Which statement is true concerning private ownership of real estate?

Study for the Indiana RECP Comprehensive Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare to ace your exam!

The statement regarding the freehold estate's duration being indefinite is true because a freehold estate represents an ownership interest in real property that is not limited by time. This differentiates it from leasehold estates, which are temporary and usually have a fixed duration. With a freehold estate, the owner has the right to possess and use the property for an uncertain length of time—potentially even for the owner’s lifetime or beyond, as in the case of inheritable estates. Freehold estates can take various forms, including fee simple absolute, fee simple defeasible, and life estates, but the common characteristic across these forms is that they allow for indefinite duration until certain conditions are met.

The other statements reflect misconceptions about real property rights. For example, the first statement incorrectly suggests restrictions on devising interests to non-blood relatives, which is not the case under a fee simple interest where the owner generally has the right to choose heirs regardless of blood relation. The third statement inaccurately describes licenses since they are personal permissions that cannot be transferred without the grantor's consent. Lastly, the fourth statement about easements appurtenant misrepresents their function; they typically allow the dominant tenement use while maintaining restrictions on the servient tenement to prevent

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