Question 1

In a condominium:

Accepted Answer

A)  all residents own shares in the corporation that owns the building. 
B)  each resident purchases a living unit in the building. 
C)  the tenant owns a reversionary interest in the property. 
D)  the tenant creates a future interest in the property known as a possibility of reverter. 
A)  all residents own shares in the corporation that owns the building. 
B)  each resident purchases a living unit in the building. 
C)  the tenant owns a reversionary interest in the property. 
D)  the tenant creates a future interest in the property known as a possibility of reverter.

Question 2

Under the common law, a landlord is under an obligation to provide or maintain the premises in a livable condition.

Accepted Answer

A) True 
 B)False

Question 3

To create a joint tenancy, the tenants must assume title by the same instrument.

Accepted Answer

A) True 
 B)False

Question 4

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?

Accepted Answer

A)  Yes, but he must leave the apartment vacant. 
B)  Yes, after he gives notice to Millie. 
C)  Yes, after he relets the apartment. 
D)  No, the obligation to pay ended when Millie abandoned the apartment. 
A)  Yes, but he must leave the apartment vacant. 
B)  Yes, after he gives notice to Millie. 
C)  Yes, after he relets the apartment. 
D)  No, the obligation to pay ended when Millie abandoned the apartment.

Question 5

Although the court in James v. Taylor recognized that the presumption has been changed by statute in many states, the court stated that at common law, if the wording in a deed was ambiguous, the law favored a:

Accepted Answer

A)  tenancy by the entireties. 
B)  tenancy in partnership. 
C)  tenancy in common. 
D)  joint tenancy. 
A)  tenancy by the entireties. 
B)  tenancy in partnership. 
C)  tenancy in common. 
D)  joint tenancy.

Question 6

If B grants A a life estate in B 's property for A's lifetime and then B dies, what happens to the land when A dies?

Accepted Answer

A)  It goes to A's heirs. 
B)  It goes to the state. 
C)  It reverts to B's heirs. 
D)  It passes under A's will. 
A)  It goes to A's heirs. 
B)  It goes to the state. 
C)  It reverts to B's heirs. 
D)  It passes under A's will.

Question 7

Which of the following ways is NOT a way to create an easement?

Accepted Answer

A)  The landowner agrees to it orally. 
B)  It is necessary for access to the land. 
C)  It is taken by using the land openly in a period of years. 
D)  All of these. 
A)  The landowner agrees to it orally. 
B)  It is necessary for access to the land. 
C)  It is taken by using the land openly in a period of years. 
D)  All of these.

Question 8

A life tenant may do anything with the land that is legal.

Accepted Answer

A) True 
 B)False

Question 9

A majority of states have enacted the Uniform Residential Landlord and Tenant Act which provides a comprehensive system for regulating the landlord-tenant relationship.

Accepted Answer

A) True 
 B)False

Question 10

The Arbor Apartments can legally restrict tenants to those who are married couples.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A)  automatic leases provisions. 
B)  recordation clauses. 
C)  covenants. 
D)  reversionary clauses. 
A)  automatic leases provisions. 
B)  recordation clauses. 
C)  covenants. 
D)  reversionary clauses.

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

Bess, Ray, and Irwin inherited 48 acres of land, which they own as tenants in common. If Bess decides she wants to live on a portion of the land, in order to get clear title to that portion:

Accepted Answer

A)  Bess may request that the land be partitioned, which would change her, Ray's, and Irwin's undivided interests in the whole parcel into smaller, individually owned parcels. 
B)  Bess need only move onto the land, as she has the right to possession of the whole 48 acres. 
C)  Bess would need to convince Ray and Irwin to join her in selling the entire 48 acres, and she would then need to buy the portion she wishes to own separately. 
D)  Ray and Irwin must agree to relinquish their right of survivorship and thus destroy the present tenancy. 
A)  Bess may request that the land be partitioned, which would change her, Ray's, and Irwin's undivided interests in the whole parcel into smaller, individually owned parcels. 
B)  Bess need only move onto the land, as she has the right to possession of the whole 48 acres. 
C)  Bess would need to convince Ray and Irwin to join her in selling the entire 48 acres, and she would then need to buy the portion she wishes to own separately. 
D)  Ray and Irwin must agree to relinquish their right of survivorship and thus destroy the present tenancy.

Question 14

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

Accepted Answer

A)  A joint tenancy. 
B)  A tenancy by the entireties. 
C)  A tenancy in common. 
D)  A lease between a landlord and a tenant. 
A)  A joint tenancy. 
B)  A tenancy by the entireties. 
C)  A tenancy in common. 
D)  A lease between a landlord and a tenant.

Question 15

A characteristic of a tenancy in common is that:

Accepted Answer

A)  it is a rarely used form of concurrent ownership. 
B)  each co-owner has an undivided interest in the property and has the right to possession. 
C)  there is a right of survivorship. 
D)  All of these. 
A)  it is a rarely used form of concurrent ownership. 
B)  each co-owner has an undivided interest in the property and has the right to possession. 
C)  there is a right of survivorship. 
D)  All of these.

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Breach of the implied warranty of habitability allows a tenant to withhold rent according to most courts.

Accepted Answer

A) True 
 B)False

Question 18

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.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A)  it is possible to convey or will property to a person to enjoy absolutely, subject to its being taken away at a later date should a certain event occur. 
B)  a holder of a qualified fee interest may transfer the property by deed, subject to the initial condition. 
C)  a qualified fee interest may pass by intestate succession. 
D)  All of these. 
A)  it is possible to convey or will property to a person to enjoy absolutely, subject to its being taken away at a later date should a certain event occur. 
B)  a holder of a qualified fee interest may transfer the property by deed, subject to the initial condition. 
C)  a qualified fee interest may pass by intestate succession. 
D)  All of these.

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 48: Interests in Real Property

In a condominium:

Under the common law, a landlord is under an obligation to provide or maintain the premises in a livable condition.

To create a joint tenancy, the tenants must assume title by the same instrument.

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?

Although the court in James v. Taylor recognized that the presumption has been changed by statute in many states, the court stated that at common law, if the wording in a deed was ambiguous, the law favored a:

If B grants A a life estate in B 's property for A's lifetime and then B dies, what happens to the land when A dies?

Which of the following ways is NOT a way to create an easement?

A life tenant may do anything with the land that is legal.

A majority of states have enacted the Uniform Residential Landlord and Tenant Act which provides a comprehensive system for regulating the landlord-tenant relationship.

The Arbor Apartments can legally restrict tenants to those who are married couples.

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

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

Bess, Ray, and Irwin inherited 48 acres of land, which they own as tenants in common. If Bess decides she wants to live on a portion of the land, in order to get clear title to that portion:

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

A characteristic of a tenancy in common is that:

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

Breach of the implied warranty of habitability allows a tenant to withhold rent according to most courts.

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.

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

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

Introduction to Law

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Introduction to Sales and Leases

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