Which of the following is true of a tenancy in common?

OWNERSHIP

Quiz
•
Business
•
University
•
Hard

Maenetta Jackson
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The co-owners must be married
The tenants share an indivisible interest
The tenants must acquire their interests at the same time
The tenants own equal shares of the estate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a time-share freehold, owners acquire
undivided interests as tenants in common
A tenancy from period-to-period fora portion of a year
A pro rata. share of a leased fee
A tenancy in severalty for a portion of a year
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a cooperative, real property is owned. only by
The individual unit owners
The individual unit owners and the cooperative association
The cooperate developer
The corporate entity of this cooperative association
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner of a cooperative owns
Shares in a corporation or association and a proprietary lease in a physical unit
A fee simple interest in a physical unit plus a tenancy in common in. common elements
A tenancy in common in a physical unit and the common areas
A ground lease in the physical unit's pro rata share of land and a proprietary lease in the unit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A condo owner can
Sell or mortgage condo unit without hindrance from individual. owners of neighboring units
Sell the interest in the physical unit separately from the interest in the common elements
Exclude non-owners from the unit owners' pro-rata portion of the common elements
Exlusively possess and use those portions of the common areas structurally or functionally necessary. for the operation of the unit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When an estate is held in trust, who holds the legal title?
The beneficiary
The trustor
The trustee
The property manger appointed by the trustee
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the benefits offered by ownership in a tenancy by the entireties is
The estate is subject to foreclosure only for jointly. incurred debts
The estate. may be terminated only by mutual agreement
The estate is not subject to foreclosure
A co-owner may transfer his or her fractional interest without. the consent of other owners
Create a free account and access millions of resources
Similar Resources on Quizizz
10 questions
IMR652-Business Entities Quiz

Quiz
•
University
10 questions
Understanding Leasehold and Amortization

Quiz
•
University
10 questions
S1. Principles of Finance

Quiz
•
University
10 questions
Building Wealth

Quiz
•
University
15 questions
Business Studies Quiz

Quiz
•
10th Grade - University
15 questions
Stock Valuation

Quiz
•
University
10 questions
Finance Quiz

Quiz
•
University
10 questions
Chapter 1 Overview of Corporate Finance

Quiz
•
University
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade