Property Ownership, Transfer of Title & Land Use 12.1 Flashcards

1
Q

What two absolute estates are there?

A

Fee simple absolute estates

Fee simple defeasible estates

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2
Q

fee simple absolute is

A

The highest type of interest in real estate recognized by law because there are no limitations

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3
Q

Fee simple absolute exceptions

A

Zoning laws

Common interest community

Restrictive covenants

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4
Q

fee simple defeasible estate there are?

A

limitations placed on ownership

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