Property owner that wishes to give his property to a beneficiary.
In a_____ partnership, each partner is jointly and severally liable for the partnership obligations but creditors must first collect from the partnership before pursuing the individual partners
_____ property is another form of Co-ownership that applies only to husband-and-wife only as long as they are legally married
Time, interest, possession, and title
Is associated with tenancy by the entireties and joint tenancy
Condominium ownership have areas called_______,which include such features as the land, the exterior structure of the building, parking areas, and recreational facilities such as tennis courts, swimming pools, and golf courses
In _____ partnership, one or more general partners carry-on the management of the business and have the same obligations as in a general partnership
Includes a complete description of each unit, the percent of interest in the common elements that attaches to each unit, a description of common areas and limited common areas.
Ownerships buy shares of stock in the corporation and with the stock they acquire a proprietary lease on the unit of their choice
_____ property this property acquired by either spouse before the marriage or property acquired specifically by one spouse during the marriage by gift or inheritance.
Is not a legal form of ownership but a descriptive term for a group of individuals or firms who get together for the purpose of investing or dealing in real estate
A form of ownership that involves one party holding title for the benefit of another who retains full control over the property is a?
Verticales
Establish the framework for the formation of a homeowners association that have the responsibility for running the community
Is a general or limited partnership fored to complete a particular business project, with no intent to establish a permanent relationship.
Is an association of two or more people who join forces for business purposes
Is the principal conveyance document use to create the condominium. It includes the complete legal description and thoroughly describes the entire condominium entity
The Directors of a condominium owners association are elected by the?
Is a form of condominium ownership especially desirable for properties in resort areas where each unit is sold to multiple buyers
Is a detailed site plan that includes plans and specifications for buildings to be constructed
Severalty ownership is _______ ownership?
Is classified as an ownership arrangement in which property is held by one party for the benefit of another
____ Suit is a suit that may seek an equitable distribution of the property
Is not compatible with joint tenancy
A person or entity that holds onto the title of property for a period of time for someone else, a third party.
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It prints on two pages.
Big puzzles won’t always print on one page — the clues and grid are the smallest we could make them while keeping them readable for everyone.
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