Exam 48: Interests in Real Property

The concept of waste, as used in real property, includes:

Mariella's purchase of a ticket to the ballet grants her a license to use the theater's premises during the performance, but it does not give her an interest in the real property.

How may an easement be created?

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?

Barton granted his neighbor, Mullins, the right to graze her cattle on Barton's land.Identify the type of property interest Mullins has in Barton's land and explain how such interests are created.

Which of the following is NOT an example of concurrent ownership?

A reversion is held by a person other than the grantor or his successors.

In a condominium:

A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):

A license is generally subject to revocation by the property owner at any time.

Grandfather conveyed to Erin the right to the family farm after her grandmother dies.This is called:

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

Which of the following is a true statement concerning a life estate?

Community property does not include a ring owned by the wife prior to the marriage.

For a person to acquire an easement, he must have the permission of the owner to use the land.

The characteristics of a qualified or base fee estate include(s) that:

Millie, a tenant, wrongfully abandons her apartment after six months, even though there are six months left on her lease.If there is no survival clause in the lease, would the landlord be able to hold Millie liable for rent?

If the lease is silent on the subject, a tenant may assign his lease.

If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.

A leasehold is like a bailment in that it permits the tenant to have a possessory but not an ownership interest in the landlord's estate.