Exam 50: A: Real Property Landlord-Tenant Relationships

No tenant has a qualified right to the exclusive possession of leased real property.

Real estate sales contract are often made contingent on the buyer obtaining financing.

To acquire the ownership of a vacant lot by ad?verse possession,Durwood must occupy the lot exclusively,continuously,and peaceably for a specified period of time

Edna and Flavia buy a boat that they dock in a marina near Gulfport,Mississippi.On the death of either owner,that owner's interest in the boat passes to her heirs.This is

Opal conveys three acres of wetlands to Pristine Places,Inc. ,with a deed that warrants only that Opal held good title during her ownership of the property.This deed is

Land includes all of the waters on or under its surface.

Jai owns an orchard behind Key's house and property.The only access to the orchard is Key's driveway,which Jai uses to get to her orchard.Jai sells the orchard to Laurentz.Can Laurentz use the right-of-way across Key's property?

A joint tenant's sale of his or her interest terminates the tenancy.

Property Management Corporation (PMC)owns several apartment buildings in two states.Regarding standards for maintenance of the build?ings,PMC should consult

A special warranty deed provides the most protection against defects of title.

Utility Power Company has the right to run its power lines across Velma's land.This is

Land assigned by zoning laws for business activities is designated as being for commercial use.

For a party to take by adverse possession,the party's possession must not be open,visible,or notorious.

In a fee simple absolute,the owner has the greatest aggregation of rights,privileges,and power possible.

Persons who share ownership rights simultaneously are life tenants.

Ian and Jackie take title to a drive-through Koffee Kiosk in such a way that if one dies,the other will be the sole owner.Ian and Jackie own the kiosk as

Bren leases an apartment from Cris for one year.After two months,she sublets the premises for the next six months to Dee,without obtaining Cris's con?sent.Dee pays the rent for only four months.For the last two months of Dee's six-month term,Bren is

An easement arises when the owner of one piece of land occupies the real property of a neighbor and eventually acquires title to it.

Fact Pattern 50-1B Shopping Mall,Inc.(SMI),leases space to Toney Goods Company and Uneek Stuf Store.Later,Uneek begins to sell items that are similar to Toney's goods,and Toney abandons its space before the end of the lease term. -Refer to Fact Pattern 50-1B.Toney is liable to

Eminent domain is the right of an owner in fee simple ab?solute to trans?fer property to whomever he or she wishes.