Filters
Question type

Study Flashcards

Kelly leases an office from Land & Building Company (LBC) for a four-year term with the rent payable monthly. At the end of the term, Kelly retains possession of the office with LBC's consent and continues to pay monthly rent. This is​


A) ​a periodic tenancy.
B) ​a tenancy at sufferance.
C) ​a tenancy at will.
D) ​a fixed-term tenancy.

E) B) and C)
F) C) and D)

Correct Answer

verifed

verified

A

The exterior boundaries of land extend down to the depth of the deepest hole and up to the height of the tallest structure and no further.

A) True
B) False

Correct Answer

verifed

verified

Eminent domain is the right of an owner of property in fee simple absolute to use the property as he or she sees fit.

A) True
B) False

Correct Answer

verifed

verified

Nora orally agrees to rent an apartment to Owen for a six-month term. Is this lease enforceable if it is not in writing?​

Correct Answer

verifed

verified

Yes. A lease may be oral. In most states...

View Answer

The covenant of quiet enjoyment guarantees that the buyer will not be disturbed in his or her possession of the land.

A) True
B) False

Correct Answer

verifed

verified

True

The holder of a life estate has the right to use property for whatever purpose he or she sees fit without regard to the rights of a fee simple owner.

A) True
B) False

Correct Answer

verifed

verified

Chita owns the land on which Downwind Farm is situated, plus the farmhouse, barn, and other structures permanently attached to the land. Chita’s brother Elvin owns everything else on the farm—implements, seed, and livestock. The real property is owned by


A) Chita and Elvin.
B) Chita only.
C) Downwind Farm.
D) Elvin only.

E) All of the above
F) None of the above

Correct Answer

verifed

verified

B

A joint tenant's sale of his or her interest terminates the joint tenancy.

A) True
B) False

Correct Answer

verifed

verified

Under the implied warranty of habitability, a tenant impliedly warrants that he or she will "habitate" on the premises during the term of the lease.

A) True
B) False

Correct Answer

verifed

verified

Samantha occupies a house on her mother Ruth's farm without paying rent. Either party can terminate this arrangement without notice. This is​


A) ​a periodic tenancy.
B) ​a tenancy at sufferance.
C) ​a tenancy at will.
D) ​no tenancy.

E) A) and C)
F) All of the above

Correct Answer

verifed

verified

Frank owns GuestHouse Hotel. His ownership rights include the right to sell or give away the property without restriction, as well as the right to commit waste, if he chooses. Frank's ownership interest is​


A) ​a fee simple absolute.
B) ​a profit.
C) ​a life estate.
D) ​the power of eminent domain.

E) A) and D)
F) All of the above

Correct Answer

verifed

verified

To terminate a periodic tenancy. a landlord must give at least one period's notice to the tenant.

A) True
B) False

Correct Answer

verifed

verified

Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip of waterfront property. Northeast gives Manhattan a deed that conveys only whatever interest Northeast has in the strip. This deed is​


A) ​a grant deed.
B) ​a quitclaim deed.
C) ​a special warranty deed.
D) ​a warranty deed.

E) B) and D)
F) All of the above

Correct Answer

verifed

verified

Car Wash Company has a right to direct its customers to drive their vehicles across Don's Gas n' Shop property, which is adjacent to Car Wash's facility. This right is​


A) ​a fee simple absolute.
B) ​a license.
C) ​an easement.
D) ​a profit.

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

Personal property may become real property by attaching it to real property.

A) True
B) False

Correct Answer

verifed

verified

Hank, the owner of Idle Farm, sells Jessie a right to park her RV on Idle land overnight. Jessie's right is​


A) ​a fee simple absolute.
B) ​a license.
C) ​an easement.
D) ​a profit.

E) All of the above
F) A) and D)

Correct Answer

verifed

verified

The landlord is responsible for all damage to leased premises.

A) True
B) False

Correct Answer

verifed

verified

With a tenancy at will, either party can terminate the tenancy without notice.

A) True
B) False

Correct Answer

verifed

verified

A&B Storage, Inc., signs a six-month lease to occupy a warehouse. This is​


A) ​a periodic tenancy.
B) ​a tenancy at sufferance.
C) ​a tenancy at will.
D) a fixed-term tenancy.

E) C) and D)
F) A) and B)

Correct Answer

verifed

verified

Surface and subsurface rights cannot be separated.

A) True
B) False

Correct Answer

verifed

verified

Showing 1 - 20 of 72

Related Exams

Show Answer