Exam 48: Real Property

If an owner of real property fails to pay property taxes,the government can obtain a lien on the property for the amount of the taxes.

________ is a title to real property that is free from any encumbrances or other defects that are not disclosed but would affect the value of the property.

A(n)________ is issued by the courts to the rightful owner following the Torrens method of determining title to the real property.

________ are an example of real property.

If a person owns real property in fee simple,his or her ownership is limited in duration.

The difference between a qualified fee ownership and a fee simple ownership is that a qualified fee ownership can be ________.

If a party to a tenancy in common sells his or her interest in the property,the tenancy in common becomes a tenancy by entirety.

A ticket to a movie theater or sporting event is an example of a license.

If a person owns real property in fee simple,his or her ownership has no limitation on inheritability.

What is a general warranty deed?

The person who is given a life estate is called the life tenant.

Which of the following is a form of co-ownership that disallows the right of survivorship and allows unilateral transfer of interest?

A deceased joint tenant's will is effective over the right to survivorship.

A life tenant is treated as the owner of the property even after the duration of the life estate.

What are surface rights in real property?

When does a joint tenancy become a tenancy in common?

A(n)________ grants the owner all the incidents of a fee simple absolute except that ownership may be taken away if a specified condition occurs or does not occur.

Give an account of concurrent ownerships in a multiple-dwelling building.

Recording a deed gives constructive notice to the world of the owner's interest in the property.

Which of the following forms of co-ownership of real property applies only to married couples?