#1
Which legal concept refers to the right to use and enjoy a property?
Easement
ExplanationEasement grants the right to use and enjoy someone else's property.
#2
What is the purpose of a 'deed' in real estate transactions?
To transfer ownership interest from one party to another
ExplanationA deed is used to transfer ownership interest from one party to another in real estate transactions.
#3
In the context of real property, what does 'zoning' refer to?
The division of land into zones for different uses
ExplanationZoning refers to the division of land into zones for different uses in real property.
#4
What is 'title insurance' in real estate transactions?
Insurance guaranteeing the validity of property ownership
ExplanationTitle insurance is insurance guaranteeing the validity of property ownership in real estate transactions.
#5
What is the primary purpose of 'escrow' in real estate transactions?
To hold funds and documents during the transaction process
ExplanationThe primary purpose of escrow in real estate transactions is to hold funds and documents during the transaction process.
#6
What does 'adverse possession' entail in real property law?
The acquisition of property by continuous use without the owner's consent
ExplanationAdverse possession is acquiring property through continuous use without the owner's consent.
#7
Which type of easement grants a right to cross someone else's land?
Affirmative Easement
ExplanationAffirmative easement grants the right to cross someone else's land.
#8
What does 'joint tenancy' entail in real property ownership?
Ownership by multiple individuals with equal shares and rights of survivorship
ExplanationJoint tenancy is ownership by multiple individuals with equal shares and rights of survivorship.
#9
What is 'eminent domain' in real property law?
The right of a government to take private property for public use with compensation
ExplanationEminent domain is the right of a government to take private property for public use with compensation.
#10
What does 'encumbrance' mean in real property terminology?
A legal claim against a property
ExplanationEncumbrance is a legal claim against a property in real property terminology.
#11
What is 'fee simple' ownership?
Absolute ownership with the greatest bundle of rights
ExplanationFee simple ownership is absolute ownership with the fullest bundle of rights.
#12
What is the 'rule against perpetuities' in property law?
A rule limiting the timeframe for future interests in property
ExplanationThe rule against perpetuities limits the timeframe for future interests in property.
#13
What is the 'doctrine of waste' in real property law?
A principle preventing property owners from causing damage to the property
ExplanationThe doctrine of waste is a principle preventing property owners from causing damage to the property in real property law.
#14
What is 'respondeat superior' in real estate liability?
The liability of an employer for the actions of employees
ExplanationRespondeat superior is the liability of an employer for the actions of employees in real estate liability.
#15
What is 'curtesy' in real property law?
The right of a spouse to a share of property upon the other spouse's death
ExplanationCurtesy is the right of a spouse to a share of property upon the other spouse's death in real property law.