(8) Real Property Rights Flashcards
Three legal rights contained in the bundle of rights include
Possession
Disposition
Quiet Enjoyment
_____ rights allow a property owner whose property borders on a river or stream the use of water
Riparian
A fee estate held by two or more person with no right to survivorship
Tenancy in common
What tests are used by courts to determine whether an item is real or personal property
Intent, relationship of the parties, method of annexation, and adaptation
What are four unities required to create a joint tenancy
Possession, interest, time, and title
Sole ownership of the entire bundle of rights
Estate in severalty
Husband and Wife
In the event of a divorce, the ownership converts to a tenancy in common, unless otherwise dictated by a court
Tenancy by the entireties
Doesn’t include legal title to real property
Tenancy for years
Month to month renting, no termination date. Must be terminated by landlord or tenant by giving legal notice
Tenancy at will
The tenant remained in possession after expiration of a lease
Tenancy at sufferance