Question 1

A freehold estate is:

Accepted Answer

A) a gratuitous leasehold interest in real property. 
B) a right of ownership of real property for an indefinite time (fee estate). 
C) a right of ownership of real property for the life of a person (life estate). 
D) Both (b) and (c) are correct. 
A) a gratuitous leasehold interest in real property. 
B) a right of ownership of real property for an indefinite time (fee estate). 
C) a right of ownership of real property for the life of a person (life estate). 
D) Both (b) and (c) are correct. D

Question 2

The Arbor Apartments can legally restrict tenants to those who are married couples.

Accepted Answer

A) True 
 B)False  False

Question 3

Promises made by the landlord and tenant to each other in the lease to do or not to do certain acts are known as:

Accepted Answer

A) automatic leases provisions. 
B) recordation clauses. 
C) covenants. 
D) reversionary clauses. 
A) automatic leases provisions. 
B) recordation clauses. 
C) covenants. 
D) reversionary clauses. C

Question 4

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

Accepted Answer

A) any act that permanently injures the realty. 
B) any omission that permanently injures the realty. 
C) any act that unreasonably changes the value of the realty. 
D) All of the above. 
A) any act that permanently injures the realty. 
B) any omission that permanently injures the realty. 
C) any act that unreasonably changes the value of the realty. 
D) All of the above.

Question 5

Under the common law,a landlord is under an obligation to provide or maintain the premises in a livable condition.

Accepted Answer

A) True 
 B)False

Question 6

The characteristics of a qualified or base fee estate include(s)that:

Accepted Answer

A) it is possible to convey or will property to a person to enjoy absolutely, subject to its being taken away at a later date should a certain event occur. 
B) a holder of a qualified fee interest may transfer the property by deed, subject to the initial condition. 
C) a qualified fee interest may pass by intestate succession. 
D) All of the above. 
A) it is possible to convey or will property to a person to enjoy absolutely, subject to its being taken away at a later date should a certain event occur. 
B) a holder of a qualified fee interest may transfer the property by deed, subject to the initial condition. 
C) a qualified fee interest may pass by intestate succession. 
D) All of the above.

Question 7

Nick rents to Lorna an apartment beginning September 1.Nick has the obligation:

Accepted Answer

A) to prevent other tenants from being so noisy that they interfere with Lorna's use and enjoyment of the apartment. 
B) under the common law, to repair Lorna's apartment as needed. 
C) under the majority rule, to give Lorna the right to possession on September 1. 
D) under the majority rule, to give Lorna actual possession on September 1. 
E) Both (b) and (d). 
A) to prevent other tenants from being so noisy that they interfere with Lorna's use and enjoyment of the apartment. 
B) under the common law, to repair Lorna's apartment as needed. 
C) under the majority rule, to give Lorna the right to possession on September 1. 
D) under the majority rule, to give Lorna actual possession on September 1. 
E) Both (b) and (d).

Question 8

Grandfather conveyed to Erin the right to the family farm after her grandmother dies.This is called:

Accepted Answer

A) a possibility of a reverter. 
B) a reversionary interest. 
C) a vested remainder. 
D) a contingent remainder. 
A) a possibility of a reverter. 
B) a reversionary interest. 
C) a vested remainder. 
D) a contingent remainder.

Question 9

The greatest ownership interest a person may have in real property is:

Accepted Answer

A) fee simple absolute. 
B) tenancy by the entireties. 
C) life estate. 
D) vested remainder. 
A) fee simple absolute. 
B) tenancy by the entireties. 
C) life estate. 
D) vested remainder.

Question 10

A majority of states have enacted the Uniform Residential Landlord and Tenant Act which provides a comprehensive system for regulating the landlord-tenant relationship.

Accepted Answer

A) True 
 B)False

Question 11

Ed signs a ten-year lease with a survival clause.If Ed is evicted after two years,he will have to pay:

Accepted Answer

A) rent for the remaining 8 years. 
B) damages equal to the difference between the rent specified in the lease and the rent the landlord is able to obtain from reletting the premises. 
C) until eviction. 
D) until he assigns the lease. 
A) rent for the remaining 8 years. 
B) damages equal to the difference between the rent specified in the lease and the rent the landlord is able to obtain from reletting the premises. 
C) until eviction. 
D) until he assigns the lease.

