16 - Partial Interests Flashcards

1
Q

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

A

Partial Interest

16-139

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2
Q

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

A

Fee Simple

16-340

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3
Q

PETE stands for
P
E
T
E

A

Police power
Eminent Domain
Taxation
Escheat

16-340

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4
Q

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

A

Private

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5
Q

________ 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

A

Riparian
Littoral

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6
Q

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

A

Lease

16-344

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7
Q

The ________-____ interest represents the right of the landowner

A

Leased-fee

16-344

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8
Q

The ____________ interest represents the interest of the lessee or leaseholder

A

Leasehold

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9
Q

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 __________

A

Life estates
Remainderman

16-346

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