16 - Partial Interests

Question 1

Divided or undivided rights in real estate that represent less than the whole would be _________ _________

Answer 1

Partial Interest

16-139

Question 2

____ _______ estate includes absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers

Answer 2

Fee Simple

16-340

Question 3

PETE stands for
P
E
T
E

Answer 3

Police power
Eminent Domain
Taxation
Escheat

16-340

Question 4

Easements, right of way, water rights, riparian rights and littoral rights are all examples of __________ restrictions on ownership

Answer 4

Private

16-340

Question 5

________ rights deal with water rights of flowing water through a property whereas __________ rights deal with land that is adjacent to large bodies of water like lakes

Answer 5

Riparian
Littoral

16-340

Question 6

When a _______ is signed, the right to occupy a parcel or portions of a parcel of a property is conveyed

Answer 6

Lease

16-344

Question 7

The ________-____ interest represents the right of the landowner

Answer 7

Leased-fee

16-344

Question 8

The ____________ interest represents the interest of the lessee or leaseholder

Answer 8

Leasehold

16-345

Question 9

In ______ _________ the property owner conveys the right to own the real estate in fee simple after the death of the life tenant to a party known as the __________

Answer 9

Life estates
Remainderman

16-346