4. Quiz

which of the following acronyms can be used to describe the powers the government possesses over real property?

PETE

a right acquired by one party to use the land of another party for a special purpose is referred to as a?

easement

this type of easement exists when a landowner has no access to roads and is landlocked?

easement by necessity

utility companies typically hold what type of easement?

easement in gross

after a fee simple determinable estate ends, the interest in the property reverts back to the?

grantor

there are two primary types of estate in land, freehold estates and?

leasehold estates

which of the following may impact an owner's interest in a property?

liens easements encumbrance

a freehold estate created for the duration of the life or lives of certain named persons is known as a?

life estate

which of the following is an example of a voluntary lien?

mortgage lien

which of the following is an example of an involuntary lien?

tax lien mechanic's lien judgment lien