Level 5

A one-year lease on a house has expired, but the tenant continues sending monthly rent checks to the owner, and the owner accepts them. What kind of leasehold estate exists?

Estate form period to period

Which of the following is a freehold tenant?

The owner of a freehold estate

How is a conventional life estate created?

a fee simple owner grants the life estate to a life tenant

if the duration of an owner's rights in an estate cannot be determined, the owner possesses

a freehold estate

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

Homestead, a dower and curtesy, and elective share are examples of

a legal life estate

Homestead, dower and curtsey, and elective share are examples of

a legal life estate

Which of the following is an illustration of the legal concept of elective share?

a widow who was excluded from a will makes a claim to a portion of the couple's principal residence

Dower refers to

a wife's life estate interest in her husband's property

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

an interest in real estate that includes the right to possess is considered

an estate in land

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

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

States that do not have dower and curtesy usually have either community property laws or

elective share

Encumbrances and police powers are

interests that do not include possession

An interest in real estate is best defined as ownership of

one or more of the bundle of rights to real property

An estate at will

terminates on the death of lessor or lessee

The distinguishing feature of a defeasible fee simple estate is that

the estate may revert to a grantor or heirs in the prescribed use changes

Upon the death of the owner, a life estate passes to

the original owner or other named person

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

the tenant makes, and landlord accepts, regular rent payments