Chapter 8: Real Property Rights (FITB)

Question 1

Three legal rights contained in the bundle of rights include ____, ____, and ____.

Answer 1

disposition, use, exclusion

Question 2

____ rights allow a property owner whose property borders on a river or stream the use of the water.

Answer 2

Riparian

Question 3

Freehold estates involve ____ by the tenant.

Answer 3

ownership

Question 4

The four unities required to create a joint tenancy are ____, ____, ____ and ____.

Answer 4

possession, interest, time, title

Question 5

A ____ and ____ may hold a tenancy by the entireties.

Answer 5

husband, wife

Question 6

A joint tenancy and a tenancy by the entireties both include a right of ____.

Answer 6

survivorship

Question 7

____ days’ notice is required to terminate a week-to-week tenancy at will.

Answer 7

Seven

Question 8

A tenancy for years must have a definite beginning date and a definite ____ ____.

Answer 8

ending date

Question 9

The estate that may be created by the same or different deeds is the tenancy ____ ____.

Answer 9

in common

Question 10

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 ____.

Answer 10

remainderman

Question 11

The right to occupy specific space granted by a cooperative association is known as a ____ ____.

Answer 11

proprietary lease

Question 12

The document that creates a condominium is the ____.

Answer 12

declaration

Question 13

Ownership of ____ ____ ____ distinguishes ownership in a cooperative association.

Answer 13

shares of stock

Question 14

A timesharing concept that allows use but not ownership is referred to as a ____ ____ ____ ____ ____.

Answer 14

vacation lease, right to use

Question 15

Property that is except from execution of foreclosure to satisfy a personal debt of the head of the household can be up to one-half acre within a city of up to ____ acres outside a city.

Answer 15

160