Flashcards in Chapter 8: Real Property Rights (FITB) Deck (15):
Three legal rights contained in the bundle of rights include ____, ____, and ____.
disposition, use, exclusion
____ rights allow a property owner whose property borders on a river or stream the use of the water.
Freehold estates involve ____ by the tenant.
The four unities required to create a joint tenancy are ____, ____, ____ and ____.
possession, interest, time, title
A ____ and ____ may hold a tenancy by the entireties.
A joint tenancy and a tenancy by the entireties both include a right of ____.
____ days' notice is required to terminate a week-to-week tenancy at will.
A tenancy for years must have a definite beginning date and a definite ____ ____.
The estate that may be created by the same or different deeds is the tenancy ____ ____.
If title passes upon the death of a life tenant to a party other than the original grantor, the party receiving the ownership rights is called a ____.
The right to occupy specific space granted by a cooperative association is known as a ____ ____.
The document that creates a condominium is the ____.
Ownership of ____ ____ ____ distinguishes ownership in a cooperative association.
shares of stock
A timesharing concept that allows use but not ownership is referred to as a ____ ____ ____ ____ ____.
vacation lease, right to use