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CPCU 530 CHAPTER 6 PROPERTY LAW QUESTIONS WITH CORRECT ANSWERS

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CPCU 530 CHAPTER 6 PROPERTY LAW QUESTIONS WITH CORRECT ANSWERS

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Rights to objects produced by the soil, crops (pp), timber ( real property)


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Rights on the lands surface




A real estate development consisting of a group of units, in which the air space within
the boundaries of each unit is owned by the unit owner, and all remaining real and
personal property is owned jointly by all the unit owners


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Condominium Ownership

, A land lord tenant estate created for a definite period


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Estate for years




A secured interest in real property that is held by a trustee to protect the lender
(beneficiary) until the loan is repaid by the borrower (trustor)


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Trust Deed




A concurrent form of ownership in which each owner holds an undivided interest in
the real property. Ownership interests can be unequal and the right of survivorship is
not allowed.


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Tenancy in common




A landlord-tenant estate in which the tenant has permission to occupy a premises as a
landlord desires.


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