Chapter 6 Flashcards
The right of the government to take private property for public use is referred to as:
a. theft.
b. put option.
c. eminent domain.
d. None of the above.
C
__________ are interests in real estate which secure payment or performance of a debt or other monetary obligation, such as a trust deed lien or a local property tax lien.
a. Liens
b. Legal descriptions
c. Title
d. All of the above.
A
The first component of real estate is land, which includes:
a. soil.
b. rocks.
c. reasonable airspace above the earth.
d. All of the above.
D
The right to use water is called a:
a. riparian right.
b. taking.
c. fixture.
d. endorsement.
A
Appurtenant rights include the right of _______ across adjoining properties.
a. ingress
b. egress
c. Both a. and b.
d. Neither a. nor b.
C
A(n) ________ lasts for a specific length of time as stated in a lease agreement entered into by a landlord and tenant.
a. tenancy-at-will
b. estate at will
c. fixed-term tenancy
d. life estate interest
C
On expiration of a lease, a tenant who remains in possession of a property without an agreement or acceptance of rent by the landlord for the extended occupancy becomes a:
a. holdover tenant.
b. equity purchaser.
c. Both a. and b.
d. Neither a. nor b.
A
Improvements that become part of the real estate include:
a. built-ins.
b. walls.
c. attached flooring.
d. All of the above.
D
On expiration of a lease, the passage of real estate fixtures from the tenant to landlord is a conveyance called:
a. waste.
b. tariff.
c. sacrifice.
d. reversion.
D
A landlord may have to pay for the improvements made by a tenant if he does not post and record a(n):
a. Notice of Nonresponsibility.
b. Liability Waiver.
c. unlawful detainer.
d. All of the above.
A
