Question

1. “The right to live in a home and use the property as long as a person live” is an example of what kind of freehold estate? Please explain why?

2. “No right of survivorship exists for individual tenants” is an example of what kind of leasehold estate? Please explain why?

No right of survivorship exists for individual tenants when the title is held as tenants in common.

3 What are the differences between fee simple and fee tail?

Answer 1

1-The right to live in a home and use the property as long as person live is an example of FEE SIMPLE Freehold State.Because Fee Simple freehold estate are those which is effectively absolute ownership of land.The previous owner and also the heir of the previous owner can not defeat ownership and not free from encumbrances.since this provide ownership of property purchaged outright and held for indefinit time.and this characterstic we can observe in given statement.

2-A leasehold estate are those that has right to posses a leased property for a extended time period .No Right of survoship exist for individual tenant is comes under the PERIODIC TENANCY.in this type of tenancy the lease term can from year to year or from month to month.The landlord of lessor can recapture the property any time provided that leaser of tenant given prior notice.(If the right of suvivoshio then it will comes under the joint tenancy).

3-The difference between Fee simple And Fee tail is that ,Fee simple can be terminated at the will of future interest on the basis of occurence and non ocxurence event and fee tail can not be terminated on the will of future interest means fee tail is inheritable and transferable to only lineal descendent of the original grantee.