Exam 48: Interests in Real 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?

If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

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.

A tenancy at sufferance is created after the tenant's lease has expired.

A profit is not usually exclusive to the owner of that right.

All other estates are derived from the fee simple estate.

Constructive eviction would result in a discharge of any obligation to pay rent if:

If Karen assigns her lease to Henry, Karen and Henry are both liable to the landlord for the rent.

A possibility of reverter is the complementary estate to a:

When a landlord leases property for a given period of time:

An easement that is appurtenant passes to the new owner of the land.

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

All interests in property that can be conveyed carry the right to immediate possession.

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

If Taylor conveys property "to Baines for life" and makes no disposition of the remainder of the estate, Taylor holds the reversion.

If Arthur conveys his farm to Melissa in fee simple as long as she does not develop the property for non-farm use, in which case the property would revert to Arthur's estate, he has created:

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

An estate from week to week or month to month is called a(n):

A possessory interest in real property is called an estate.

An interest in the future that arises in a third party is called a(n):