Fact Pattern 8-1 Jill Recently Inherited Money from Her Old Aunt Maude. Jill

Multiple Choice

Fact Pattern 8-1
Jill recently inherited money from her old aunt Maude. Jill decided to buy beach-front property in Beaufort, South Carolina. Jill's new property consists of 3 acres of land, with direct access to the ocean. When she bought the land there is no home on it, but she wants to build a beach home in the future. A year after she bought the lovely lot, the city of Beaufort rezones the land, prohibiting any building so that other residents can enjoy the view.
-Refer to Fact Pattern 8-1. Suppose that Jill builds a small cottage on her property (forget the city ordinance for a moment) . The cottage is lovely and she hates to see it sit unused for many months of the year, so she rents the cottage for several weeks at a time to various people. Once it is rented the cottage is:

A) a retainer
B) a freehold
C) a leasehold
D) a conveyor
E) a tangible remainder