Exam 49: Interests in Real Property

Bob and his sister, Claudia, can own property by:

A license is generally subject to revocation by the property owner at any time.

A condominium differs from a cooperative in that a tenant in the latter:

Explain what is meant by an implied warranty of habitability and how this doctrine has changed the common law approach with respect to residential leases.

If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.

An easement describes a limited possessory interest in the land.

The concept of waste, as used in real property, includes:

Larry leases his farm to Tom for a period of twenty years.What interest does Larry have in the land?

Which of the following is NOT an example of co-ownership?

If a landlord furnishes heat in the summer in order to force his tenant to move and the tenant does in fact move, a court of law will probably decide that:

Joanne rents a single-family house for one year starting September 1.If the house burns down, the common law requires:

Myra, Elsa, and Ellen are sisters who own 500 acres of land as tenants in common.Discuss the interest each has in the real estate.

A leasehold is like a bailment in that it divides the possessory and ownership interests.

Realty owned concurrently by more than one person can be physically divided into smaller, individually owned parcels by a process known as profit a prendre.

Jack, a landlord, sells his apartment house to Bob, who knows that each of the four apartments is rented.May Bob tell the tenants to vacate and install his own tenants?

The All-Power Gas and Electric Company cleared a right of way across Larry's land and put up a power line, which it has maintained for the past 20 years.Now the company wants to replace the old line with a new one, and Larry has decided he doesn't want them on his land. a.Does the Power Company have a recognizable interest in Larry's land? Explain. b.Can Larry keep them from installing a new line? Explain.

An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of the property.

Maureen agrees to sell her interest in the farm to Joe.Maureen and her husband, Bill, hold the property as tenants by the entireties.What consequence?

A reversion is held by a person other than the grantor or his successors.

Mother conveyed her lakefront property to her daughter, Ellen, for life and then to Ellen's children, but if Ellen had no children, to Mark.Mark has a contingent remainder.