L1034 - REAL ESTATE LAW QUIZ #1 FILL IN THE BLANKS QUESTIONS - There are 28 questions, worth 1 mark each. 1. When someone occupies real property and displaces the true owner, this is known as 2. arises when two or more people own real property together in such a way that there is a right of suryiyorship. 3. is the payment of a mortgage oyer a xed time so that the principal and interest are being paid down. 4. An interest in real property that exists only during a person's lifetime is known as a 5. A tenant who his lease to another person is transferring his entire leasehold interest to that person. 6. A mortgage payment that is made up partly of principal and partly of interest is known as a F. A person who owns a has exclusive ownership of a specic part of a large project and also shares ownership as a tenant in common of certain common areas of that project. 8. Real property occupied by a husband and wife is known as the 9. Transferring a mortgagor's obligations under a mortgage to another mortgagor is called of the mortgage. 10. The date on which the transfer of ownership of real property takes place is the 11. When a tenant transfers only part of his leasehold interest, he is said to be the property. 12. After a mortgage has been paid in full, the bank will take steps to the mortgage. 13. A is a limitation on the use of real property which an owner [such as a developer} can impose on subsequent owners of the property. 14. Landlords have the right to seize the tenant's possessions in order to pay debts of the tenant. This procedure is called