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18 Cards in this Set
- Front
- Back
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Fixture
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attached to or used in conjunction with real property
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Constructively Annexed
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close physical connection between an item of personal property and certain real property
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Adaption
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the degree to which the items use is necessary or beneficial to the use of the real property
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Trade Fixtures
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remain the tenents personal property and may normally be removed at the termination of the lease
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Fee Simple
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basic land ownership interest in the united states
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Life Estate
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property interest that gives a person the right to use property only for his own lifetime
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Lease
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gives the tenant the right ti occupy and use a particular piece of property
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Tenancy at Will
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no time period, tenant can terminate the leasehold after giving notice to the other person of intention
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Easement
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person may have the right to use or enjoy the land of another person buy not to actually occupy it ona long term basis
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Affirmative Easement
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is the right to make certain uses of land of another
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Profit
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a right to enter another persons land and remove some product or part of the land
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Licence
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a temporary right to use another persons land for a limited and specific purpose
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Tenancy in Common
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have undivided interests in the property and equal rights to possess it
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Joint Tenancy
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equal interests in real property are conveyed to two or more persons by mean of document
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Tenancy by the Entirety
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joint tenancy with the added requirement that the owners be married
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Quitclaim Deed
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surrendering whatever ownership interest the possessor may have in the property
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General Warranty
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guaranteeing merchantability of title
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Special Warranty
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warranting only regarding those events that occurred after acquiring possession of the property
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