Which of the Following Is "Tenant" Synonymous with in the Realm
Which of the following is "tenant" synonymous with in the realm of real property law?
A) an individual who leases space rather than having outright ownership
B) a contract allowing owners to deal with their respective interests
C) an owner of any form of right or title in land
D) a contract limiting ownership by division in time
What distinguishes an undivided one-half interest held in a tenancy in common from a one-half interest held in a joint tenancy with respect to the co-ownership of real estate?
A) Each owns an undivided co-ownership of the whole.
B) Each owns an undivided co-ownership of each portion.
C) Each owns an undivided interest in ownership of the whole.
D) Each owns an undivided interest in ownership of their portion.
Aaron and Janelle enjoyed years of experiences shared through their rewarding ownership of Crystal Lake Cottage Resort Inc. When Aaron died unexpectedly, the title automatically transferred to Janelle. Aaron's family has decided to dispute Janelle's right to ownership. What is the name given to the type of ownership interest enjoyed by Aaron and Janelle that allowed her to acquire ownership in this manner?
B) tenancy in common
C) joint tenancy
D) fee simple
Now that approval of the zoning variance has been confirmed by the seller's lawyer, William's company is completing its purchase of a vacant piece of land for commercial development. What is the valid reason for William's company making the possibility of the completion of this transaction subject to this requirement?
A) provincial statutory restrictions on land use
B) government environmental agency restrictions
C) restrictions on land use by common law
D) restrictions on land use by municipal regulation