Property ownership

Real property encompasses the physical land, any permanent man-made improvements attached to it, and the associated legal rights or appurtenances that pass with the land. Personal property (Option C), such as movable furniture or temporary fixtures, is legally distinct and is not classified as real property.

Fee simple ownership represents the absolute and most complete bundle of rights a person can have in real property, lasting for an indefinite duration. It is a freehold estate, which distinguishes it from a leasehold interest that only grants temporary possession rather than ownership.

Real property encompasses the physical land, any permanent man-made improvements attached to it, and the associated legal rights or appurtenances that pass with the land. A diagram for this topic isn't available yet — the worked example below walks the same reasoning step by step.

• !Distractors like unity of time are incorrect because they are actual, mandatory requirements for a joint tenancy to exist.
• !Tenancy in common allows co-owners to pass their share of the property to heirs because it lacks the right of survivorship inherent in joint tenancy.

Answer each from memory — you'll see instantly whether you're right and why.

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