Property Ownership
In Montana, adverse possession requires continuous, open, hostile, actual, and exclusive use for a period of:
A5 years✓ Correct
B10 years
C15 years
D20 years
Explanation
Montana's adverse possession statute requires continuous, open, notorious, hostile, and exclusive use of another's property for 5 years, along with payment of property taxes in some circumstances.
People Also Study
Related Montana Questions
- Under Montana law, adverse possession requires continuous, open, notorious, hostile, and exclusive use for a period of:Property Ownership
- In Montana, adverse possession requires continuous, open, notorious, exclusive, and hostile use of another's land for a period of:Property Ownership
- In Montana, a 'prescriptive easement' is similar to adverse possession in that it requires use that is:Property Ownership
- Montana's Statute of Frauds requires that real estate contracts must be:Contracts
- A Montana buyer obtained a $200,000 loan at 6.5% interest for 30 years. The monthly principal and interest payment is approximately $1,264. Over the life of the loan, how much total interest will be paid?Finance
- Under the Fair Housing Act, a Montana lender who requires a higher down payment from minority applicants compared to similarly qualified non-minority applicants is engaging in:Fair Housing
- A Montana buyer assumes a $150,000 mortgage with 20 years remaining at 5.5% interest. The current monthly payment is $1,032. How much total will the buyer pay over the remaining 20 years?Real Estate Math
- Under Montana law, an oral lease for a residential property for a period of two years is:Contracts
Key Terms to Know
Adverse Possession
A doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Study This Topic
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →