Reca commercial unit3 - Study guides, Class notes & Summaries

RECA Commercial Unit3 Questions And Verified Correct Answers What does Fee Simple mean? - ANSWER 'Fee' means the land can be inherited and 'simple' means the inheritance is unqualified as to who can inherit it. Bundle of rights include (x4) - ANSWER Possession (to occupy and keep out others) Control (to alter the property physically) Enjoyment (no interference from others) Disposition (to convey all or part to another) leased fee or leased fee estate - ANSWER A fee simple estat...

What does Fee Simple mean? 'Fee' means the land can be inherited and 'simple' means the inheritance is unqualified as to who can inherit it. Bundle of rights include (x4) Possession (to occupy and keep out others) Control (to alter the property physically) Enjoyment (no interference from others) Disposition (to convey all or part to another) leased fee or leased fee estate A fee simple estate that is subject to a lease is referred to as a leased fee or leased fee estate.

What does Fee Simple mean? - correct answer 'Fee' means the land can be inherited and 'simple' means the inheritance is unqualified as to who can inherit it. Bundle of rights include (x4) - correct answer Possession (to occupy and keep out others) Control (to alter the property physically) Enjoyment (no interference from others) Disposition (to convey all or part to another) leased fee or leased fee estate - correct answer A fee simple estate that is subject to a leas...