16 - Partial Interests Flashcards
Divided or undivided rights in real estate that represent less than the whole would be _________ _________
Partial Interest
16-139
____ _______ estate includes absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers
Fee Simple
16-340
PETE stands for
P
E
T
E
Police power
Eminent Domain
Taxation
Escheat
16-340
Easements, right of way, water rights, riparian rights and littoral rights are all examples of __________ restrictions on ownership
Private
16-340
________ 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
Riparian
Littoral
16-340
When a _______ is signed, the right to occupy a parcel or portions of a parcel of a property is conveyed
Lease
16-344
The ________-____ interest represents the right of the landowner
Leased-fee
16-344
The ____________ interest represents the interest of the lessee or leaseholder
Leasehold
16-345
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 __________
Life estates
Remainderman
16-346