Champions National Exam Practice Exam Questions with accurate Answers

John owns the dominant estate with an easement appurtenant. John sells the property. What happens to the easement? - ANSWER-It belongs to the buyer. A commercial tenant's lease will expire at the end of this month. He is currently in the process of removing his display cases from the shop. What is true? - ANSWER-He can take these trade fixtures as long as he removes them prior to lease end. John, Maria and Mark are joint tenants. Mark dies. Maria sells her share to Jane. John and Jane are: - ANSWER-tenants in common. Mark's fence is trespassing on John's land. This is an example of: - ANSWER-an encroachment. John owns lakefront property. He has been granted water rights to the lake. He has: - ANSWER-littoral rights. A surveyor has described a property from a point of beginning 200 feet north on Broad St. from the oak tree at the intersection of Main St. and Broad St., then 90° east for 100 ft., then 90° north for 50 ft., then 90° west for 100 ft., then 90° south for 50 feet back to the point of beginning. What type of description is this? - ANSWER-Metes and Bounds Mary's parents gave her a life estate on a house. John is the remainderman. Mary leased the property to Bob for 5 years. During the lease, Bob died. What happens to the property? - ANSWER-When the tenant dies the property goes to Mary. A property owner has defaulted on his mortgage and the lender has sent a notice of foreclosure. Before the foreclosure sale the owner is able to pay all he owes and reclaim the property. This is an example of: - ANSWER-redemption.