Question 1

If Taylor conveys property "to Baines for life" and makes no disposition of the remainder of the estate, Taylor holds
the reversion.

Accepted Answer

A) True 
 B)False

Question 2

A possibility of reverter is the complementary estate to a:

Accepted Answer

A)  fee simple.
B)  qualified fee.
C)  life estate.
D)  reversion.

Question 3

An easement that is appurtenant passes to the new owner of the land.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is NOT an example of co-ownership?

Accepted Answer

A)  A joint tenancy
B)  A tenancy by the entireties
C)  A tenancy in common
D)  A lease between a landlord and a tenant

Question 5

A possessory interest in real property is called an estate.

Accepted Answer

A) True 
 B)False

Question 6

If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

Accepted Answer

A)  the end of the month.
B)  the 15th of the month.
C)  the beginning of the month.
D)  five days after the beginning of the month.

Question 7

An estate from week to week or month to month is called a(n) :

Accepted Answer

A)  fee simple absolute.
B)  estate for years.
C)  periodic tenancy.
D)  tenancy at sufferance.

Question 8

If Arthur conveys his farm to Melissa in fee simple as long as she does not develop the property for non-farm use, in which case the property would revert to Arthur's estate, he has created:

Accepted Answer

A)  a fee simple absolute.
B)  a base fee.
C)  a life estate with a remainder.
D)  a future interest to Melissa.

Question 9

Constructive eviction would result in a discharge of any obligation to pay rent if:

Accepted Answer

A)  proper notice is given to the landlord.
B)  the tenant abandons the apartment.
C)  the tenant fixes the problem.
D)  he serves the landlord with a court order.

Question 10

An interest in the future that arises in a third party is called a(n) :

Accepted Answer

A)  reversion.
B)  remainder.
C)  assignment.
D)  fee simple absolute.

Question 11

Maureen agrees to sell her interest in the farm to Joe.Maureen and her husband, Bill, hold the property as tenants by the entireties.What consequence?

Accepted Answer

A)  There is no sale.
B)  The sale severs the tenancy and creates a tenancy in common.
C)  The sale transfers one-half interest in land.
D)  The sale results in a partition of the land.

Question 12

If Karen assigns her lease to Henry, Karen and Henry are both liable to the landlord for the rent.

Accepted Answer

A) True 
 B)False

Question 13

Explain what is meant by an implied warranty of habitability and how this doctrine has changed the common law approach with respect to residential leases.

Accepted Answer

Under the common law, the landlord is un...

Question 14

Promises made by the landlord and tenant to each other in the lease to do or not to do certain acts are known as:

Accepted Answer

A)  automatic leases provisions.
B)  recordation clauses.
C)  covenants.
D)  reversionary clauses.

Question 15

All interests in property that can be conveyed carry the right to immediate possession.

Accepted Answer

A) True 
 B)False

Question 16

All other estates are derived from the fee simple estate.

Accepted Answer

A) True 
 B)False

Question 17

A tenancy at sufferance is created after the tenant's lease has expired.

Accepted Answer

A) True 
 B)False

Question 18

A profit is not usually exclusive to the owner of that right.

Accepted Answer

A) True 
 B)False

Question 19

If Tom and Tim are joint tenants, they each own a specific half of the property.

Accepted Answer

A) True 
 B)False

Question 20

When a landlord leases property for a given period of time:

Accepted Answer

A)  the tenant is under duty not to commit waste.
B)  the tenant is under a duty not to commit wear and tear.
C)  an estate at sufferance is created.
D)  a fee simple absolute is usually created.

Exam 48: Interests in Real Property

A profit is not usually exclusive to the owner of that right.

Correct AnswerverifiedShow Answer

Which of the following is NOT an example of co-ownership?

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Constructive eviction would result in a discharge of any obligation to pay rent if:

Correct AnswerverifiedShow Answer

If Tom and Tim are joint tenants, they each own a specific half of the property.

Correct AnswerverifiedShow Answer

An easement that is appurtenant passes to the new owner of the land.

Correct AnswerverifiedShow Answer

A tenancy at sufferance is created after the tenant's lease has expired.

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When a landlord leases property for a given period of time:

Correct AnswerverifiedShow Answer

Explain what is meant by an implied warranty of habitability and how this doctrine has changed the common law approach with respect to residential leases.

Correct AnswerverifiedUnder the common law, the landlord is un...View AnswerShow Answer

If Taylor conveys property "to Baines for life" and makes no disposition of the remainder of the estate, Taylor holds the reversion.

Correct AnswerverifiedShow Answer

Maureen agrees to sell her interest in the farm to Joe.Maureen and her husband, Bill, hold the property as tenants by the entireties.What consequence?

Correct AnswerverifiedShow Answer

An interest in the future that arises in a third party is called a(n) :

Correct AnswerverifiedShow Answer

A possessory interest in real property is called an estate.

Correct AnswerverifiedShow Answer

If Karen assigns her lease to Henry, Karen and Henry are both liable to the landlord for the rent.

Correct AnswerverifiedShow Answer

If Arthur conveys his farm to Melissa in fee simple as long as she does not develop the property for non-farm use, in which case the property would revert to Arthur's estate, he has created:

Correct AnswerverifiedShow Answer

A possibility of reverter is the complementary estate to a:

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All other estates are derived from the fee simple estate.

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If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

Correct AnswerverifiedShow Answer

Promises made by the landlord and tenant to each other in the lease to do or not to do certain acts are known as:

Correct AnswerverifiedShow Answer

An estate from week to week or month to month is called a(n) :

Correct AnswerverifiedShow Answer

All interests in property that can be conveyed carry the right to immediate possession.

Correct AnswerverifiedShow Answer

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Under the common law, the landlord is un...
View Answer

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