5 Written questions
5 Matching questions
- Riparian Rights
- Fee Simple (Fee Simple Absolute)
- Life Estate
- Intangible Personal Property
- a The addition of possession periods by different adverse possessors.
- b Property that represents a set of rights that have no existence but that do represent control or ownership of something of value.
- c Rights of the owners of lands adjoining streams, rivers and lakes relating to the water and its use.
- d Estate of real property the duration of which is measured by the life or lives of one or more persons.
- e Estate of real property with infinite duration and no restrictions on use. Highest and best kind of estate an owner can have.
5 Multiple choice questions
- The transfer of title of some of all of the ownership rights to real property from one person to another. A conveyance is usually by instrument such as a deed, lease, or mortgage.
- Land and those things that are more or less permanently attached to the land, such as homes, office buildings and trees.
- Air conditioning units, dishwashers, shelving, counters.
- Property that has a physical substance- something you can hold, see or hear.
- Item of personal property that becomes real property because of its attachment to the land of a building.
5 True/False questions
Devise → Written document that transfers ownership of real property from one person to another.
Possession → Occupation of land evidenced by visible acts such as enclosure, cultivation, the construction of improvements, or the occupancy of existing improvements.
Inheritance → Ability to acquire ownership to real property because of one's kinship to a deceased property owner who dies without a will.
Fee Simple on Condition Subsequent → Exists when a fee simple is subject to a power in the grantor (person who conveyed the fee) to recover the conveyed estate on the happening of a specified event.
Appropriation → Occupation of land evidenced by visible acts such as enclosure, cultivation, the construction of improvements, or the occupancy of existing improvements.