List the three types of Freehold Estates? Which one is the most common type Landowners hold? List
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Question:
- List the three types of Freehold Estates? Which one is the most common type Landowners hold?
- List the 4 types of Nonfreehold Estates and state how each one differs from the others?
- Explain the use of a Grant Deed and what are its two implied warranties? What important aspect is not included in a Grant Deed’s implied warranty?
- List the 7 requirements for a Deed to be Valid?
- What are the 5 elements to obtain an Adverse Possession of a property? What are ways the current landowner can block such a procedure?
- Explain the difference between Eminent Domain and Police Powers (like zoning)?
- Describe Joint Tenancy ownership including the 4 unities that create Joint Tenancy? Describe what happens to the ownership in a situation when one of the three joint tenancy owners’ dies?
- What makes ownership as Tenancy in Common different than Joint Tenancy?
- How can property owners be held as Community Property? What’s the difference between holding ownership as Community Property versus holding Community Property with Right of Survivorship?
- What is the definition of a “Mechanic” who would be qualified to file a Mechanic’s lien? If an Owner has not filed a Notice of Completion or Cessation of Labor, how many days does a mechanic get to file their lien?
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