6.5: Estates and Methods of Holding Title Flashcards
T or F: The right of survivorship is present in tenancy in common
False
What is less-than a freehold estate?
Leasehold estate
The single most important characteristic of joint tenancy is:
Right of survivorship
It is impossible for a corporation to legally hold title as a:
Joint tenant (because of right of survivorship)
Which of the following is not one of the four unities of joint tenancy?
Security
A deeds a life estate to B; upon B’s death, title is to pass to C. This is an example of a:
Remainder estate
The term “fee simple defeasible” is described in which statement?
Owner holds a title subject to deed restrictions
Smith and Dang are joint tenants; Dang sells his half of the property to Brown. Brown will take title with Smith as:
Tenant in common
Community property is defined as property acquired by married spouses or registered domestic partners:
After marriage or domestic registration
Real estate syndicates usually hold title to property as:
A limited partnership
Freehold estates are sometimes called estates of
Inheritance
Ownership is severalty refers to holing title as:
An individual
Garcia owned a life estate in a property: Garcia leased the property to Williams for five years. Two years later, Garcia died. The lease is:
Canceled and invalid upon Garcia’s death
A, B, and C are joint tenants, and they hold title to the NW 1/4 of section 24 in some township. C deeds her interest to D. This means:
D owns a 1/3rd interest in 160 acres
In California, without any evidence to the contrary, married spouses or registered domestic partners are presumed to hold title as:
Community property
