RightsOfOwnershipKeyTerms.txt

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Author:
EvanWong
ID:
93914
Filename:
RightsOfOwnershipKeyTerms.txt
Updated:
2011-07-13 15:12:30
Tags:
Rights Ownership RELC
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Description:
Rights Of Ownership Key Terms p.202
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  1. The right to ownership is?
    Title
  2. The extent of interest a person has in real estate is?
    Estate
  3. Method of taking title is?
    Ownership
  4. An estate that lasts for a fixed period of time (rent or lease) is?
    Lease Hold
  5. An estate in real property that could last an indefinite duration is?
    Free Hold
  6. Interest of ownership that a wife has in the real estate of her deceased husband is?
    Dower
  7. Interest of ownership that a husband has in the real estate of his deceased wife is?
    Curtesy
  8. Life estate in real estate occupied as the family home is?
    Homestead
  9. Life estate contingent on the life of someone other than the grantee is?
    Pur Autre Vie
  10. Dies with no will is called?
    Intestate
  11. When a court divides property due to a dispute regarding the use or sale of the property is called?
    Judicial Partition
  12. Real and personal property owned solely by either spouse before marriage is?
    Seperate Property
  13. Property attained after marriage is?
    Community Property
  14. When the interest of a property is equally divided between its surviving owners or remaining owner this is exercising?
    Right Of Survivorship
  15. A living trust is called?
    Inter Vivos Trust
  16. A trust that become effective after a person dies is?
    Testamentary Trust

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