Exam 25: Land Use Regulation and Real Property

Future interest in real property refers to ________.

The government's power to take private property for public use, provided that just compensation is paid to the private property holder is known as ________.

An estate where the tenant has a right to possess the real property but does not own title to the property is called ________.

A joint tenant does not have the right to sell or transfer his or her interest in the property.

What is an easement and how is it created?

A(n)________ is an exception that permits a type of building or use in an area that would not otherwise be allowed by a zoning ordinance.

After the death of Horace, the other two joint tenants of the luxury dining restaurant "Rendezvous" became the owners of Horace's interest in the property automatically. This feature of their concurrent ownership is called ________.

The ________ is a clause of the U.S. Constitution that allows the government to take property for "public use."

A deed in which the grantor of real property transfers whatever interest he has in the property to the grantee is known as a ________.

In a landlord-tenant relationship, the tenant receives a nonfreehold estate in the real property.

A tenancy created when a lease specifies intervals at which payments are due but does not specify how long the lease is for is called a ________.

A(n)________ is an instrument that describes a person's ownership interest in a piece of real property.

A rental agreement between a landlord and a tenant is called a lease.

A fee simple owner has the right to exclusively possess and use his property to the extent that the owner has not transferred any interest in the property.

Plant life and vegetation growing on the surface of land are considered personal property.

The land over which the easement is granted is called the servient estate.

A terminated life estate property reverts to the grantor or the grantor's estate or other designated person.

A transfer of the right to the possession and use of real property for a set term in return for certain consideration is known as a(n)________.

In community property, property that is acquired through gift or inheritance either before or during marriage is considered ________.

Separate property is included in community property.