Chapter 3

Question 1

Estates in Land

Answer 1

Degree, Quantity, nature and extent of owner’s interest

Question 2

Freehold

Answer 2

Classified by length of time/refers to how long the estate last.

Question 3

Fee Simple Absolute

Answer 3

Ownership entitles its owner to all rights to the property by law

Question 4

Fee Simple Defeasible

Answer 4

Qualified fee estate that is subject to the occurrence or nonoccurrence of some specified event

Question 5

Life Estate

Answer 5

Get the rights to live there for the rest of your life

Question 6

Pur Autre Ve

Answer 6

A life estate for someone else

Question 7

Legal Life Estate

Answer 7

Created by state law rather than by a property owner.

Question 8

Homestead

Answer 8

A legal life estate occupied as the family home.

Question 9

Commit No Waste

Answer 9

Keeping up with the property.

Question 10

Due Diligence

Answer 10

Getting what you think you are going to get.

Question 11

Encumbrances

Answer 11

Any claim, lien, charge, or liability attached to and binding upon real property.

Question 12

Easements

Answer 12

The right to use the land of another for a particular reason.

Question 13

Easement of Appurtenant

Answer 13

Attached to the ownership of real estate and allows the owner of that property the use of a neighbors land.

Question 14

Easement in Gross

Answer 14

Applies to everyone’s property.

Question 15

Easement by prescription

Answer 15

If the claimant has made use of another’s land for a certain period of time