Property OwnershipIntermediateDelaware Exam

What is a 'land trust' in Delaware?

AA trust established to hold agricultural land in perpetuity

BA form of ownership where a trustee holds title to real property while the beneficial interest (economic rights and control) remains with the beneficiaryCorrect

CSimply a dedicated conservation trust that manages only Delaware's officially protected natural areas, though outcomes can differ depending on circumstances

DA government program holding land for future public development

Why A form of ownership where a trustee holds title to real property while the beneficial interest (economic rights and control) remains with the beneficiary Is Correct

Answer B: A form of ownership where a trustee holds title to real property while the beneficial interest (economic rights and control) remains with the beneficiary

A land trust is a legal entity holding title to real property while the beneficiary retains economic rights and control. Land trusts provide privacy (the trust name, not the owner's name, appears in public records) and can simplify estate planning and co-ownership.

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.

People Also Study

Key Terms to Know

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Chain of Title

The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.

Fee Simple

The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.

Joint Tenancy

Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.

Study This Topic

Property Ownership Guide

Practice More Delaware Real Estate Questions

1,500+ questions covering all exam topics. Start free — no signup required.

Take the Free Delaware Quiz →