Property Law Study Guide

Personal property that becomes permanently attached to land or a building is a

• fixture

• structure

• future

• suture

Which of the following is not a type of real property ownership?

• joint tenancy

• tenancy by the entirety

• tenancy in common

• tenancy by joint

The right of one joint tenant to ownership of property when the other joint tenant dies is

• tenancy in common

• right of survivorship

• right of passage

• eminent domain

Which of the following is a way that real property can be transferred?

• a gift

• a sales transaction

• probate process

• all of the above

The formal written document used to transfer legal ownership of real property

• Bailment

• Tenancy

• Landlord

• Deed

A thing, real or personal, tangible or intangible, that is subject to ownership and a group of related legal rights

• Property

• Mortgage

• Lease

• Deed

Joe Smith listed his house for sale for $200,000. Jenny Jones offers him $190,000. Jenny's offer is called a/an

• counter offer

• purchase offer

• contingency offer

• solicitation

Joe Smith listed his house for sale for $200,000. Jenny Jones offers him $190,000. Joe says that he will not accept $190,000, but he will accept $195,000. Joe's new offer is considered to be a/an

• purchase offer

• revised offer

• rejection

• counter offer

Bob and Millie own a home as joint tenants. They have one son, Dan, and two granddaughters. When Bob dies, who will owns the home?

• Millie, Dan, and the grandchildren

• Millie

• Dan

• the court will decide

Are landlords who intend to sell their property required to disclose this before entering into a tenancy agreement?

• yes

• no