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15 Cards in this Set
- Front
- Back
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Three legal rights contained in the bundle of rights include ___________, __________ and _____________. |
(DUE) Disposition, Use, and Exclusion |
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______________ rights allow a property owner whose property borders on a river or stream the use of the water. |
Riparian |
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Freehold estates involve ______________ by the tenant. |
ownership |
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The four unities required to create a joint tenancy are _____________, ___________, __________ and ______________. |
(PITT) Possession, Interest, Time and Title. |
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A ___________ and _______ only may hold a tenancy by the entireties. |
husband wife |
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A joint tenancy and a tenancy by the entireties both include a right of ______________. |
survivorship |
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______ days' notice is required to terminate a week-to-week tenancy at will. |
7 |
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A tenancy for years must have a definite beginning date and a definite ___________ _______. |
ending date |
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The estate that may be created by the same or different deeds is the tenancy ____ ___________. |
in common |
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If title passes upon the death of a life tenant to a party other than the original grantor the party receiving the ownership rights is called a _______________. |
remainderman |
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The right to occupy specific space granted by a cooperative association is known as a ______________ _________. |
proprietary lease |
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The document that creates a condominium is the ______________. |
declaration. |
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Ownership of ________ ____ _________ distinguishes ownership in a cooperative association. |
shares of stock |
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A timesharing concept that allows use but not ownership is referred to as a ____________ __________. |
vacation lease/license |
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Property that is exempt from execution of foreclosure to satisfy a personal debt of the head of the household can be up to 1/2 acre within a city or up to ________ acres outside a city. |
160 acres |
