1. Which of the following has an indefinite duration? a. Freehold Estate b. Less

Question

1. Which of the following has an indefinite duration? a. Freehold Estate b. Less-than-freehold estate c. Estate for years d. License 2. The rights of the owner of property located along the banks of a river are called a. Littoral rights b. Prior appropriation rights c. Riparian rights d. Shared ownership between property owners 3. A life estate conveys to the life tenant a. A leasehold estate b. a reversionary interest c. A legal life estate d. Ownership for life 4. The rights of ownership of real property do NOT include the right of a. Disposition b. Exclusivity c. Control d. Compatibility 5. Private deed restrictions cannot a. Impose a burden on the landowners b. Be illegal c. Be based on a aesthetics (looks) d. Be contrary to existing zoning

Explanation / Answer

1. a) Freehold Estate: Freehold estates are estates of indefinite duration that can exist for a lifetime or forever.

2. c) Riparian rights: Riparian ights is a system for allocating water among those who possess land along its path.

3. d) Ownership for life : a life estate is the ownership of land for the duration of a person's life.

4. d) Compatibility: The right of ownership of real property include the right of possession, the right of control, the right of exclusion, the right of enjoyment and the right of disposition.

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