Chapter 8 & 11

Question 1

Estate in severally has how many owners

Answer 1

1

Question 2

The 2 types of freehold estates are

Answer 2

Fee simple estates and Life Estate

Question 3

The 4 unities required to create a joint tenancy are

Answer 3

Possession..Interest…Time…Title

Question 4

Dying without a will is called

Answer 4

Intestate

Question 5

An owner of a property is called

Answer 5

Tenant

Question 6

Tenancy in common is a fee estate held by how many people

Answer 6

2 or more

Question 7

Anything physical, tangible & immobile and includes the earth’s surface ,subsurface & the air above land this is called

Answer 7

Real Estate

Question 8

The four tests used to decide real or personal properties are as follows

Answer 8

Intent
Relationship
Method of annexation
Adaptation or Article

Question 9

Property rights taken together are called

Answer 9

Bundle of rights

Question 10

The 5 large sticks in the bundle of rights are callec

Answer 10

Possession
Disposition
Enjoyment
Control
Exclusion

Question 11

An estate for spouses only is called

Answer 11

Tenancy by the entireties

Question 12

The party who receives ownership in a life estate is called a

Answer 12

Life Tenant

Question 13

The party who creates a life estate is called a

Answer 13

Grantor

Question 14

The right to regain ownership is called

Answer 14

Reversion Estate

Question 15

When someone other than the original owner takes ownership they are called

Answer 15

Remainder Man

Question 16

Not having an ownership interest in property is called

Answer 16

Non-Freehold

Question 17

When a party is to receive rights in the future

Answer 17

Estate in Expectancy

Question 18

A period to period tenancy is called

Answer 18

Tenancy at will

Question 19

When a tenant is in lawful possession of the property under an agreement with the landlord for a specified period of time this is called

Answer 19

Tenancy Estate For Years

Question 20

Elective share provides a surviving spouse to be entitled up to how much of the descendant real & personal property

Answer 20

30%

Question 21

Passing on a property to legal heirs is called

Answer 21

Descent & Distribution

Question 22

The 2 common laws which establish the rights in a property of widows/widower is called

Answer 22

Dower & Curtesy laws

Question 23

Any real property owned by a head of household who resides there in is called

Answer 23

Homestead Property

Question 24

Leaving with a will is called

Answer 24

Testate

Question 25

Elective share must be filed within a court in how many days

Answer 25

40 days

Question 26

A developer must file what to create a condominium association

Answer 26

Declaration

Question 27

New condominium buyers are allowed how many days right if recession

Answer 27

15

Question 28

When Jodiann buys & own multiple unit building this will be called

Answer 28

Cooperative Association

Question 29

The only lien a Homestead property can be sold for at foreclosure is callec

Answer 29

Judgment Lien

Question 30

The amount of property protected by Homestead rights is limited to how many acres. And if the Homestead is located within a municipality or how many acres

Answer 30

One half 160 acres

Question 31

How many weeks remained are reserved for annual maintainence and refurbishing ..and this is called

Answer 31

Two weeks Interval ownership

Question 32

The sale transfer or subjugation in a contract is called an

Answer 32

Assignment

Question 33

How many people perform in a unilateral contract

Answer 33

1

Question 34

When a tenant is in lawful possession of the property under an agreement with the landlord for a specified period of time this is called

Answer 34

Tenancy Estate for Years

Question 35

When a tenant has a landlord property in the absence of any agreement this is called

Answer 35

Tenancy at sufferance

Question 36

The 2 water rights are

Answer 36

Riparian Litorial

Question 37

Increase in in land area as water deposits soil is called

Answer 37

Accretion

Question 38

Loss of soil .carried away by water is called

Answer 38

Erosion

Question 39

Exposure of dry land once covered by water is called

Answer 39

Reliction

Question 40

An estate involving ownership is called

Answer 40

Freehold Estate

Question 41

The right to regain ownership is called

Answer 41

Reversion Estate

Question 42

The party who receives ownership in a life estate is called

Answer 42

Life Tennant

Question 43

Who creates a life estate

Answer 43

Grantor

Question 44

Passing on property to legal heirs

Answer 44

Descent & Distribution

Question 45

A timeshare property is sold for this period

Answer 45

50 one week time periods per year

Question 46

The florida timeshare act was created in

Answer 46

1981