PA RE 1 - Property Ownership 5

The term real property includes -land -things permanently attached to land -both

A freehold estate may be held for -a lifetime -unlimited amount of time -both

A ninety nine year lease on real property is 1. an estate in land 2 a freehold estate 3an estate less than feehold 4personal property 1 only / 1, 3 & 4 only / 1&2 only /3 only

The right of the government to take private land for public use is known as 1 eminent domain 2 condemnation neither 1 or 2 1 only both 1 & 2 2 only

The process of excersing the power of eminent domain to acquire private land for public use is known as -escheat -eminent domain -condemnation

The 2 types of estates in land are called freehold estates and _______ -personal estates -fee simple estates -life estates -estates less than freehold

Freehold estate means ownership, estate less than freehold means __________ -use -personal -qualified -rental

Another name for an estate less than freehold is ______ estate -rental -leasehold -personal -freehold

Estates less than freehold are considered to be _______ property. -encumbered -real -personal -mortgaged

The holder of an estate less than freehold is called the ____________ -lessor -lessee -grantee -grantor

The landlord in an estate less than freehold is called the _______ -grantee -grantor -lessor -lessee

During the life of an estate less than freehold the landlord is said to hold a _______ -fee estate -remainder interest -qualfied fee estate -reversion interest

The landlords right to regain possession at the end of a lease is called a ______ -remainder interest -qualified fee estate -reversion interest -right of escheat

A leasehold estate that has a specific start and ending date is called a _______ -estate at will -estate for years -periodic estate -estate at suffererance

The duration of an estate for years _____ -is more than a year -must be less than a lifetime -can be any length -is one year