A neighbor has verbal permission to cross a lot to reach a fishing spot. Unlike an easement, this license:
Correct Answer
A) Is revocable at the owner's will and creates no property interest
Why this is correct: A license is a personal, revocable permission to use land. It creates no interest in the property itself and ends when the licensor (owner) revokes it, sells the property, or dies. It is not recorded and does not run with the land. Why the other choices are wrong: A license does not automatically mature into an easement; a prescriptive easement requires adverse, open, and continuous use for a statutory period. A license does not bind future owners; it is personal. A license typically does not require compensation, though it might be part of a paid agreement. Exam tip: Key license vs. easement distinction: Easement is a property right (irrevocable, runs with land). License is personal permission (revocable, ends with sale).
Why This Is the Correct Answer
Why this is correct: A license is a personal, revocable permission to use land. It creates no interest in the property itself and ends when the licensor (owner) revokes it, sells the property, or dies. It is not recorded and does not run with the land. Why the other choices are wrong: A license does not automatically mature into an easement; a prescriptive easement requires adverse, open, and continuous use for a statutory period. A license does not bind future owners; it is personal. A license typically does not require compensation, though it might be part of a paid agreement. Exam tip: Key license vs. easement distinction: Easement is a property right (irrevocable, runs with land). License is personal permission (revocable, ends with sale).
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A tenant holds a 99-year ground lease on a property where they have constructed a building. The tenant's interest is best described as:
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An appraiser is measuring a two-story residential structure for GLA using ANSI Z765-2021. The first floor has an enclosed, finished sunroom with exterior walls, insulated windows, and HVAC ductwork connected to the main system. The second floor has a finished attic space with 6'–8' ceiling height over 75% of the area and a sloped ceiling elsewhere. How should these spaces be treated in the GLA calculation?