Property Ownership
A Virginia landowner who sells the surface rights to their property while retaining the mineral rights is conveying:
AFee simple absolute
BA split estate — surface rights to the buyer and mineral rights to the seller✓ Correct
CA life estate
DA leasehold interest
Explanation
In Virginia, landowners can sever and separately convey surface rights and mineral rights. A split estate exists when different parties own the surface and subsurface mineral rights.
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Key Terms to Know
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.
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
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.
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