Exam 34: Real Property

Under condominium ownership,a purchaser takes title to his or her individual unit and becomes a tenant in common with other unit owners in shared facilities.

The lien created by unpaid taxes assessed on real property is secondary to all other claims of other persons to the land.

A property interest that allows a person who owns real property to dispose of it either during his lifetime or on his death is a(n)_____ property interest.

Ivan owned a house in Florida.He died without making a valid will,and therefore,the property passed to his son,Mario.The method by which Mario acquired the property is called _____.

Aliyah deeded her house for consideration to her friend,Jada,by quitclaim deed.One year after the transfer,Jada discovered that 50 years earlier,Aliyah's great grandfather,then the owner of the property,had transferred part of the property to a local church.The church is now asserting ownership of the property and wants to build a parking lot on the plot.What action,if any,can Jada bring against Aliyah to recover damages for breach of warranty of title in this case?

Under condominium ownership,a purchaser takes title to his or her individual unit and becomes a _____ with other unit owners in shared facilities.

Marvel Developers Corp.built a subdivision in which it offered a number of houses for sale.The Smiths bought one of these houses.During the first rain,water entered under the crawl space of the house and accumulated to a depth of 17 inches in a room where the furnace and water heater were located.This frequently caused the water heater to perform inefficiently.With each rainfall,water continued to collect.The house became damp and developed a serious mildew problem.What remedies do the Smiths have?

Which of the following statements is true of the transfer of a property by sale?

Describe the purpose of the Fair Housing Act.

Beatriz and James are married and own real property under a tenancy by the entirety.This means that _____.