Property Ownership
What is a 'party wall' in Rhode Island real estate?
AA decorative wall in a home's main entry
BA wall shared by two adjacent property owners, where each owns half and has rights and responsibilities for maintenance✓ Correct
CA retaining wall along a property boundary
DA wall built by a municipality
Explanation
A party wall is a shared wall between two adjoining properties or units, where both owners share ownership and maintenance responsibilities. Common in row houses and attached structures found in Rhode Island's urban neighborhoods.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Joint TenancyCo-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.
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.
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