A non-possessory right to use another's land for a specific purpose, such as access or utilities.
Why Easement matters on the exam
This term belongs to Property Ownership. The questions below are real items from Freehold's bank that use it - each one cites its source.
Exam questions using Easement
Every Freehold question shows why the right answer is right — and cites its source.
Which of the following is generally exempt from the statute of frauds' writing requirement?
A deed conveying title to real property, signed and delivered by the grantor
A written contract to sell a parcel of vacant land held for future development
A short-term oral agreement to perform routine landscaping services, unrelated to any conveyance of an interest in land
An easement granted for a 20-year term across a neighboring owner's land
Show answer & explanation
A short-term oral agreement to perform routine landscaping services, unrelated to any conveyance of an interest in land — The statute of frauds specifically targets contracts conveying an interest in real property or requiring more than a year to perform; a short-term service agreement not involving land conveyance generally falls outside its scope.
Source: PSI National Real Estate Exam Content Outline §7 Contracts
In a lien theory state, execution of a mortgage gives the lender:
Legal title to the property until the loan is paid
The right to immediate possession
An equitable easement over the property
A lien against the property while the borrower retains title
Show answer & explanation
A lien against the property while the borrower retains title — Lien theory states treat a mortgage as creating only a lien on the property, with the borrower retaining both legal and equitable title until default and foreclosure occur.
Source: PSI National Real Estate Exam Content Outline §4 Financing
Which best describes the legal nature of a leasehold estate?
A form of personal property, sometimes called a chattel real
A freehold estate of indefinite duration
An easement appurtenant to the leased land
A lien against the landlord's fee title
Show answer & explanation
A form of personal property, sometimes called a chattel real — Although a leasehold involves rights in real property, the tenant's interest itself is classified as personal property, traditionally termed a chattel real, distinguishing it from the landlord's freehold estate.
Source: PSI National Real Estate Exam Content Outline §8 Leasing & Property Management
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