Which type of property interest gives the holder the right to exclusive possession but NOT ownership of the land?
Correct Answer
A) Leasehold estate
A leasehold estate gives the tenant exclusive possession for the term of the lease while ownership stays with the landlord. A licence gives only permission to be there, a profit only a right to take something from the land, and fee simple is ownership itself.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Common Mistakes to Avoid on Property Law Questions
More Property Law Questions
Under NSW Real Property Act, which of the following would NOT typically appear as a registered interest on a Certificate of Title?
In NSW, what is the primary legislation governing the sale of residential property?
In a new NSW strata scheme, on what basis must each lot's unit entitlement be set?
In a complex strata scheme dispute in NSW where a lot owner claims the owners corporation has incorrectly allocated special levy costs, and the owners corporation argues the allocation follows a validly passed special resolution, what is the most likely jurisdiction for resolving this matter?
In Queensland, if a contract for the sale of residential property is signed at auction, what cooling-off rights does the purchaser have?
- → A strata lot owner in Queensland wants to renovate their bathroom which involves moving plumbing that runs through common property walls. Under the Body Corporate and Community Management Act, what approval is typically required?
- → A property developer is selling off-the-plan apartments in Queensland. What is a key requirement under the Body Corporate and Community Management Act regarding the disclosure of estimated administrative fund contributions?
- → A property developer in Queensland must provide which document to purchasers before they sign a contract for an off-the-plan apartment?
- → Under Queensland law, what type of land tenure is most common for residential property?
- → In Queensland, which legislation primarily governs the registration of interests in land?
- → In Queensland, a buyer receives a copy of the residential contract signed by both parties on a Friday. With no public holidays in between, when does the cooling-off period end?
- → Under the Torrens title system in Queensland, which of the following is NOT an exception to indefeasibility of title?
- → A caveat lodged against a Queensland property title serves to:
- → Which of the following best describes an easement in Queensland property law?
- → Under Queensland law, a restrictive covenant attached to land is enforceable against:
People Also Study
Agency Practice & Law
138 questions
Contracts & Conveyancing
106 questions
Property Marketing & Sales
129 questions
Property Management
126 questions