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19 Cards in this Set

  • Front
  • Back
A joint tenancy w/the right of survivorship can b created by a deed or a will?
True
A survivorship feature of a joint tenancy w/ right of survivorship can never be terminated by the parties?
False
It is mandatory that tenants in common have equal shares?
False
An owner of tenancy common can sell or mortage his/her interest in the common property without the other common owners consent?
True
The debts of a single common owner will bind his/her interest in the property but will not affect the common property.
True
Tenants by the entirety must always be married to each other? T or F?
True
The division of common property into separate ownerships is called contribution? T or F?
False
A common owner cannot waive his/herright to partition?
T or F?
False
Property owned by a spouse before marriage in a community property state is separate property? T or F?
True
Property acquired by a spouse by gift in a community property state is community?
False
This is a lien or mortgage that lowers its value and may cloud the property?
Encumberance
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?
Public Encumbarance such as zoning, bldg codes and the EPA.
This is gov regulations/public encumbarence that regulate the use of real property and it prevents property owners from interfering w/other property owners?
Zoning
This public laws that regulate methods/materials to be used in construction/improvements of property for the health/welfare of citizens?
Bldg codes
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?
EPA which is funded CERCLA which is a Fed legislation that finances the EPA.
This is environmental inspections done above ground to test for any contamination?
Phase 1
This is an environmental underground exam testing the properties soil/water for contamination?
Phase 2
This is th power of the gov. to take private property for public use-needs to serve public good
Eminent Domain
These are taxes assessed/taxed by the city/county against real property measured by the value of the real property?
ad volorem taxes