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47 Cards in this Set
- Front
- Back
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Bundle of rights |
Deep C Disposition, exclusion, enjoyment, possession, Control |
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Real property |
Immovable |
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Personal property |
Movable |
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Chattel real |
Cattel “cows moooooove” |
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Fixture |
Maria Method, adaptability, relationship, intention, agreement |
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Trade fixture |
Business Ex: Dentist chair |
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Riparian rights |
River, stream, creek, etc |
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Littoral rights |
Lake, ocean, etc |
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Appurtenances |
Runs with the land |
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Estate for years |
Fixed period of time |
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Estate of sufferance |
Deadbeat tenant |
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Title |
Ownership |
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Severalty |
Sole |
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Concurrent estate |
Owned with others |
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Joint tenancy |
TTIP, Time, Title, Interest, Possession |
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Community property |
Husband and Wife |
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Encumbrances |
Limitation Ex: lien hold |
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Police power |
Zoning, |
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Government powers |
PETE Police power, eminent domain, taxation, Escheat |
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Zoning |
R1 single family R3 multi family/residential |
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Variance |
Exception |
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Down zoning |
Commercial to residential |
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Encroaching or encroachment |
Trespass |
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Liens |
Money owed |
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Lis pendens |
Lawsuit pending |
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Injunction |
Court order to stop |
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Cloud on title |
Title is not clear |
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Eminent domain |
Takes property for public use |
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Condemnation |
Compensation |
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Inverse condemnation |
Sue the government Ex: not compensated properly |
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Escheat |
No will goes to the government |
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Intestate |
Dies without a will |
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Testate |
Dies with a will |
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Deeds |
Evidence of title transfer |
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Chain of title |
History of ownership |
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Abstract of title |
Summary |
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Impounds |
Taxes and insurance Ex: impound account to pay past taxes |
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Escrow |
Neutral |
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Misrepresentation |
Without intention |
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RESPA Real estate supplement and procedures act |
1-4 residential, preventing kickbacks |
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Abandonment |
Voluntary |
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Sublease |
Possession but not responsible |
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Valid contract |
Capable, Mutual consent, consideration, legal |
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Voidable contract |
Under Duress |
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Bilateral contract |
Promise for a promise Ex: listing agreement |
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Unilateral contract |
Promise for an act Ex: option contract |
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Executed contract |
Completely performed |
