Chapter 7: Interests in Real Estate

How long does an original grantor conditions continue to be enforceable by the right of reversion

40 years

A deed conveys ownership to the grantee so long as the existing building is not torn down. What type of estate did this deed create?

A determinable fee estate

A Person wants to ensure that the ownership of real property can be willed to her children. which of the following forms of ownership would that person want?

A fee estate

A person who acquired ownership that can be inherited, with the provision that the land must always be used for recreational purposes, has which of the following?

A fee simple determinable estate

Which of the following best describes a legal life estate?

A homestead estate

G owns land by a recreational lake, she wishes to subdivide the land into salable lots, while still she wants control to the lake frontage but also allowing the lot owners to have access to the lake. Which type of rights would provided the greatest amount of protection for a prospective purchaser

An appurtenant easement

Which of the following is NOT associated with life estates?

Condition subsequent

J and S are next door neighbors, S tells J that he can store his camper in her yard for a few weeks until she needs the space. S did not charge J rent for the use of her yard. S has given J an

License

Mrs. D conveys that ownership of her apartment to a nursing home, anticipating that the rental income will help pay for her fathers care there, when her father dies, Mrs. D will recapture the ownership of the apartment building this is an example of a

Life estate pur autre vie

L convey the ownership of his house to his mother and stipulates that upon her death he will recapture the ownership, the interest L has in the ownership is a

Revision Estate

A lot is encumbered by a sewer easement that runs where the foundation of the building would be. How will this affect the owner who wants to build a house?

The house must be constructed to avoid the easement

The owner attached a garage door opener to her house, several years later, when she listed her property, she instructed the agent that she intended to take the garage door opener with her when she moved. Can she do this?

Yes, the act would be known as serverance and is permissible as long as it is stipulated in the sales contract

A decedent left a will giving his neighbor the right to use a well on a decedent's land as long as the neighbor was alive. the neighbor's interest in the property is properly called

a life estate

The process by which the government can take ownership of a building that has deteriorated, with bricks falling on a public sidewalk

condemnation

A homestead exemption ports against judgments

of unsecured creditors

The local utility company dug up F garden to install a natural gas line. the company claimed it had a valid easement and proved it by the country records. F claimed the easement was not valid because he did not know about it, the easement

was valid even though the owner did not know about it