Question 12

A characteristic of a tenancy in common is that:

Accepted Answer

A) it is the most frequently used form of concurrent ownership. 
B) each co-owner has an undivided interest in the property and has the right to possession. 
C) there is a right of survivorship. 
D) All of the above. 
E) Two of the above, (a) and (b). 
A) it is the most frequently used form of concurrent ownership. 
B) each co-owner has an undivided interest in the property and has the right to possession. 
C) there is a right of survivorship. 
D) All of the above. 
E) Two of the above, (a) and (b).

Question 13

If Tom and Tim are tenants in common,they each own a specific half of the property.

Accepted Answer

A) True 
 B)False

Question 14

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.

Accepted Answer

Each one has the right to possession,non

Question 15

A leasehold is like a bailment in that it permits the tenant to have a possessory but not an ownership interest in the landlord's estate.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is NOT an example of concurrent ownership?

Accepted Answer

A) A joint tenancy. 
B) A tenancy by the entireties. 
C) A tenancy in common. 
D) A lease between a landlord and a tenant. 
A) A joint tenancy. 
B) A tenancy by the entireties. 
C) A tenancy in common. 
D) A lease between a landlord and a tenant.

Question 17

If a landlord leases property "to Susan as long as Sam wishes," the landlord has created a(n):

Accepted Answer

A) fee simple absolute. 
B) estate (tenancy) at will. 
C) condominium. 
D) estate at sufferance. 
A) fee simple absolute. 
B) estate (tenancy) at will. 
C) condominium. 
D) estate at sufferance.

Question 18

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

Accepted Answer

A) a tenancy by the entireties. 
B) tenancy in common. 
C) joint tenancy. 
D) Any of the above. 
E) Both (b) and (c) above. 
A) a tenancy by the entireties. 
B) tenancy in common. 
C) joint tenancy. 
D) Any of the above. 
E) Both (b) and (c) above.

Question 19

Which of the following is a true statement concerning a life estate?

Accepted Answer

A) A life estate is an ownership right for the life of the grantor. 
B) A life estate is an ownership right in property for the life of any individual designated by the grantor. 
C) A life estate requires special wording, prescribed by statute, to create it. 
D) None of the above. 
A) A life estate is an ownership right for the life of the grantor. 
B) A life estate is an ownership right in property for the life of any individual designated by the grantor. 
C) A life estate requires special wording, prescribed by statute, to create it. 
D) None of the above.

Question 20

A tenancy at sufferance is created if a tenant fails to vacate the premises when the lease expires.

Accepted Answer

A) True 
 B)False

Exam 48: Interests in Real Property

A freehold estate is:

The Arbor Apartments can legally restrict tenants to those who are married couples.

Promises made by the landlord and tenant to each other in the lease to do or not to do certain acts are known as:

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

Under the common law,a landlord is under an obligation to provide or maintain the premises in a livable condition.

The characteristics of a qualified or base fee estate include(s)that:

Nick rents to Lorna an apartment beginning September 1.Nick has the obligation:

Grandfather conveyed to Erin the right to the family farm after her grandmother dies.This is called:

The greatest ownership interest a person may have in real property is:

A majority of states have enacted the Uniform Residential Landlord and Tenant Act which provides a comprehensive system for regulating the landlord-tenant relationship.

Ed signs a ten-year lease with a survival clause.If Ed is evicted after two years,he will have to pay:

A characteristic of a tenancy in common is that:

If Tom and Tim are tenants in common,they each own a specific half of the property.

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 permits the tenant to have a possessory but not an ownership interest in the landlord's estate.

Which of the following is NOT an example of concurrent ownership?

If a landlord leases property "to Susan as long as Sam wishes," the landlord has created a(n):

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

Which of the following is a true statement concerning a life estate?

A tenancy at sufferance is created if a tenant fails to vacate the premises when the lease expires.

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Environmental Law

International Business Law

Introduction to Property, property Insurance, Bailments, and Documents of Title

Transfer and Control of Real Property

Trusts and Wills

Filters