Title Issues

Question 1

is tax levied on real estate according to the value.

Answer 1

ad valorem tax

Question 2

rights of property owners whose property borders flowing water.

Answer 2

riparian rights

Question 3

the right of an owner to redeem property lost in a delinquent tax sale. The right is limited to a state-defined period.

Answer 3

statutory right of redemption

Question 4

a lien recorded against the title to real estate by one who supplied materials or labor.

Answer 4

mechanics lien

Question 5

is one using the land of another with the intent to claim ownership. The use must be open, notorious, continuous, hostile, and adverse to the owner’s possession.

Answer 5

adverse possession

Question 6

a parcel of land divided into smaller parts such as blocks and lots.

Answer 6

subdivision

Question 7

is a trespasser’s attempt to claim the right to an easement across a property because the use was open, continuous, uninterrupted, hostile, and adverse to the owner’s intent.

Answer 7

prescriptive easement

Question 8

the right of the government to take private property for public use with just compensation being paid to the property owner.

Answer 8

eminent domain

Question 9

the act of taking property through eminent domain.

Answer 9

condemnation

Question 10

it is a geographic area zoned to allow mixed use of residential, commercial, industrial, and so on.

Answer 10

Planned Unit Development

Question 11

is a use that is allowed to continue (grandfathered) because the use existed prior to the ordinance restricting the use.

Answer 11

nonconforming use

Question 12

a local government’s permission to allow one to use property in a manner that is prohibited by existing zoning ordinances.

Answer 12

variance

Question 13

the right to use the land of another for a particular purpose.

Answer 13

easement

Question 14

the verbal or written personal privilege to enter the land of another for a specific purpose.

Answer 14

license

Question 15

a single family home where you own only the land under the footprint of the home. The surrounding land is considered to be common area that, in theory, is kept up by the homeowners association.

Answer 15

horizontal property regime

Question 16

Real estate taxes are due by December 31 of each year. The grace period ends on what date?

Answer 16

February 28, or 29 if it is a leap year.

Question 17

A prescriptive easement may be created by using someone else’s property openly (visibly), notoriously, under claim of right, continuously, uninterrupted, and without permission for what period of time?

Answer 17

20 years

Question 18

For taxes paid in arrears, the prorated entry on the closing statement would MOST often indicate

Answer 18

debit the seller; credit the buyer.

Question 19

The assessed value of residential properties is percentage of appraised value?

Answer 19

25%

Question 20

The ad valorem tax is also known as

Answer 20

general real estate property tax

Question 21

When real estate taxes are unpaid, the property is usually sold at a delinquent tax sale after what length of delinquency?

Answer 21

Three years

Question 22

As taxes in Tennessee are paid in arrears, the prorated entry on the closing statement would MOST often indicate

Answer 22

debit the seller; credit the buyer

Question 23

A property owner sells a property but wishes to be granted a right to come back onto the property at any time. The property owner should seek

Answer 23

easement by reservation

Question 24

Which of the following provides zoning authority to Tennessee counties?

Answer 24

the state

Question 25

A seller conveys title of property to a buyer. The property is landlocked. The seller must provide the buyer with

Answer 25

easement by necessity

Question 26

A 50-year-old commercial building is located in the center of a 10-year-old residential subdivision. The commercial building MOST likely has

Answer 26

non-conforming use

Question 27

When a property is lost at a delinquent tax sale, the statutory redemption period in Tennessee for the property to be redeemed is

Answer 27

one year