Exam 14: Real Property: Interests and Leases

Angelo owned a small house.Last year, on the first day of June, he sold the property to a newly-married couple.Angelo agreed that the couple would take possession at the beginning of July.The parties also agreed, however, that Angelo would be entitled to stay in the house until he found a new place to live.The couple assumed that they would have to share the space with Angelo for a couple of weeks at most.In fact, Angelo has now been in the house with the newlyweds for more than a year.The young couple are understandably annoyed.The house is small and privacy is hard to find.They consequently have told Angelo to leave on countless occasions.He, however, enjoys their company and would prefer to stay.Which of the following statements is most likely to be TRUE?

"A court has found that Xhosa committed an act of waste." What does that statement mean? When will a person be prohibited from committing an act of waste?

Malia owns the fee simple in a piece of land called Blackacre.She wants to create a life estate in favour of Gordon.However, she also wants to ensure that the duration of that life estate is measured by her own life rather than Gordon's life.She is entitled to do so.

One difference between an easement and a licence is that an easement must be an interest in land, while a license is not be an interest in land.

Which of the following statements is TRUE with respect to a condominium?

Dafyyd, Enid, and Gwyneth share ownership of a piece of land called Blackacre.Evan has a five-year lease that allows him to occupy Blackacre.He pays an annual rent of $60 000.On what basis will that money be divided among Dafyyd, Enid, and Gwyneth? What if they are joint tenants? What if they are co-tenants?

Kuan-yin rented a commercial property to Roger for one month.Which of the following statements is TRUE?

Dulcy has an estate in a piece of land called Blackacre.She currently has the exclusive right to occupy Blackacre.That does not necessarily mean that she is the holder of a fee simple.

Bhagiratha has the fee simple in a piece of land called Blackacre.She is about to create two new interests in that property.Gallahad will receive a life estate.Adeline will receive the remainder.Which of the following statements is TRUE?

Itzhak and Eleni are joint tenants of a piece of land called Blackacre.Which of the following statements is TRUE?

Juan owns a piece of land.Yolanda enjoys a profit à prendre with respect to Juan's land.This must mean that

Clyde has applied to a court for an order for partition.Assuming that that application will be successful, what type of property interest might he currently enjoy? What will be the effect when the court grants an order for partition?

Which of the following statements is TRUE?

Pedrag has the fee simple in a piece of property called Blackacre.Trish acquired a profit à prendre with respect to the annual crop of canola that grows on Blackacre.That interest will last for five years.Which of the following statements is TRUE?

Why is land sometimes called "real property"? In terms of the enforcement of legal rights, how is real property treated differently than other forms of property?

Land is called "real" property

Akhenaten has the fee simple in a piece of land called Blackacre.This means that he

Jamilah and Corbin share ownership of a piece of land called Blackacre.A profit of $5000 was obtained when blueberries were harvested from Blackacre.Which of the following statements is TRUE?

Although the right of distress is often important in commercial leases, it generally is not available under residential tenancies.

Which of the following statements is TRUE?