Exam 39: Nature of Real Property

A occurs when two or more people own property such that when one owner dies, that owner's interest in the property passes to a person named in the deceased's will. ​

Which of the following is considered personal property?

Improvements made by a residential tenant are generally presumed not to be fixtures.

A color of title arises from some defective document purporting to be a deed or a will. ​

​ An individual may acquire title to real property by occupying the land owned by another for a period fixed by statute only with the permission of the original owner.

​ consists of land, including the actual soil, and all permanent attachments to the land, such as fences, walls, and other additions.

Crops such as clovers and grasses are classified as real property until severed from a land. ​

The automatic right of the remaining surviving owner(s)to own the entire property free of any interest of a deceased owner is called .

A is the largest and most complete right that one may possess in property. ​

Ownership of an estate for the duration of one's life is called a term for years. ​

Dirt deposited along the boundary of real property is not added to it.

Minerals under the soil and the waters on it are not considered real property. ​

A chain retail store opening for business in a shopping complex is an example of a .

List consequences of the different ways in which two or more persons may own property.

A fee simple owner of property, whether real or personal, only has the right to possess the property for a limited time.

Nine states in the U.S.A. recognize a form of ownership called community property. ​

Personal property attached to land or a building that becomes a part of the land is known as a(n). ​

Each tenant in common owns an undivided fractional interest in the land.

Which of the following best describes partition? ​

An easement gives an exclusive right to possession. ​