OHIO TITLE LICENSING STUDY BANK 2026
VERIFIED SOLUTIONS GRADED A+
⩥ Equitable Title.
Answer: When someone holds legal title for the benefit of others.
⩥ Estates.
Answer: Ohio law recognizes interests in real properties.
⩥ Freehold Estates.
Answer: An interest in real property. Examples: a lease or "life estate."
⩥ Fee Simple.
Answer: The highest estate in land that can be owned.
⩥ Qualified Fee.
Answer: Ownership with terms or conditions which if violated could
cause the ownership to be defeated or terminated.
⩥ Fee Simple Determinable.
, Answer: The estate shall automatically terminate upon the happening of
a stated event. Often the deed contains the words "so long as", "while"
or "until."
⩥ Fee Simple on Condition Subsequent.
Answer: The estate may terminate upon the happening of a stated event.
Usually the deed contains the words "Provided", "However", "but if" or
"Upon condition that" which is followed by the grantor to re-enter or
take back the property.
⩥ Fee Tail Estate.
Answer: Estate can revert back to grantor if grantee fails to continue
passing down the estate. Ex. No heirs
⩥ Leasehold.
Answer: A lease must be executed by the parties, acknowledged and
recorded.
⩥ Life Estate.
Answer: A right to possession of the land during the life of the estate
holder.
⩥ Remainder.
VERIFIED SOLUTIONS GRADED A+
⩥ Equitable Title.
Answer: When someone holds legal title for the benefit of others.
⩥ Estates.
Answer: Ohio law recognizes interests in real properties.
⩥ Freehold Estates.
Answer: An interest in real property. Examples: a lease or "life estate."
⩥ Fee Simple.
Answer: The highest estate in land that can be owned.
⩥ Qualified Fee.
Answer: Ownership with terms or conditions which if violated could
cause the ownership to be defeated or terminated.
⩥ Fee Simple Determinable.
, Answer: The estate shall automatically terminate upon the happening of
a stated event. Often the deed contains the words "so long as", "while"
or "until."
⩥ Fee Simple on Condition Subsequent.
Answer: The estate may terminate upon the happening of a stated event.
Usually the deed contains the words "Provided", "However", "but if" or
"Upon condition that" which is followed by the grantor to re-enter or
take back the property.
⩥ Fee Tail Estate.
Answer: Estate can revert back to grantor if grantee fails to continue
passing down the estate. Ex. No heirs
⩥ Leasehold.
Answer: A lease must be executed by the parties, acknowledged and
recorded.
⩥ Life Estate.
Answer: A right to possession of the land during the life of the estate
holder.
⩥ Remainder.
