20 Questions
The name of the development
unknown
The lot and block
unknown
The plat or official records book
unknown
The page number
unknown
The county and state
unknown
The size of the following property
10 acres
Property owned in only one name is owned in this manner
severalty
The name of ownership of property by more than one person
concurrent ownership
If special language is not used in a deed, concurrent owners are deemed to hold title to property in this fashion
as tenants in common
With this type of concurrent ownership, the owners can own equal or unequal shares
tenancy in common
Estates can be divided into these two major ______.
categories
This is the greatest estate one may ______.
hold
The holder of a life estate does not have this legal ______.
right
'DUPE' stands for ______.
rights of disposition, use, possession, and exclusion
These are the four types of ______.
leaseholds
What is a planned unit ______?
development (PUD)
What is the definition of a ______?
cooperative
These two things must be recorded to create a planned unit ______.
development
What is the cooling off period provided by statute to purchasers of a ______ share?
time
These are the time periods within which to cancel a contract for a condominium unit if a new sale and if a ______.
resale
Test your knowledge on estates and tenancies with this quiz! Learn about the different categories of legal methods of property descriptions, including title holding. Can you answer questions on freehold estates, leasehold estates, and fee simple absolute? Challenge yourself with this quiz and expand your understanding of estates and tenancies.
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