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CARE Prin Ch. 6:2 Q

Part II: Estate/Estate Freehold Q & A

QuestionAnswer
What is the single most important characteristic of Joint Tenancy? Right of survivorship
A Corporation cannot hold legal title as a what? Joint tenant
Which of the following is not one of the 4 unities of joint Tenancy? Time, interest, security, title, security
The term fee simple defeasible is best described in what? Owner holds title subject to deed restrictions
Which is property defined as Community property? After marriage or domestic partner registration
Real estate syndicates usually hold title to property as what? A limited partnership
What are freehold estate sometimes called? Inheritance.
I wanna share in serveralty refers to hold in title as what and individual
To be valid, all owners must have equal shares, except for what? Community property, joint tenancy, tenants in common, all of the above, Tenants in common
For a married person or registered domestic partner, which of the following is most likely to be separate property? Real estate recently acquired by- a. gift, b. severalty, c. purchase, d. foreclosure gift
Is a Life Estate a Freehold Estate Yes
What is AB1171 A law where you must give 1 year notice if tenant is 62+
Freeholder state consist of what? Fee Estate and Life Estate
Is less than freehold personal property or real property? Personal Property
What is meant by Tenancy at sufferance? Tenant holds over after lease expires
What must you give the tenant if tenant faults on rent? 3-day notice to pay or quit notice
Created by: cobiagwu
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