Master the Basics of Estates and Tenancies with this Quiz!

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Questions and Answers

The name of the development

unknown

The lot and block

unknown

The plat or official records book

unknown

The page number

<p>unknown</p> Signup and view all the answers

The county and state

<p>unknown</p> Signup and view all the answers

The size of the following property

<p>10 acres</p> Signup and view all the answers

Property owned in only one name is owned in this manner

<p>severalty</p> Signup and view all the answers

The name of ownership of property by more than one person

<p>concurrent ownership</p> Signup and view all the answers

If special language is not used in a deed, concurrent owners are deemed to hold title to property in this fashion

<p>as tenants in common</p> Signup and view all the answers

With this type of concurrent ownership, the owners can own equal or unequal shares

<p>tenancy in common</p> Signup and view all the answers

Estates can be divided into these two major ______.

<p>categories</p> Signup and view all the answers

This is the greatest estate one may ______.

<p>hold</p> Signup and view all the answers

The holder of a life estate does not have this legal ______.

<p>right</p> Signup and view all the answers

'DUPE' stands for ______.

<p>rights of disposition, use, possession, and exclusion</p> Signup and view all the answers

These are the four types of ______.

<p>leaseholds</p> Signup and view all the answers

What is a planned unit ______?

<p>development (PUD)</p> Signup and view all the answers

What is the definition of a ______?

<p>cooperative</p> Signup and view all the answers

These two things must be recorded to create a planned unit ______.

<p>development</p> Signup and view all the answers

What is the cooling off period provided by statute to purchasers of a ______ share?

<p>time</p> Signup and view all the answers

These are the time periods within which to cancel a contract for a condominium unit if a new sale and if a ______.

<p>resale</p> Signup and view all the answers

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