Which tax targets homeowners in particular?
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Real property tax
An owner of a property with a lake has given the neighbor verbal permission to fish in
the lake. The neighbor's right of use is most likely a(n)
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license.
Which of the following would be considered real property?
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Bearing wall
In a gift of a parcel of real estate, one of the two owners was given an undivided 60
percent interest and the other received an undivided 40 percent interest. The two
owners hold their interests as what?
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tenants in common
Ingress and egress apply to:
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easements
A homeowner owned a house on a lot. The front ten feet of the lot were taken by
eminent domain for a sidewalk. Would the homeowner be entitled to compensation?
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Yes. The land was taken for public use by eminent domain.
, A deed to real property has the statement "subject to an easement." The term "subject
to" would mean the burdened land is
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encumbered.
Dan sold his land which had an easement appurtenant for a road. The deed which the
buyer received contained an adequate description of the land, but made no
reference to the easement. The buyer:
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Has the same right to the easement as the seller did
All of the following would be classified as real property, except:
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Leasehold estate in residential properties
Andrew lives in an apartment building. The land and structures are owned by a
corporation, with one mortgage loan covering the entire property. Like the other
residents, Andrew owns stock in the corporation and has a lease on his apartment.
This type of ownership is called a(n):
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Real property tax
An owner of a property with a lake has given the neighbor verbal permission to fish in
the lake. The neighbor's right of use is most likely a(n)
Give this one a try later!
license.
Which of the following would be considered real property?
,Give this one a try later!
Bearing wall
In a gift of a parcel of real estate, one of the two owners was given an undivided 60
percent interest and the other received an undivided 40 percent interest. The two
owners hold their interests as what?
Give this one a try later!
tenants in common
Ingress and egress apply to:
Give this one a try later!
easements
A homeowner owned a house on a lot. The front ten feet of the lot were taken by
eminent domain for a sidewalk. Would the homeowner be entitled to compensation?
Give this one a try later!
Yes. The land was taken for public use by eminent domain.
, A deed to real property has the statement "subject to an easement." The term "subject
to" would mean the burdened land is
Give this one a try later!
encumbered.
Dan sold his land which had an easement appurtenant for a road. The deed which the
buyer received contained an adequate description of the land, but made no
reference to the easement. The buyer:
Give this one a try later!
Has the same right to the easement as the seller did
All of the following would be classified as real property, except:
Give this one a try later!
Leasehold estate in residential properties
Andrew lives in an apartment building. The land and structures are owned by a
corporation, with one mortgage loan covering the entire property. Like the other
residents, Andrew owns stock in the corporation and has a lease on his apartment.
This type of ownership is called a(n):
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