Which of the following does not create a temporary interest in another person's land?Life estateFee simpleEasementLeasehold interest
Question
Which of the following does not create a temporary interest in another person's land?
- Life estate
- Fee simple
- Easement
- Leasehold interest
Solution
The option that does not create a temporary interest in another person's land is "Fee simple".
Here's why:
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Life Estate: This is a temporary interest in land because it lasts for the lifetime of the holder of the estate or another person. Once that person dies, the interest in the land ends.
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Fee Simple: This is not a temporary interest. It is the highest ownership interest possible that can be held in real property. It is permanent and gives the holder full control over the land. The holder can divide it, sell it, or do anything else they wish with it.
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Easement: This is a temporary or long-term interest in another person's land. It gives the holder the right to use the land for a specific purpose, like a right of way.
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Leasehold Interest: This is a temporary interest in land. It gives the holder the right to use and occupy the land for a certain period of time, as specified in a lease agreement.
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