Exam 48: Interests in Real Property

Bob and his sister, Claudia, can NOT own property by:

The All-Power Gas and Electric Company cleared a right of way across Larry's land and put up a power line, which it has maintained for the past 20 years. Now the company wants to replace the old line with a new one, and Larry has decided he doesn't want them on his land. Does the company have a recognizable interest in Larry's land? Can Larry keep the company from installing a new line?

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

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

All other estates are derived from the fee simple estate.

If Dan subleases his apartment to Susan for the summer, Susan is primarily liable to pay the landlord the rent.

If a landlord leases property "to Susan as long as Sam wishes," the landlord has created a(n):

Joanne rents a single-family house for one year starting September 1. If the house burns down, the common law requires:

If a landlord furnishes heat in the summer in order to force his tenant to move and the tenant does in fact move, a court of law will probably decide that:

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

a. What is a fee simple? b. What is a life estate? c. If Ed grants a life estate to his wife, what interest does he retain? Explain.

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

In general, a tenant is under a duty to make minor repairs to the leased premises.

A leasehold from week to week or month to month is called a(n):

Ed signs a ten-year lease with a survival clause. If Ed is evicted after two years, he will have to pay:

Agatha, Betty, and Clara are sisters who own 300 acres of land as joint tenants. a. What interest does each of them have in the parcel of land? b. If Betty dies, what happens to her share of the 300 acres? c. If Clara sells one-half of her interest to Diane, what interest does Diane acquire in the 300-acre parcel?

A periodic leasehold tenancy may be terminated:

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?

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

Frank provided in his will that his 50 acres were to go to the city in fee simple for a soccer complex as long as no alcoholic beverages were sold on the premises. If alcohol is sold, the property is to go to Frank's estate. The estate created in the city is a: