Real Est-Ch 2

Front 1

A joint tenancy w/the right of survivorship can b created by a deed or a will?

Back 1

True

Front 2

A survivorship feature of a joint tenancy w/ right of survivorship can never be terminated by the parties?

Back 2

False

Front 3

It is mandatory that tenants in common have equal shares?

Back 3

False

Front 4

An owner of tenancy common can sell or mortage his/her interest in the common property without the other common owners consent?

Back 4

True

Front 5

The debts of a single common owner will bind his/her interest in the property but will not affect the common property.

Back 5

True

Front 6

Tenants by the entirety must always be married to each other? T or F?

Back 6

True

Front 7

The division of common property into separate ownerships is called contribution? T or F?

Back 7

False

Front 8

A common owner cannot waive his/herright to partition?
T or F?

Back 8

False

Front 9

Property owned by a spouse before marriage in a community property state is separate property? T or F?

Back 9

True

Front 10

Property acquired by a spouse by gift in a community property state is community?

Back 10

False

Front 11

This is a lien or mortgage that lowers its value and may cloud the property?

Back 11

Encumberance

Front 12

This is an encumbarance that is done by the fed,state or local gov to take over property for the welfare of gen public or to regulate the use of real property?

Back 12

Public Encumbarance such as zoning, bldg codes and the EPA.

Front 13

This is gov regulations/public encumbarence that regulate the use of real property and it prevents property owners from interfering w/other property owners?

Back 13

Zoning

Front 14

This public laws that regulate methods/materials to be used in construction/improvements of property for the health/welfare of citizens?

Back 14

Bldg codes

Front 15

This state/Fed gov and laws that protect/regulate the quality/use of land, water, and air to protect the environment and welfare of citizens?

Back 15

EPA which is funded CERCLA which is a Fed legislation that finances the EPA.

Front 16

This is environmental inspections done above ground to test for any contamination?

Back 16

Phase 1

Front 17

This is an environmental underground exam testing the properties soil/water for contamination?

Back 17

Phase 2

Front 18

This is th power of the gov. to take private property for public use-needs to serve public good

Back 18

Eminent Domain

Front 19

These are taxes assessed/taxed by the city/county against real property measured by the value of the real property?

Back 19

ad volorem taxes