Question: Match each leasehold estate with its definition.

Answer Options: Estate at will Estate for years Periodic estate Estate at sufferance fixed-term lease possession without consent after expiration indefinite tenancy automatically renewing tenancy.

Answer: Estate at will — indefinite tenancy; Estate for years — fixed-term lease; Periodic estate — automatically renewing tenancy; Estate at sufferance — possession without consent after expiration. 2

Question: Match each lien type with its definition.

Answer Options: General lien Specific lien Voluntary lien Involuntary lien attaches to all property attaches to one property created by the owner created without the owner’s consent.

Answer: General lien — attaches to all property; Specific lien — attaches to one property; Voluntary lien — created by the owner; Involuntary lien — created without the owner’s consent. 3

Question: Paul has used a road across Sam’s property for 20 years without permission. What type of easement might Paul acquire?

Answer Options: A. Appurtenant easement B. Easement by necessity C. Easement by prescription D. Easement in gross.

Answer: C. Easement by prescription. 4

Question: Linda owns property as long as it is used as a school. What type of estate does she have?

Answer Options: A. Fee simple defeasible B. Fee simple life C. Leasehold D. Reversionary.

Answer: A. Fee simple defeasible. 5

Question: Which estate represents the greatest ownership interest?

Answer Options: A. Estate for years B. Fee simple absolute C. Life estate D. Reversionary estate.

Answer: B. Fee simple absolute. 6

Question: Harold holds a life estate. What happens to his interest when he dies?

Answer Options: A. He may sell the entire fee simple B. It automatically passes to his wife C. His estate terminates D. He may sell only the remainder interest.

Answer: C. His estate terminates. 7

Question: Which is a voluntary, specific lien?

Answer Options: A. Easement B. Mortgage C. Property tax lien D. Special assessment lien.

Answer: B. Mortgage. 8

Question: An easement is considered a(n):

Answer Options: A. Encroachment B. Encumbrance C. Private restriction D. Public restriction.

Answer: B. Encumbrance. 9

Question: A fixed lease expires, but the landlord continues accepting monthly rent. What estate is created?

Answer Options: A. Defeasible fee B. Estate at sufferance C. Estate at will D. Periodic estate.

Answer: D. Periodic estate. 10

Question: An easement that prevents a property owner from doing something on their land is called a:

Answer Options: A. Affirmative easement B. Easement by necessity C. Negative easement D. Prescriptive easement.

Answer: C. Negative easement. 11

Question: Jared’s land benefits from an easement across neighboring land. Jared’s property is the:

Answer Options: A. Dominant tenement B. Servient tenement C. Encroaching estate D. Tenement in gross.

Answer: A. Dominant tenement. 12

Question: Brian acquires both the dominant and servient properties. What happens to the easement?

Answer Options: A. It becomes an easement in gross B. It terminates through merger C. It becomes prescriptive D. It continues permanently.

Answer: B. It terminates through merger. 13

Question: Jack and Jill own property as tenants in common. Which statement about possession is correct?

Answer Options: A. Each may occupy only their percentage B. Only the majority owner may occupy it C. Each has the right to possess the entire property D. Possession rotates annually.

Answer: C. Each has the right to possess the entire property. 14

Question: What does Ronaldo typically own when he owns a condominium?

Answer Options: A. Shares in a corporation only B. The interior airspace and surfaces of the unit plus an undivided interest in common areas C. A proprietary lease D. The entire building.

Answer: B. The interior unit and an undivided interest in common areas. 15