Chapter 8: Real Property Rights (FITB) Flashcards Preview

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Flashcards in Chapter 8: Real Property Rights (FITB) Deck (15):
1

Three legal rights contained in the bundle of rights include ____, ____, and ____.

disposition, use, exclusion

2

____ rights allow a property owner whose property borders on a river or stream the use of the water.

Riparian

3

Freehold estates involve ____ by the tenant.

ownership

4

The four unities required to create a joint tenancy are ____, ____, ____ and ____.

possession, interest, time, title

5

A ____ and ____ may hold a tenancy by the entireties.

husband, wife

6

A joint tenancy and a tenancy by the entireties both include a right of ____.

survivorship

7

____ days' notice is required to terminate a week-to-week tenancy at will.

Seven

8

A tenancy for years must have a definite beginning date and a definite ____ ____.

ending date

9

The estate that may be created by the same or different deeds is the tenancy ____ ____.

in common

10

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 ____.

remainderman

11

The right to occupy specific space granted by a cooperative association is known as a ____ ____.

proprietary lease

12

The document that creates a condominium is the ____.

declaration

13

Ownership of ____ ____ ____ distinguishes ownership in a cooperative association.

shares of stock

14

A timesharing concept that allows use but not ownership is referred to as a ____ ____ ____ ____ ____.

vacation lease, right to use

15

Property that is except from execution of foreclosure to satisfy a personal debt of the head of the household can be up to one-half acre within a city of up to ____ acres outside a city.

160

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