Property Ownership Land Use ControlsProperty_ownership_land_use_controlsEASY
The sale of real estate under a conditional installment sale gives the buyer (vendee):
Correct Answer
D) an estate for years.
A land contract gives the buyer equitable title; legal title transfers after full payment.
Answer Options
A
possession of the property.B
a freehold estate.C
an estate of inheritance.D
an estate for years.Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-estatesfinancing-alternativestitle-transfer
Key Terms:
land contractconditional installment saleestate for yearsequitable titlevendee
Related Concepts
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
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