Question 1

A lease is a(n):

Accepted Answer

A lease is an agreement that creates a leasehold out of an estate and contains conditions, such as the duration of the lease, the rental amount, and any restrictions on the use of the property. Option A may describe a lease payment, but not the lease itself. Option B is incorrect because leases are usually written, formal agreements. Option C is not accurate because a lease is an agreement between a landlord and a tenant, not the court system. Option E is incorrect because option D is correct.

Question 2

Which of the following is an example of a covenant:

Accepted Answer

All of the other specific choices are examples of restrictive covenants that govern the use, appearance, or conduct within a subdivision or community. A covenant is a legally binding agreement between property owners that outlines the conditions, restrictions, benefits or obligations that apply to their land and activities on it. These covenants can be enforced by a homeowners' association or through legal action.

Question 3

In general, leases should include which of the following:

Accepted Answer

A lease agreement should include a description of the premises being leased to clearly identify the property involved in the lease. This is essential for legal clarity and to avoid any disputes regarding what is being leased. Average taxes and the name of the original owner are not standard requirements for a lease agreement.

Question 4

A leasehold is:

Accepted Answer

A leasehold refers to the interest or rights a person holds in a property that they are renting.

Question 5

A covenant that is attached to all houses in a neighborhood built in the 1950s states that the houses may not be sold to "members of any minority race." This covenant is:

Accepted Answer

The covenant is in violation of public policy since it promotes racial segregation and discrimination, and therefore it is not enforceable. Federal law prohibits racial discrimination in housing, and such covenants are considered illegal and unenforceable. Homeowners cannot be forced to pay fines to remove an unenforceable covenant, but they may need to take legal action to have it removed from their property documents.

Question 6

A binding obligation that goes with property when it is transferred to a new owner, who must abide by the obligation, is called a(n):

Accepted Answer

The correct term for a binding obligation that goes with property when it is transferred to a new owner is a "covenant" or sometimes referred to as a "real covenant." None of the options provided (lien, estate limitation, mortgage, possessory) accurately describe this concept.

Question 7

Linda buys a house in Grover Square. Her deed contains the following: "no homeowner in Grover Square shall erect a fence of any sort (with the exception of buried electronic fences) around his or her property." This clause is:

Accepted Answer

The clause in Linda's deed is a covenant, which is a promise or agreement between two or more parties regarding the use or ownership of property. In this case, the covenant restricts homeowners from erecting most types of fences around their properties, but allows for the use of buried electronic fences.

Question 8

If you rent an apartment, the apartment is known as:

Accepted Answer

The correct term for an apartment that you rent is not specifically listed among the options provided. The terms "renthold," "retainer," "lease in absentia," and "defeasement" do not accurately describe a rented apartment in common real estate terminology.

Question 9

In general, leases should include which of the following:

Accepted Answer

Leases should include the identities of the parties involved to clearly establish who is the lessor (landlord) and who is the lessee (tenant). This is essential for legal and practical purposes, ensuring that both parties understand their rights and obligations under the lease agreement.

Question 10

To enforce the provisions of a lease, most courts prefer a lease to include:

Accepted Answer

All of the choices are important in enforcing the provisions of a lease. The rent amount, property description, and parties' identity are necessary to establish the terms of the agreement. The length of the lease is essential to determine when it starts and ends. Including all of these provisions in a lease can help avoid disputes and make it easier to enforce the terms if necessary.

Question 11

In Thayer v. Hollinger, Hollinger owned land next to lakeshore lots that he developed. He shared a common road with the lakeshore lot owners who used trails on his property that were accessed from the road. Hollinger claimed he could block use of the trails. The lot owners claimed an easement to use the trails. The courts held that:

Accepted Answer

The scenario provided does not match any known legal case or principle directly, and without specific legal context or outcomes provided in the options, it's not possible to accurately determine the court's decision based on real-life legal standards or outcomes.

Question 12

If you rent an apartment, the apartment is known as:

Accepted Answer

When you rent an apartment, you enter into a lease agreement with the landlord. The apartment becomes a leasehold property, which means you have the right to occupy and use the property for a specified period of time, usually 6 months to a year or more, in exchange for paying rent.

