Law Ch 49

Ownership of subsurface rights includes the right to enter onto the property to remove the underground materials.

True

The airspace above the land is part of the legal concept of real property.

True

The second step in the voluntary transfer of real property is ______, when the deed must be given to the grantee with the intent of transferring ownership to the grantee.

delivery

Which of the following is correct regarding easements, profits, and licenses?

Easements, profits, and licenses do not include the right to possess the property.

A ______ involves co-ownership by married couples.

Tenancy by the entirety

Which of the following is the most common type of co-ownership of real property?

Tenancy in common

A(n) ______ grants exclusive rights to ownership and possession of the land and is what most people refer to when they speak of buying a house or piece of land.

fee simple absolute

A(n) ______ is the most complete estate a person may have.

fee simple absolute

A properly drafted deed must contain any warranties made by the ______ in conjunction with the conveyance.

grantor

A special warranty deed promises only that the ______ has not done anything to lessen the value of the estate.

grantor

One warranty associated with a general warranty deed is that the ______ will provide any additional documents the ______ needs to perfect his or her title to the property.

grantor; grantee

In a divorce, a couple's tenancy by the entirety ownership interest converts to a tenancy:

in common

An easement is a(n) ______ right to use some part of another's land for a specific purpose without taking anything from it.

irrevocable

A(n) ______ is the right to go onto someone's land and take part of the land or a product of it away from the land.

profit

The last step in the voluntary transfer of real property is ______, when the deed should be properly filed.

recording

Zoning commonly restricts the type of use to which land may be put, such as _____, commercial, ______, or agricultural.

residential; industrial

Promises made by property owners to use or not use their land in particular ways are known as:

restrictive covenants

An easement is an irrevocable right to use some part of another's land for a(n) ______ purpose without taking anything from it.

specific

A zoning ordinance is unreasonable if it encroaches on the private property rights of landowners without a ______ relationship to a(n) ______ government purpose such as public health, safety, or welfare.

substantial; legitimate

A(n) ______ is generally granted to prevent undue hardship that would otherwise result from zoning laws.

variance

Permission to use land in a manner prohibited by zoning laws is known as a(n):

variance

Which of the following is correct regarding tenancy in common?

-It gives each co-owner the right to own an unequal share of the property. -It gives each co-owner the right to sell his or her interest without the consent of the others.

With which type of interest in real property is a future interest in an estate most likely to be associated?

-Conditional estate -Life estate

Easement and profits can be transferred by__________ agreement, _________, necessity, implication, or prescription.

-express -inheritance

Easements and profits can be transferred by express agreement, inheritance, ____________, _____________, or ______________ .

-necessity -implication -prescription

Which of the following is an item that was originally a piece of personal property, but became part of the realty after it was permanently attached to the real property in question?

A fixture

Which of the following represents the right to go onto someone's land and take part of the land or a product of it away from the land?

A profit

A landowner's rights to real property relate solely to the surface of the land.

False

Ownership of real property does not extend to mineral rights, since those rights must be purchased separately.

False

Which of the following refers to an item that was originally a piece of personal property, but became part of the realty after it was permanently attached to the real property in question?

Fixture

What kind of deed contains certain warranties or promises by the grantor?

General warranty

___________tenants all own equal shares of the property, and on the death of one, the property is divided equally among the surviving co-owners.

Joint

Which of the following is not a type of co-ownership of real property?

Joint and several tenancy

Which of the following forms of co-ownership of real property recognizes equal ownership, with the property being divided equally among the survivors upon the death of one of the co-owners?

Joint tenancy

Which of the following is not a nonpossessory estate?

Leasehold

Which of the following refers to the temporary and revocable right to use another's property?

License

What kind of estate is granted only for the lifetime of an individual?

Life

Which of the following is not included as part of real property rights?

Personalty rights

What is achieved by filing the deed, including any related documents such as mortgages, with the appropriate county office?

Recording

Which of the following is achieved by filing the deed, including any related documents such as mortgages, with the appropriate county office?

Recording

Which of the following are promises made by property owners to use or not use their land in particular ways?

Restrictive covenants

What type of deed promises only that the grantor has not done anything to lessen the value of the estate?

Special warranty

Which of the following is not a way easements and profits can be transferred?

Subscription

Which of the following is correct regarding water rights?

They are somewhat restricted.

Which of the following allows for the orderly growth and development of a community?

Zoning

Real property rights include ______, mineral/subsurface, and water rights.

airspace

A general warranty deed contains certain warranties or promises by the:

grantor

Types of co-ownership of real property include tenancy in _________, joint tenancy, and tenancy by the entirety

common

With a ______ estate, should a prohibited event occur or a required event fail to occur, the interest will be terminated.

conditional

The owner of a ______ estate possesses the same interest as the owner of a ______ absolute estate, but if a prohibited event occurs or a required event fails to occur, the interest will be terminated.

conditional; fee simple

A properly drafted deed must contain a legally sufficient ______ of the property, including its physical boundaries and any easements.

description

Water rights are the legal ability to use water:

flowing across or underneath the real property

A ______ interest in an estate is a present right to property ownership and possession in the future.

future

One warranty associated with a general warranty deed is that the ______ will not be disturbed by anyone who has a better claim to title of the property.

grantee

From the ______ perspective, the least desirable type of deed is the quitclaim deed.

grantee's

Real property, commonly referred to as realty, is ______ and everything permanently attached to it.

land

A(n) ____________ interest is transferred by a contract known as a lease.

leasehold

A(n) ______ is a temporary and revocable right to use another's property.

license

Trade fixtures are treated as ______ property.

personal

The most common use of restrictive covenants today is in urban developments sometimes called:

planned communities

The holder of a leasehold has a(n) ______, but not a(n) ______, interest.

possessory; ownership

From the grantee's perspective, the least desirable type of deed is the ______ deed.

quitclaim

Regarding realty, a profit affects someone's _____ property rights.

real

Regarding realty, a profit affects someone's ______ property rights.

real

Real property is commonly referred to as:

realty

Trade fixtures are treated as personal property based on the presumption that neither party intended such property to become a permanent part of the:

realty

A zoning ordinance is unreasonable if there is no ______ relationship between the ends to be obtained and the means used to attain them.

reasonable

Mineral rights are known as ______ rights.

subsurface

A ______ involves co-ownership by married couples.

tenancy by the entirety

If the life holder of a life estate neglects or abuses the property, or fails to make necessary repairs such that the property's value diminishes, the future holder can bring a legal action to recover damages for:

waste

Real property rights include airspace, mineral/subsurface, and ______ rights.

water