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WRA Chapter 7 True False Questions & answers
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WRA Chapter 7 True False Questions & answers
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WRA Chapter 7 True/FalseA co-owner who holds title to a property as a tenant in common must receive
consent from the other owners prior to selling their ownership interest in a
property. - CORRECT ANSWER-False
An advantage to owning a limited common element is that maintenance
responsibilities are likely to be assigned to the association. - CORRECT
ANSWER-True
A mobile home on rented property is personal property. - CORRECT
ANSWER-True
A property is held in joint tenancy unless a deed states otherwise. - CORRECT
ANSWER-False
The highest form of ownership is the fee simple defeasible estate in land. -
CORRECT ANSWER-False
The condominium unit is intended for individual use and the owner is entitled to
exclusive ownership and possession of the unit. - CORRECT ANSWER-True
A, B, and C hold title as joint tenants. C sells his portion to M. M will take title as
a joint tenant with A and B. - CORRECT ANSWER-False
Under Wisconsin's homestead law, both spouses must sign a deed before title to
a homestead can be transferred. - CORRECT ANSWER-True
A joint tenant cannot file a partition suit against the other owners. - CORRECT
ANSWER-False
Co-owners who hold title to a property as tenants in common receive title without
probate if a co-owner dies. - CORRECT ANSWER-False
Both the property owner and the tenant are required to make certain
improvements during the term of all leases. - CORRECT ANSWER-False
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