Explore key aspects of real property and ownership through this quiz. Topics include property interests, forms of ownership, implications of deed conditions, and corporate structures in real estate. Ideal for learners in real estate law and property management.
Joint tenancy
Tenancy in severalty
Tenancy in common
Tenancy by entirety
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Fee simple
Defeasible fee
Chattel real
Nonfreehold estate
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Carpenter's tool
Aircraft used for survey purposes
Level surface from which elevations are measured
File of recorded documents
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General partnership
Syndicate
Real estate investment trust
Corporation
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Its investors have no personal liability
The double taxation aspect of other corporations is avoided
It has a separate life from that of the investors
Its tax rates are higher
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Fixture
Trade Fixture
Real Property
Emblement
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Metes and bounds
Informal
Lot, block and tract
Government survey
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There is a survivorship right if a tenant in common dies without a will
Tenants in common have unequal interests
Tenants in common have divided interests
Tenants in common must acquire their interests at the same time.
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Transfer with the land
Include growing trees
Are personal property
Are freehold estates
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Chattels
Emblements
Appurtenances
Encumbrances
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Trade fixtures
Water rights
Chattels real
Mortgages
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Adaptability, intent and attachment
Adaptability, cost and attachment
Size, weight and adaptability
Intent, cost and attachment
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Fixtures
Emblements of title
Remainder rights
The bundle of rights
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Emblements
Fructus industriales
Fixtures
Trade fixtures
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Condominiums sold with a mandatory rental pool arrangement
General partnership shares in investment property
Apurautre vie estate
A vested remainder interest
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Metes and bounds
Informal description
Lot, block and tract
Government survey
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Brother, sister and her husband as tenants in common
Brother and sister as joint tenants and her husband as a tenant in common
Brother, sister and her husband as joint tenants
Brother and sister as joint tenants
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Remainder interest
Chattel real
Defeasible estate
Reversionary interest
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M's lease would terminate
K's heirs would be entitled to K's interest
The remainder interest holder would obtain title
L would obtain title
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Fee simple
Fee simple determinable
Remainder interest
Reversionary interest
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Original grantor died
Life tenant died
Remainder interest holder purchased the life tenants interest
Life tenant vacated the premises
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Dower right
. curtesy right
Tenancy at sufferance
Remainder interest
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Condominium
Planned unit development
Cooperative
Time share
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Seller
Buyer
Tenant
Buyer and tenant equally
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Have title in severaltyh to half the property
Have the right of survivorship
Own unequal shares
Avoid personal liability
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Air rights
Water rights
Mineral rights
Tenant rights
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Common element
Limited common element
Leasehold element
Emblement
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M's heirs, O and L are joint tenants
M's heirs and L are joint tenants but O is a tenant in common
L's, O's and M's heirs are tenants in common
L and O are tenants in common
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A subdivision of lots by a developer
A court proceeding to break up a co-ownership
The conversion of rental apartments to condominiums or cooperatives
The conveyance of a partial interest to form a co-ownership
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Bearing walls between adjoinint tenants
Community swimming pool
Parking space designated for a particular unit
Land under the units
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Cooperative
Condominium
Planned Unit
Time Share
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Interest passes to heirs on death of an owner
Interests of owners must be equal
A sale of an interest requires approval of other owners
All owners have equal rights of possession
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Joint tenancy
Tenancy in severalty
Tenancy in common
Community property
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Estate on a condition subsequent
Fee simple absolute
Life estate
Nonfreehold estate
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A metes and bounds description
A recorded subdivision map
The government survey system
Correction lines and datum plane
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Tenants by the entirety
Joint tenants
Tenants in common
Tenants in severalty
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In severalty
In joint tenancy
As community property
In tenancy by entirety
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L in severalty
L and the heirs of N as tenants in common
L and the heirs of N in joint tenancy
L and the heirs of both M and N as tenants in common
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Estate for years
Tenancy at sufferance
Cooperative
Time share ownership
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Fee simple determinable
Fee simple absolute
Fee on condition subsequent
A nonfreehold estate
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In severalty
As community property
As tenancy by entirety
As joint tenancy
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Lot and block
Informal method
Government survey
Metes and bounds
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Joint tenancy
Fee simple
Severalty ownership
Conmmunity property
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Government survey
Lot and block
Metes and bounds
Baseline and meridian
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L has a reversionary interest
L has a remainder interest
K can defeat L's interest by deed or will
K cannot borrow on her interest
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Tenancy by the entirety
Less than freehold estate
Fee simple
Fee simple determinable
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K in severalty free of the encumbrance
K in severalty subject to teh encumbrance
K and L as tenants in common free of the encumbrance
K and L as tenants in common subject to the encumbrance
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Undivided interest in the whole
Undivided interest in common areas and separate interests in individual units
Separate interests in the whole
Divided interest in common areas and undivided interest in each unit
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