Real Estate Law

Question 1

Freehold

Answer 1

An interest in real estate without a predetermined time span (an estate of uncertain duration).

Question 2

Chattel

Answer 2

Personal property including autos and household goods and fixtures

Question 3

Tenancy at sufferance

Answer 3

Tenancy established when a lawful tenant remains in possession of property after expiration of a lease (landlord may oust tenant at any time).

Question 4

Tenancy at will

Answer 4

A license to use or occupy lands and tenements at the will of the owner (tenant may leave or be put out at any time).

Question 5

Tenancy in common

Answer 5

An ownership of realty by two or more persons, each of whom has an undivided interest, without the right of survivorship.

*upon death, his ownership share is inherited by the party designated in his will

Question 6

Joint Tenancy

Answer 6

Ownership of realty by two or more persons, each of whom has an undivided interest with right of survivorship