2.7

Question 0

A _______ is a type of freehold estate that cannot be inherited.

Answer 0

Life estate

Question 1

A ______ is a type of leasehold estate that expires with the death of the owner.

Answer 1

Tenancy at will

Question 2

If the lessee is not paying any consideration for rent, it is _______.

Answer 2

Tenancy at will

Question 3

______ is the type of freehold estate in which the owner has unconditional power.

Answer 3

Fee simple absolute

Question 4

A leasehold estate that exists when a tenant remains in possession of property after the expiration of the lease is called _______.

Answer 4

Tenancy at sufferance

Question 5

Common law duties of a lessor are to give the tenant the possession and to make it ________.

Answer 5

Habitable

Question 6

When there is a holdover tenant (i.e.: someone who refuses to vacate after the lease expires), it is a ______ type of leasehold estate.

Answer 6

Tenancy at sufferance

Question 7

Freehold is the estate that has to do with _____ of real estate.

Answer 7

Ownership

Question 8

Leasehold is the estate when you __________.

Answer 8

Rent or lease

Question 9

An owner has transferable rights to real property that are subject to certain ________ rights.

Answer 9

Government

Question 10

The owner is entitled to the entire property with unconditional power of disposition during the _____ life.

Answer 10

Owner’s

Question 11

The property descends to the owner’s heirs and legal representatives upon the owner’s ______.

Answer 11

Death intestate

Question 12

_______ is the type of estate that offers the most power of ownership.

Answer 12

Freehold estate

Question 13

A _______ is the right to ownership of the property upon the death of the life tenant.

Answer 13

Remainder

Question 14

A ______ is the name of the person who receives possession of the property upon the death of the life tenant.

Answer 14

Reaminderman

Question 15

________ is the freehold interest in real property that expires upon the death of the owner (the life tenant or some other specified person.

Answer 15

Life estate

Question 16

_______ is a type of leasehold estate that lasts for some fixed period of time.

Answer 16

Fixed-term tenancy, or tenancy for years

Question 17

_______ is a type of tenancy that is known as a tenancy from year to year, month to month or week to week.

Answer 17

Periodic tenancy

Question 18

_______ is the type of property ownership that exists when the grant of title or duration of ownership is dependent on a specified condition.

Answer 18

Fee simple defeasible

Question 19

______ is a type of tenancy that describes any leasehold where wither the landlord or the tenant may terminate the tenancy at any time.

Answer 19

Tenancy at Will

Question 20

______ is a type of tenancy that is sometimes called a holdover tenancy, and exists when a tenant stays in possession property after the expiration of his or her lease, and remains until the landlord acts to eject that tenant from the property.

Answer 20

Tenancy at sufferance

Question 21

The characteristic of _____ means that the property must be either land, or some interest derived from or affixed to land.

Answer 21

Immobility

Question 22

A mortgage registry tax rate paid by the buyer to the county is _____ times the debt secured by mortgage.

Answer 22

.0023

Question 23

The state deed tax rate is ______ times the sale price.

Answer 23

.0033

Question 24

The two real estate recording systems in Minnesota are abstract and _____.

Answer 24

Torrens

Question 25

_______ are the linkages from grantor to grantee.

Answer 25

The chain of title

Question 26

The ______ is the last grantee found in a chain of title.

Answer 26

Title holder of record