Exam 48: Real Property

Bob and Ray own a vacation home as joint tenants with each having 50 percent ownership.Ray then sells his 50 percent to Steven without Bob's knowledge.Two weeks later Steven dies unexpectedly.Which of the following is true?

A relatively short-term grant of permission to be on the land of another that can be revoked freely at any time is a(n):

Roger owned a piece of land.He moved a mobile home onto this land.The home was set on a concrete slab.The wheels and axles were removed from it,and it was tied down to the slab with wires.The home was hooked up to the city sewer and power lines.The value of the mobile home was about $10,000 and the value of the land was about $5,000.Later,Roger sold the land to Joy for $15,000.Roger now claims that the mobile home is personal property that does not go with the land.Joy claims that the mobile home is now a fixture.The mobile home could be removed from the land,but it would cause significant damage to the home.Describe the factors in general that are used to determine when personal property becomes a fixture to realty and apply those factors to determine whether the mobile home is a fixture in this case.

If a conveyance of property to three concurrent owners is unclear as to the type of concurrent interest created,most courts would treat it as a:

An easement in gross occurs where the servient and dominant estates are adjacent.

A deed must be recorded in order to:

Tom rents a furnished apartment from Linda.They have no written lease but Tom figures he'll be in this apartment a while,so he buys a new chair,hangs a mirror on the wall (on an existing nail)in the living room,and installs a new vanity and sink combination in the bathroom.Later,he moves out and wants to take all these items with him.Which of the following is true?

Sean is walking home from school one day,notices a loose brick in the neighbor's house,and removes it,luckily not causing the house to fall down.When he walks into his house,Sean's mother asks Sean,"What kind of property is that in your hand?" Which would be a correct response?

Which of the following elements is the most important in determining whether personal property has become a fixture?

One who owns property can bring a quiet title action to force noisy neighbors to allow the landowner the quiet enjoyment of her land.

The United States generally does not put restrictions on the ability of foreigners to own United States real estate whereas many other nations do.Should the United States impose such restrictions? If so,what kinds of restrictions?

If a grantor creates a life estate in another person but does not indicate what will happen upon the termination of the life estate,the grantor holds a reversion.

A quitclaim deed provides the most amount of protection because only the grantor's interest is conveyed.

Unit owners have real estate title to their individual units in:

In a cooperative,an owner owns shares in a corporation that owns the entire building.

What is the main purpose of tenancy by the entirety?

A quiet title action helps to determine an individual's ownership rights in a parcel of real property.

A chronological history of the chain of title and encumbrances affecting a parcel of real property is known as:

Sean decides to purchase some property in 50/50 ownership with one of the guys at work.They plan to build a vacation home on it.Sean wants to make sure that if he dies his wife and kids will get his share of the property.Sean and his friend should own the property as:

Bob purchased a home the contract for which contained a clause that said,"This sale does not include any personal property or fixtures." Bob noticed the provision when he signed the contract to purchase the house but did not worry about it because he had heard that fixtures were always included in a sale of real estate.When Bob moved in he was surprised to find that the refrigerator,a bathroom vanity,and the hardwood floor from the living room had been removed.In addition,two trees had been removed from the back yard.Discuss Bob's legal rights.