Chapter 8- Real Property Rights Flashcards
Three legal rights contained in the bundle of rights include ____, ____, and ____
Disposition
Use
Exclusion
____ rights allow a property owner whose property borders on a river or stream the use of the water
Riparian
Freehold estates involve ____ by the tenant
Ownership
The four unities required to create a joint tenancy are:
Possession, interest, time, and title
A ____ and ____ only may hold a tenancy by the entireties
Husband and wife
Joint tenancy and a tenancy by the entireties both include a right of _____
Survivorship
___ days’ notice is required to terminate a week to week tenancy at will
7
A tenancy for years must have a definite beginning date and a definite ____ ____
Ending date
The estate that may be created by the same or different deeds is the tenancy ___ ____
In common
If title passes upon the death of a life tenant to a party other than the original grantor the party receiving the ownership rights is called a _____
Remainderman
The right to occupy specific space granted by a cooperative association is known as a ____ _____
Proprietary lease
The document that creates a condominium is the ____
Declaration
Ownership of ____ ___ ___ distinguishes ownership in a cooperative association
Shares of stock
A timesharing concept that allows use but not ownership is referred to as a ___ ____
Vacation lease
Property that is exempt from execution of foreclosure to satisfy a personal debt of the head of the household can be up to 1/2 acre within a city or up to ___ acres outside of the city
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