Principles of Real EstatePregunta 3 de 100
A fee simple absolute estate is best described as:
a.A lease that lasts for 99 years
b.A right to use land owned by another
c.An estate that automatically ends when the owner dies
d.The highest and most complete form of ownership, with unlimited duration
Explicación
Fee simple absolute is the greatest interest one can hold in real property, lasting indefinitely and freely inheritable and transferable. A life estate ends at death and an easement is only a right to use another's land. It remains subject to government powers such as taxation and eminent domain.
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Preguntas relacionadas de este tema
- Which of the following is considered real property rather than personal property?
- The bundle of rights in real property ownership does NOT typically include which of the following?
- An easement appurtenant benefits:
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- The process by which the state acquires property when an owner dies leaving no will and no heirs is called:
- A form of co-ownership that includes the right of survivorship is:
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