Question 13

A leasehold is:

Accepted Answer

The answer of A leasehold is:
...

Question 14

In some residential subdivisions, only single-family homes are allowed, and they must be at least 2,000 square feet, brick construction, with no dog houses. These terms are called:

Accepted Answer

These terms are known as restrictive covenants, which are conditions placed on property that dictate how it can be used and what can be built on it. None of the provided options accurately describe these terms.

Question 15

In general, leases should include which of the following:

Accepted Answer

All of the other specific choices are typically included in a lease agreement, including the identities of the parties, a description of the premises, the length of the lease, and the amount of rent to be paid. Other important provisions that may be included are rules for maintaining the property, procedures for handling repairs or disputes, and any restrictions or limitations on the use of the property.

Question 16

In some residential subdivisions, only single-family homes are allowed, and they must be at least 2,000 square feet, brick construction, with no dog houses. These terms are:

Accepted Answer

These terms are indicative of covenants, which are restrictions and regulations placed on a property by a developer or homeowner's association to maintain a certain standard within the community. This particular covenant outlines restrictions on the type of dwelling that can be built and the materials used, as well as a restriction against dog houses.

Question 17

In general, leases should include which of the following:

Accepted Answer

The duration of the lease, or how long the lease will be in effect, is a fundamental element that should be included in a lease agreement to define the term of the lease.

Question 18

Linda buys a house in Grover Square. Her deed contains the following: "no homeowner in Grover Square shall erect a fence of any sort (with the exception of buried electronic fences) around his or her property." This clause is:

Accepted Answer

This clause is a restrictive covenant, which is a type of condition placed on the use of property that restricts the owner's ability to do certain things, such as erecting a fence in this case. It is not adverse possession, a remainder, a profit, or seisin, as those terms relate to different aspects of property law.

Question 19

In Thayer v. Hollinger, Hollinger owned land next to lakeshore lots that he developed. He shared a common road with the lakeshore lot owners who used trails on his property that were accessed from the road. Hollinger claimed he could block use of the trails. The lot owners claimed an easement to use the trails. The courts held that:

Accepted Answer

The court held that the lot owners had no easement to use the trails as they were on private property, and Hollinger had the right to block access.

Question 20

In Thayer v. Hollinger, Hollinger owned land next to lakeshore lots that he developed. He shared a common road with the lakeshore lot owners who used trails on his property that were accessed from the road. Hollinger claimed he could block use of the trails. The lot owners claimed an easement to use the trails. The courts held that:

Accepted Answer

Restrictive covenants did not establish easements for the lot owners, meaning the lot owners did not have a legal right to use the trails based on the covenants.

Quiz 8: Real and Personal Property

A lease is a(n) :

Which of the following is an example of a covenant:

In general, leases should include which of the following:

A leasehold is:

A covenant that is attached to all houses in a neighborhood built in the 1950s states that the houses may not be sold to "members of any minority race." This covenant is:

A binding obligation that goes with property when it is transferred to a new owner, who must abide by the obligation, is called a(n) :

Linda buys a house in Grover Square. Her deed contains the following: "no homeowner in Grover Square shall erect a fence of any sort (with the exception of buried electronic fences) around his or her property." This clause is:

If you rent an apartment, the apartment is known as:

In general, leases should include which of the following:

To enforce the provisions of a lease, most courts prefer a lease to include:

If you rent an apartment, the apartment is known as:

A leasehold is:

In some residential subdivisions, only single-family homes are allowed, and they must be at least 2,000 square feet, brick construction, with no dog houses. These terms are called:

In general, leases should include which of the following:

In some residential subdivisions, only single-family homes are allowed, and they must be at least 2,000 square feet, brick construction, with no dog houses. These terms are:

In general, leases should include which of the following:

Linda buys a house in Grover Square. Her deed contains the following: "no homeowner in Grover Square shall erect a fence of any sort (with the exception of buried electronic fences) around his or her property." This clause is: