Property Ownership
What is 'estovers' in Delaware historical property law?
AA colonial-era Delaware property tax
BThe right of a life tenant or tenant to cut timber from the land for fuel, repairs, or fencing — but not to commit waste by clear-cutting for profit✓ Correct
CAn old Delaware law governing water rights along the Christina River
DThe right of a cotenant to receive rental income from shared property
Explanation
Estovers is an ancient property right allowing a tenant (life tenant, leaseholder) to cut sufficient wood from the property for fuel, building repairs, and fencing. It prevents the tenant from going elsewhere for necessities but does not permit waste — the tenant cannot clear-cut the timber for commercial sale.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Math Concepts
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