Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What type of estate automatically renews unless otherwise stated?

Life Estate Pur Autre Vie
Estate For Years
Leasehold Estate
Estate from Period to Period

The correct answer is: Estate from Period to Period

An estate from period to period is a type of leasehold estate that automatically renews itself unless otherwise stated. This means that the lease continues without the need for a new agreement or lease signing at the end of each period or term. Option A, life estate pur autre vie, refers to a type of life estate where the life tenant's interest is measured by the life of someone other than the tenant. Option B, estate for years, is a type of leasehold estate with a specified start and end date. Option C, leasehold estate, is a general term for any estate granted by lease, including both estates from period to period and estates for years. Therefore, options A, B, and C are incorrect as they do not automatically renew.