Exam 48: Real Property

The land over which the easement is granted is called the servient estate.

Martin, who owned a piece of property along with two other tenants, executed a will in which he left all his property to his son. When Martin died, his son received his interest in the shared property and became a tenant with the other two owners. What kind of concurrent ownership would allow such a passage of title?

Plant life that is severed from the land is considered ________.

Future interest in real property refers to an interest in ________.

An easement appurtenant cannot be terminated upon change in ownership title of the dominant estate.

In the context of a tax sale, many states provide a period of ________ after a tax sale during which the taxpayer can reclaim the property by paying the unpaid taxes and penalties.

Ownership of real property can be transferred by gift.

Kitchen cabinets in an apartment are considered fixtures.

Subsurface rights cannot be sold separately from surface rights.

Ms. Rogers owns a property adjoining the property owned by Mr. Cartworth. Since her house lies behind that of Mr. Cartworth's, Ms. Rogers' driveway passes through his property. Which of the following types of nonpossessory interest has been created in Mr. Cartworth's land?

Which of the following is true of subsurface rights in real property?

________ are an example of real property.

Carmen, Westbrook, and Ashton are concurrent owners of a large commercial building. Ashton executes a will that leaves all his property to his son in the event of his death. But after Ashton's death, his ownership interest in the building was acquired by the remaining two tenants of the building. Which of the following kinds of concurrent ownership would allow such a passage of title?

If a person owns real property in fee simple, his or her ownership has no limitation on inheritability.

Jonas, a successful investment banker earning $400,000 per year, marries Penny, a nurse at a county hospital. While Jonas owns $1 million of real estate and $1.5 million in securities, Penny has no personal savings or property. After four years, they opt for a divorce. Over the four years of their marriage, Jonas has made $400,000 for the first two years and $500,000 for the remaining two. Penny has made $25,000 in the first three years, and $150,000 in the final year of their marriage. Their living expenses have been $130,000 per year, and they have $1,450,000 saved in a bank account. During the marriage, Jonas's real estate has increased in value to $1.5 million, and securities to $3 million. If they filed for divorce in a state that recognizes community property, what would be the separate property owned by Jonas at the end of their marriage?

Karen, Kelsey, Rita, and Lizzi own a large commercial building as concurrent owners. They are tenants with the right to survivorship. Lizzi transfers her one-quarter interest in the building to a private charity organization owned by Stella. Which form of concurrent ownership would allow Karen, Kelsey, and Rita to become the owners of the property following Lizzi's death without the inclusion of the private charity organization run by Stella?

The person who is given a life estate is called the life tenant.

A(n) ________ authorizes a person who does not own adjacent land the right to use another person's land.

Which of the following provisions protects the interest of a joint tenancy upon the death of a joint tenant?

What is a general warranty deed?