Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
20 Cards in this Set
- Front
- Back
A formal declaration to a public offical (notary) by a person who has signed an instrument that states that the signing was voluntary.
|
Acknowledgment
|
|
Those rights, privileges, and improvements that belong to and pass with the transfer of real property but are not necessarily a part of the actual property.
|
Appurtenance
|
|
An ownership concept describing all the legal rights that attach to the ownership of real property.
|
Bundle of Rights
|
|
The right to use another's land for a specific purpose, sometimes known as a right-of-way.
|
Easement
|
|
A legal interest in land; defines the nature, degree, extent, and duration of a person's ownership in land.
|
Estate
|
|
An article of personal property affixed to leased property by the tenant as a necessary part of the business; may be removed by tenant as personal property upon termination of the lease.
|
Trade Fixture
|
|
The rights of a landowner whose land is next to a natural watercourse to reasonable use of whatever water flows past the property.
|
Riparian Rights
|
|
An estate in real property which continues for an indefinite period of time.
|
Freehold Estate
|
|
Annual crops produced for sale.
|
Emblements
|
|
Anything moveable that is not real property.
|
Personal Property
|
|
Land bordering a lake, ocean, or sea
|
Littoral
|
|
Personal property that has become affixed to real estate.
|
Fixture
|
|
Land, anything affixed to the land, anything appurtenant to the land, anything immovable by law.
|
Real Property
|
|
Ownership of real property by one person or entity
|
Severalty
|
|
Personal Property
|
Chattel
|
|
A leasehold estate; considered to exist for a definite period of time or successive periods of time until termination
|
Less-Than-Freehold Estate
|
|
An estate that is limited in duration to the life of its owner or the life of some other chosen person.
|
Life Estate
|
|
Evidence of land ownership
|
Title
|
|
Notice given by recording a document or taking physical possession of the property.
|
Constructive Notice
|
|
The right to peace without aggravation by others.
|
Quiet Enjoyment
|