15. When a landlord discovers that work is being done on the property without the landlord’s consent, he or she should: a. file a mechanic’s lien against the tenant. b. issue a 3-day pay and quit notice. c. terminate the tenancy. d. post a Notice of Non-Responsibility on the property.
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38. Some of the ways in which contracts may be classified in…
38. Some of the ways in which contracts may be classified include: a. valid. b. voidable. c. void. d. all answers are correct.
2. Anything attached to the land, such as buildings, fences,…
2. Anything attached to the land, such as buildings, fences, walls, walks and shrubs, are called: a. permitted items. b. incorporated items. c. improvements. d. enhancements.
21. A voluntary lien, for money owed, placed over more than…
21. A voluntary lien, for money owed, placed over more than one parcel, is called a: a. tax lien. b. blanket encumbrance. c. multi-parcel lien. d. none of the answers are correct.
17. An easement that is “created for and beneficial to” the…
17. An easement that is “created for and beneficial to” the owner of adjoining or attached lands is which type of easement? a. Easement appurtenant b. Easement abutting c. Easement approximate d. Easement non-encumbering
10. Susie owns a life estate based upon her own life. She le…
10. Susie owns a life estate based upon her own life. She leases the property to a tenant on a three-year lease. Susie, the life tenant, dies two years later. What happens to the lease? a. The lease is terminated. b. The lease remains intact. c. The lease can be renegotiated. d. The lease is automatically renewed.
1. Items of personal property that are attached to (or incor…
1. Items of personal property that are attached to (or incorporated into) the land in such a manner as to become real property are called: a. attachments. b. fixtures. c. incorporated items. d. furniture.
12. When two or more people have identical interests in the…
12. When two or more people have identical interests in the whole property with the same right of possession and the right of survivorship, it is called: a. a limited partnership. b. joint tenancy. c. corporate interests. d. unity in possession.
7. Which of the following is NOT a basic right of ownership…
7. Which of the following is NOT a basic right of ownership included in the “Bundle of Rights”? a. Disposition b. Possession c. Enjoyment d. Sustainability
19. A lien filed against a property by a person who was not…
19. A lien filed against a property by a person who was not paid after furnishing labor or materials for construction work on that property is called a(n): a. mechanic’s lien. b. unpaid lien. c. voluntary lien. d. security lien.