Exam 23: Interests in Land and Their Transfer

What is a remainder in the context of land?

What is a life estate?

The owner of a condominium has non- exclusive possession of his or her unit, and part ownership of common elements.

Explain the distinction between a tenancy in common and a joint tenancy.

Unless someone has adverse possession, the law presumes and owner to be in possession of his or her property.

What is a condominium corporation?

Explain the concept of nuisance in the context of land.

An interest in land that permits the lessee to remove or extract material from the land is referred to as

A building scheme is different from a restrictive covenant because a building scheme:

Michael who lost his job finds an abandoned home in a forest. Every night he creeps into the home and sleeps. In the morning he leaves before the caretaker arrives. If Michael sleeps on the property every night and leaves in the morning, in a few years Michael can claim adverse possession.

A freehold estate

An interest in land that permits the lessee to remove or extract material from the land is referred to as an easement.

A unit in a multiple- unit development that may be owned in fee simple is usually referred to as

Concurrent holders of equal shares in an estate without a right of survivorship are referred to as

The greatest interest that a person may own in land is referred to as

To seize to hold and sell land in order to realize the amount due under a judgment registered against the owner is to

Explain the concept of adverse possession and how an owner's title to property may be extinguished by adverse possession.

Mary and Jack are Tenants in Common, when either party dies, his or her share of their home will

Erin and Oliver own their house as joint tenants. Erin makes a will leaving her interest in the house to her parents; Oliver makes a will leaving his interest in the house to his parents. Erin and Oliver are both killed as a result of a car accident. Erin dies one week before Oliver. Her interest in the house will pass to her parents.

What is expropriation?