Real Estate Rights and Property Quiz

<p>A collection of rare books. (D)</p> Signup and view all the answers

<p>The intention of the parties involved. (A)</p> Signup and view all the answers

<p>A portable television. (C)</p> Signup and view all the answers

<p>Fixtures are considered real property, while personal property is not. (C)</p> Signup and view all the answers

<p>Real property ownership includes ownership of the air space above the land. (C)</p> Signup and view all the answers

<p>Each owner holds shares and a proprietary lease. (B)</p> Signup and view all the answers

<p>Dower/curtesy only applies to real property, while elective share includes both real and personal property. (A)</p> Signup and view all the answers

<p>A surviving spouse may receive a disproportionate share of the deceased spouse's assets. (A)</p> Signup and view all the answers

<p>It is based on a legal presumption that all property jointly acquired during marriage belongs equally to both spouses. (A)</p> Signup and view all the answers

<p>An inheritance received by one spouse during the marriage. (B)</p> Signup and view all the answers

<p>States with a strong history of Spanish influence. (B)</p> Signup and view all the answers

<p>Community property provides a more equitable distribution of assets acquired during the marriage. (D)</p> Signup and view all the answers

<p>It may limit the ability of one spouse to make independent financial decisions. (A)</p> Signup and view all the answers

<p>Maximum number of occupants allowed per unit (D)</p> Signup and view all the answers

<p>The covenant is outdated and no longer relevant to the neighborhood (D)</p> Signup and view all the answers

<p>Individuals who have a legal right to enforce the covenant (B)</p> Signup and view all the answers

<p>Specific Lien (B)</p> Signup and view all the answers

<p>General liens apply to all of a debtor's property, while specific liens apply only to a specific piece of property. (D)</p> Signup and view all the answers

<p>Partnership (A)</p> Signup and view all the answers

<p>Indirect co-ownership involves an entity holding title to the property, while direct co-ownership involves multiple individuals holding title. (C)</p> Signup and view all the answers

<p>Prohibition on home-based businesses (A)</p> Signup and view all the answers

<p>Easement (D)</p> Signup and view all the answers

<p>A driveway (A)</p> Signup and view all the answers

<p>It is a right to use land unrelated to another parcel. (B)</p> Signup and view all the answers

<p>A license grants a right, while an easement grants permission. (B)</p> Signup and view all the answers

<p>It is transferable separately from land title or ownership. (C)</p> Signup and view all the answers

<p>Exclusive easement in gross (C)</p> Signup and view all the answers

<p>A homeowner has a right to use the driveway on the neighboring property. (C)</p> Signup and view all the answers

<p>Florida (B)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>The right to extract the oil and gas. (D)</p> Signup and view all the answers

<p>Timeshare (D)</p> Signup and view all the answers

<p>Disposition (B), Exclusive possession (C)</p> Signup and view all the answers

<p>Leases (D)</p> Signup and view all the answers

<p>Spanish (B)</p> Signup and view all the answers

<p>One-third (A)</p> Signup and view all the answers

<p>The ability to use the timeshare within a 3-month period. (B)</p> Signup and view all the answers

<p>Tenancy in common (D)</p> Signup and view all the answers

<p>Tenancy in common (B)</p> Signup and view all the answers

<p>Joint tenancy (A)</p> Signup and view all the answers

<p>It restricts the rights of the wife in the property. (C)</p> Signup and view all the answers

<p>Condominium (D)</p> Signup and view all the answers

<p>The potential for conflicts with the condo association over rules and regulations. (C)</p> Signup and view all the answers

<p>The ability to have complete control over exterior design and landscaping. (D)</p> Signup and view all the answers

<p>The potential for high HOA fees and regulations. (D)</p> Signup and view all the answers

Claims individuals have regarding ownership and use of property.

Freedoms guaranteed by the Constitution, protecting individual liberties.

Rights in land and permanent structures, including surface, air, and subsurface.

All property that is not real property, such as goods and intellectual property.

Real property that used to be personal property, now attached to land.

The parties' purpose behind the arrangement, crucial in determining fixtures.

The collection of rights that comes with property ownership, including using and selling.

Real property rights exist in three dimensions: surface, air, and subsurface.

Legislation establishing rights for landlords and tenants in Florida.

The right to use land for a specific and limited purpose.

Right of a dominant parcel to use a servient parcel.

Allows the holder to do something on a servient parcel.

Prevents the servient owner from doing something that affects the dominant parcel.

Right to use land unrelated to any other parcel, often commercial.

Conveys all rights of the easement, allowing access to others.

Permission to use land, revocable and terminates with certain events.

A form of co-ownership where multiple owners can hold different share sizes and sell their interest independently.

Co-ownership where the last surviving owner inherits the entire property, featuring a right of survivorship.

A joint tenancy specifically for married couples, protecting both spouses against individual liens.

Ownership model combining individual property ownership with shared ownership in common areas, defined by bylaws.

Owners have specific rights and obligations, including sharing costs and adhering to bylaws.

Potential issues include noise, privacy concerns, and restrictive rules from the management.

A feature of joint tenancy allowing the surviving co-owner to inherit the entire property automatically.

The effectiveness of management can greatly affect the living experience and property value.

Covenants that impose restrictions on land use, established during land conveyance.

Restrictions can be created through individual deeds or recorded for subdivisions.

Covenants can be enforced by court injunction, typically by parties with interest.

Liens arising from events unrelated to specific property, like tax liens.

Liens stemming from the ownership or use of a specific property, like a mortgage.

Ownership of property shared among multiple individuals, with rights of exclusive possession.

Ownership managed through an entity where individual interests are undivided.

Documents to examine include declarations, bylaws, and budgets.

A corporation owns property; owners hold shares and leases without term or rent.

Automatic property rights for surviving spouses; one-third life estate.

Surviving spouse can claim up to one-third of decedent's assets by election.

Marital property acquired during marriage; each spouse owns half.

Lease held by cooperative members in shared ownership structure.

Legal provisions granting spouses rights to each other’s properties post-death.

Dower rights make a deceased spouse's property hard to sell.

A type of property ownership that allows multiple owners the right to use a property for specific time intervals.

Legal questions regarding ownership and use of land under or near bodies of water and groundwater.

A property interest that allows the owner to extract minerals from the land, sometimes implying ownership above the minerals.

Legal principle stating that oil or gas is not owned until extracted, often associated with ownership states.

The issue concerning whether an item is considered a fixture (real property) or personal property based on the intent of the parties.