Multiple Choice Questions:
Which of the following categorize leasehold estates?
a) Tenancy for a stated period
b) Tenancy from period to period
c) Tenancy at will
d ) all of the above
A person or organization with a remainder interest is called what?
b) life tenant
d) none of the above
The ownership rights associated with the area underneath the earth´s surface is called what?
a) Surface rights
b) Air rights
c) Subsurface rights
d) Property rights
Encumbrance is a general term for a restriction on the fee simple estate interest.
All property that is real property is called personal property.
Dying without a valid will is called a testate.
Someone, usually a spouse or family member, with a claim on a deceased person´s property is called an heir.
Alienable is the right to transfer property rights while the owner is alive.
d) a) c)
True, False, False, True, True