Easement by necessity - Study guides, Class notes & Summaries

limited partnership - A partnership composed of general and limited partners whose contribution and liability are limited and specifically defined joint tenancy - a form of co-ownership between two or more persons of an interest in real property whereby such persons own the interest together and each person has exactly the same rights in that interest as his co-tenants. Joint tenancy is created by the act of the parties. The key is the right of survivorship. easement in necessity - Arises ...

Principles of Louisiana Real Estate Unit 1 National Portion. Exam Questions With 100% Verified Answers. Land - answerEarth's surface extending downward to the center of the earth real estate - answerAlso called "real property," it is land and anything permanently attached to the land, such as buildings, fences and items that are attached to the buildings. improvements - answerChanges or additions made to a property, such as walls or roads, and so on. These typically increase the value ...

Which of the following is an economical characteristic of land? - ANSWER-Situs A man gave his best friend the right to go hunting on his farm. This would be an example of a (an): - ANSWER-Easement in gross You and your spouse own your house in a form of ownership in which neither of you can sell the house individually your form of ownership is most likely: - ANSWER-Tenancy by entirety When discussing the concept of total square footage with your client , what is the best way to describe...

Which of the following is an economical characteristic of land? - ANSWERSitus A man gave his best friend the right to go hunting on his farm. This would be an example of a (an): - ANSWEREasement in gross You and your spouse own your house in a form of ownership in which neither of you can sell the house individually your form of ownership is most likely: - ANSWERTenancy by entirety Joint Tennessee is a form of: - ANSWERCoownership A joint tenant may transfer his or her interest under...

MIE 305 Exam Questions And Answers 100% Verified Real Property - answerThe legal interests in land and things attached to, or growing on land. Personal Property - answerReferred to generally as chattel, the rights, powers, and privileges a person has in things that are not real property, may be transferred by sale, gift, or will. Chattels Real - answerAn interest in land, such as a leasehold. Chattels Personal - answerMoveable personal property. Chattel Personal in Action - answerSomethi...

1 OHIO REAL ESTATE TEST QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ old car - -obedience loyalty disclosure confidentiality accounting reasonable care how do people typically hold title when married? - -tenancy the entirety how long can you be supervised after anti trust stuff? - -10 yrs whats the easement when someone needs access to road or is otherwise landlocked - -easement by necessity when a trust wants to sell its property- who is the legal title holder? - -the trustee ...

Real property → The land and anything permanently affixed to it Fixture → An item of personal property that has been converted to real estate by being permanently affixed to the land or building A Fixture → Personal property attached to real property. It becomes "real" once annexed. If detached from land or building it would revert back to personal property (severance). Trade fixture → An item installed by commercial tenant and removable by tenant before expiration of ...

Easement by prescription - Answer Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity - Answer Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egress over a grantors land) Rescission - Answer The practice of one party canceling or terminating a contract. Mortgagee - Answer The bank(receiving the house) Tax prorations - Answer Taxe...

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...