Exam (elaborations)
NCEES PS EXAM (BOUNDARY LAW AND TERMS) PASSED!!
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NCEES PS EXAM (BOUNDARY LAW AND TERMS) PASSED!!
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NCEES PS EXAM (BOUNDARY LAW ANDTERMS) PASSED!!
The general presumption is that the rights you acquire in an estate extend from
the center of the earth to the heavens above. However, the owner may hold
that entire bundle or not. One can only convey the quantity and quality of
interest they have. Answer - Bundle of Rights
Real property Answer - Real property is fixed and immovable
Personal Property Answer - Personal property is consumable
Fee Simple Absolute Answer - an estate in land that provides the owner with a
complete set of legal rights, limited only by the powers of government
Fee Answer - an estate that can inherited or divested by will or other
document
Simple Answer - not fee tail (a fee tail estate must be inherited by a specific
person)
Absolute Answer - no limitations on time, estate can continue forever
Defeasible fee simple estate Answer - a future event must be met for the
estate to continue. There are conditions on the estate
Life Estates Answer - Ownership, possession and control for someone's lifetime
, Estate per Autrie Vie Answer - Measured life is other than that of the holder:
"to Jones for the life of Brown and then to Smith in fee simple"
Easements Answer - an interest that one may have in the lands of another
Affirmative Easements Answer - Allows the dominant estate (the one the
easement benefits) to do some physical act over the servient estate (where the
easement is located).
Negative Easements Answer - the dominant estate can prevent the servient
estate from doing something e.g. scenic views
Appurtenant Easements Answer - "run with the land" and are not terminated
by the sale of either the servient or dominant tenement
Easements in Gross Answer - attaches to a person
Easements by estoppel Answer - If a person's actions led someone to believe
they had an easement they would be estopped from denting the use
Similar to adverse possession. The use is
1. Adverse use without permission
2. Open and notorious
3. Continuous
4. For a specific purpose
5. Lasts for the statutory period Answer - Prescriptive Easements
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