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Question 1 of 9
1. Question
Match the words to it’s correct definition.
Sort elements
- Feudal system
- Allodial system
- Estate
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System of land ownership in which the sovereign owns all the land and grants lesser interest to others in return for services.
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System of real property ownership in which an individual's ownership may be complete or absolute.
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An interest in the land that is or may become possessory.
CorrectIncorrect -
Question 2 of 9
2. Question
Match the words to it’s correct definition.
Sort elements
- Fee Simple Absolute
- Fee Simple Defeasible
- Life estate
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The highest and most complete form of ownership, which is of potentially infinite duration
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Ownership may revert to the grantor if a specified event occurs or a condition is not met.
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A freehold estate whose duration is measured by the lifetime of one or more persons.
CorrectIncorrect -
Question 3 of 9
3. Question
Match the words to it’s correct definition.
Sort elements
- Waste
- Estate for years
- Periodic tenancy
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Permanent damage to real property caused by the party in possession, harming the interest of other estate holders.
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A leasehold estate with a fixed term.
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A leasehold estate that is renewed at the end of each period unless one party gives notice of termination.
CorrectIncorrect -
Question 4 of 9
4. Question
Match the words to it’s correct definition.
Sort elements
- Ownership in severalty
- Tenancy in common
- joint tenancy
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Sole ownership of property.
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Joint ownership where there is no right of survivorship
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Joint ownership with right of survivorship.
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Question 5 of 9
5. Question
Match the words to it’s correct definition.
Sort elements
- community property
- Tenancy by the entirety
- Dower and curtesy rights
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Property owned jointly by husband and wife.
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A form of joint ownership of property by a married couple.
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Gives a husband rights to his wife's property and vice versa.
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Question 6 of 9
6. Question
Match the words to it’s correct definition.
Sort elements
- Partnership
- Corporation
- Limited liability company
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Association of 2 or more persons to carry on a business for profit.
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An artificial person, a legal entity separate from shareholders.
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Alternative business form
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Question 7 of 9
7. Question
Match the words to it’s correct definition.
Sort elements
- Condominiums
- Cooperative
- Planned unit development
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Individual unit owners have separate title to their own units, but shared ownership of the common elements as tenants in common.
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Owned by a corporation and tenanted by shareholders.
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Smaller lots placed close together in order to leave more land available for open common areas.
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Question 8 of 9
8. Question
Match the words to it’s correct definition:
Sort elements
- Timeshare
- Real estate investment trust
- right of survivorship
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Ownership interest or use right that gives a holder a right to possession of the property for a specific limited period of time each year.
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Entity that invests in real estate; can have tax advantages.
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The right by which surviving joint tenants acquire a joint tenant's interest in the property upon her death.
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Question 9 of 9
9. Question
Match the words to it’s correct definition:
Sort elements
- Tenancy at will
- Freehold
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Tenant occupies the property with the landlord's consent, but duration of tenancy is uncertain
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A possessory interest that has an indeterminable duration and includes title
CorrectIncorrect