Property Ownership
In New York, a 'scenic easement' held by a non-profit land trust is typically:
AA temporary permission to use property
BA permanent restriction on development running with the land, benefiting the land trust (and the public) in perpetuity✓ Correct
CA personal right limited to the current landowner
DA government-imposed regulation
Explanation
Conservation and scenic easements donated to land trusts in New York are permanent encumbrances on the land that run with title, restricting development in perpetuity regardless of who owns the property. They provide significant tax benefits to the grantor.
Related New York Property Ownership Questions
- In New York, a 'cooperative apartment' owner who wants to sell must typically obtain approval from:
- In New York, an 'estate at will' (tenancy at will) may be terminated by:
- Which type of deed provides the MOST protection to the grantee?
- In New York, a 'fee simple determinable' is a form of freehold ownership where:
- In New York, 'adverse possession' requires continuous, open, notorious, hostile, and exclusive possession for:
- In New York, the NY Condominium Act is found in:
- In New York City, a 'cooperative' (co-op) differs from a condominium primarily because:
- Personal property that becomes permanently attached to real property and is considered part of the real estate is called a:
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →