In Alaska, what is the legal status of a 'license' to use real property compared to an easement?
Why A license is a personal, revocable permission to use land; an easement is a property right that survives transfer Is Correct
Answer B: A license is a personal, revocable permission to use land; an easement is a property right that survives transfer
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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Key Terms to Know
A non-possessory right to use another person's land for a specific purpose.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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