Compare an easement appurtenant and an easement in gross. Identify the choice that lists a correct, unique characteristic. An easement in gross applies to both the land and the owner. An easement in gross involves at least three pieces of property. An easement appurtenant applies to the land regardless of the owner. An easement appurtenant involves at least three pieces of property.
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- Dominick and Daisy own neighboring properties in Shady Pines, near the ocean. Dominick is environmentally minded and has installed several small wind turbines to generate power for his DJ stand and lights. Dominick has an easement that prevents Daisy from building any structure higher than 20 twenty feet so that the wind is uninterrupted. (a) Who has the dominant tenement? Who has the servient tenement? Why? (b) Is this a negative or affirmative easement? How do you know?John purchased his family home for $50,000 in 1984 on first migrating to Australia. John lived in and used the property as his main residence until he passed away in 2020 when the property was worth $250,000. In his Will, John left the family home to his daughter Mary who received the property after Probate was granted at the start of 2022, when the property was worth $275,000 Too emotional for keeping the property, Mary sold the house at auction in June 2022 for $280,000. Ignoring any capital losses (of which Mary has none), what is the amount of any net capital gain made by Mary on the sale of her inherited house? $5,000 $15,000 $30,000 $165,000 $230,000A buys a residential property from B. the property is being leased to C. in terms of the lease agreement, C (the lessee)m has a right to purchase the property (an option) from B (the original lessor). C wants to excercise his option to purchase against A. Can C excercise his option to purchase against A?
- What are the legal requirements for a valid and enforceable deed for the transfer of real property?How does an easement differ from a license? How does the Profit-a-Prendre differ from the license? How does zoning differ from easement interests?Certain obligations exist with Life Estates in Effect: a) Owner does not possess the property, has no rights to rent the property, does not maintain the property, responsible for none of the costs and expenses, and you hold possession as long as you live. If you die, the estate reverts back to me as an 'estate in remainder. b) Owner does possess the property, has rights to rent the property, does maintain the property, is responsible for the costs and expenses, and you hold possession as long as you live. If you die, the estate reverts back to me as an 'estate in remainder'. c) Owner does not possess the property, has rights to rent the property, does not maintain the property, responsible for none of the costs and expenses, and you hold possession as long as you live. If you die, the estate reverts back to me as an 'estate in remainder'. d) Owner does not possess the property, has no rights to rent the property, does not maintain the property, responsible for none of the costs and…
- A deed of trust is a deed that 1. transfers equitable title in teh property to a trustee until the mortgage is repaid 2. transfers equitable title in the property to the mortgage until the mortgage is repaid 3. Includes terms requiring the buyer to sell the property if the mortgage can not be repaid 4. is executed by a trusteeJohn owns a small rental cottage in St Augustine and his mother Brenda lives nearby in a rented apartment. He is concerned about her having a secure home to live in after her retirement so he decides to convey the cottage to her for the rest of her life, after which, ownership will revert to him. What would John's attorney probably have advised him to do to achieve these goals? Establish a Trust with his mother as one of the trustees Convey a tenancy at sufferance to Brenda. Convey a tenancy by the entireties to Brenda, pur autre vie. О Convey a life estate to Brenda with the right of reversion to John.A married couple with two children owns a property that they have homesteaded. If the wife dies, what estate will the husband have in the property? a life estate, with their children as remaindermen a fee simple estate No estate: the children will inherit the house fee simple. It depends on what was in the wife's witt.
- In 1950, Leaky Chemical Company began manufacturing fireproofing materials at its site in NY. The manufacturing process used a lot of water and as part of the process, it used water from the nearby river to cool its machinery. At the conclusion of the process, used water was discharged into a sump called "The Lagoon", behind the building. In 1975, Leaky went out of business & the property was unused until 1980, when Vinyl Window Corporation bought the property and began manufacturing replacement windows. The manufacturing process resulted in leftover liquid vinyl, which was put in metal drums and stored outside-where they rusted and leaked into the Lagoon and elsewhere. After VWC moved its entire business to China in 1995, at VWC's request, the factory buildings were bulldozed by an outside company, (Ace Demolition Corporation) which also bulldozed the metal storage drums, not knowing what was in the drums. In 2000, a residential community was built adjacent to the old VWC…Greenwood rented office space to Evergreen forfive years witl1 an option for renewal of three orfive years. In the second year of the lease,Greenwood informed Evergreen that it couldnot comply with its obligations under the leasebeyond the end of the current year; Greenwoodplanned to demolish the building and erect a21-storey office tower. Greenwood offeredEvergreen preferential treatment in the newbuilding when it was completed. Evergreenrefused to move, claiming that the currentbuilding had ardlltectural value and should bepreserved. The lease did not include clausesdealing with demolition or the landlord's rightto resume possession during the term of thelease.57 How does thls situation illustrate rightsof ownership and landlord- tenant relations?How could the dispute be resolved?Buyer Beatrice has entered into an exclusive buyer single agency agreement with Broker Nate. The agreement states that the broker will first look to the seller for payment of earned commission via the cooperating broker arrangement as published in the listing for the property on the local MLS. On one hand, Beatrice is glad that she probably won't have to pay the broker's fee, but on the other hand, she's worried that if Nate is being paid by the seller, his loyalty might be with the seller. Is Beatrice's concern warranted? Although Nate is operating as a single agent for Beatrice, her concerns might still be warranted since compensation representation and loyalty. Beatrice does not need to worry until it is actually determined from whom Nate's compensation will come. Beatrice does not need to worry because compensation does not equal loyalty or an agency relationship. Beatrice's concerns are valid. If she wants Nate to only consider her interests, she should not allow him to receive…