Exam 49: Real Property

[Majestic Mansion] Akira inherited her family's mansion in the mountains from her grandmother. Akira lives in the mansion with her sister, Kitara. Their grandmother's will states that Akira inherits the mansion so long as she does not alter the exterior, and if she did, the mansion would belong to the historical society. The will also states that Kitara can live in the mansion for the rest of her life. Akira decides to place an addition on the mansion, and she knocks down one side of the building to add a modern-style wing. Akira's sister, Kitara, is upset that their grandmother left the mansion to Akira, and, when she discovers the construction, she tells Akira that Akira is no longer the owner of the mansion. -What type of ownership interest does Akira have in the mansion?

Which of the following refers to land and everything permanently attached to it?

Which of the following is false regarding property interests in Vietnam?

An owner of a leasehold estates has a ________ but not an ________

A license is the temporary and irrevocable right to use another's property.

If Walanda and Hassem own property together in equal shares, and upon Walanda's death the property goes to Hassem, this is an example of ________.

In the hierarchy of estates, which is the least complete estate?

[Cottage in the Woods] When Gil's father died, Gil received a life estate for the family's cottage in the woods. According to his father's will, upon Gil's death, the cottage is to become the property of Gil's much younger step-brother Max. Gil lived at the cottage for many years after his father's death. One day, Max went to visit Gil to check on the property that he would someday own, and noticed that the cottage was in disrepair. The roof leaked, it was infested with mice and termites, and there was water damage in the basement. Max tells Gil to fix the property, but Gil refuses saying that he can let the property deteriorate as much as he wants. -What type of interest, if any, does Max have in the property?

An owner cannot deprive landowners downstream of the use of the water by diverting it elsewhere.

When the Townsend Estates was being built, all land owners agreed to build 2,500 square foot homes with brick fronts. This is an example of a(n) ________.