Barney Fletcher Cram Notes Booklet Exam Study Guide Solutions
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Course
Barney Fletcher
Institution
Barney Fletcher
Barney Fletcher Cram Notes Booklet
Exam Study Guide Solutions
deed - ANSWER-the instrument used to transfer real property
Title - ANSWER-Ownership and the owner's rights
Real Estate - ANSWER-Land + improvements (appertenances)
Physical Characteristics of Land - ANSWER-1. Immovable
2. Indestru...
Tenancy by the Entirety - ANSWER✔✔-form of joint tenancy ownership for husband and wife
Not in GA
Community Property - ANSWER✔✔-property obtained during the course of the marriage
Not in GA
Freehold Estates: - ANSWER✔✔-Ownership; Two Types
2 Types of Freehold Estates - ANSWER✔✔-1. Fee Estates
2. Life Estates (Defeasable with Condition)
2 Types of Fee Estates - ANSWER✔✔-1. Fee Simple (absolute, best form of ownership)
2. Conditional (Defeasible) Property deeded with conditions, voluntary or Legal (Statutory)
Reversionary - ANSWER✔✔-Deeded to the grantee for their life
Upon their death, ownership reverts back to grantor
Remainder - ANSWER✔✔-Deeded by the grantor to grantee. When grantee dies, goes to someone else.
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