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44 Cards in this Set

  • Front
  • Back

Easement Appurtenant

An easement for the benefit of the owner of adjacent parcel of land

Servient tenement

A property that is burdened by an easement

Conditions

Limiting restrictions stating that upon the happening or not happening of some stated event. The estate shall be changed in some manner

Dominant Tenement

Real property that benefits from an easement

Mortgage

An instrument, recognized by law by which property is hypothecated to secure the payment of a debt. This instrument is not commonly used in California that is popular on the East Coast

Plaintiff

In a court action the one who sues the complaint

Trust deed

A legal document by which a borrower pledges certain real property as collateral for the repayment of the loan. In addition to the buyer and seller there is a third party to the transaction known as a trustee

Encroachment

The construction of improvement on the property of another

Sheriff sale

A court ordered sale of real or personal property by the sheriff pursuant to the execution of a judgment

Encumbrance

Anything that affects our limits the fee simple title to, or value of the property e.g. Mortgage or easements

Attachments

The process by which real or personal property is seized by the court for the purpose of assuring payment

Abstract of judgment

A recorded document of the essential provisions of a court judgment

Declaration of Homestead

A formal statement that protects the head of the household from losing the property to the claims of creditors, usually up to a set maximum amount

Easement

A right, limited to a specific use, that one party has in the land of another

Covenant

A promise to do or not to do a particular thing

Specific lien

A lien that attaches to a specific property rather than all the property of the debtor

Declaration of abandonment

A statement declaring the intent to give up a homestead usually to declare a homestead on a new residence

Preliminary Notice

A notice that forms are wards owners lenders and general contractors that subcontracts have been hired, art materials have been supplied to a particular job site

Lis Pendens

A notice filed our recorded for the purpose of warning all persons that the title to certain real property is in litigation

Easement in gross

An easement for the benefit of a person are utility company rather than for the benefit of the adjacent land owners

Writ of execution

A writ to carry out a court order usually arising from a judgment

General lien

A lien such as a tax lien our judgment lien that attaches to all property of the debtor rather than a specific property

Blanket encumbrance

A lien, usually a trust deed in California coming more than one property of the borrower

Homestead

A statutory protection of a home from the claim of a certain creditor and judgment up to a specified amount

Notice of non-responsibility

A notice, recorded and posted by the property owner to relieve he or she of responsibility for the cost of an unauthorized work done on his or her property or materials furnished

Restrictions

A limitation on the use of real property. These limitations fall into two general classification public and private. Zoning ordinance or public, well a clause in the deed required the roof to be made of Spanish red tile would be a private limitation

Lien

A form of encumbrance that usually makes specific property security for the payment of a debt

Satisfaction

Discharge of a mortgage or trust deed from the records upon payment of the debt make sure you receive a deed of reconveyance to prove that you paid off the deed of trust

Mechanics lien

A lien, created by statute, which exists against real or personal property in favor of person who have performed work are furnished materials for the improvement of real property

Defendant

A person against whom a civil or criminal action is taken

Voluntary lien

Our money debts that an owner agrees to pay

Dominant tenement

Is the land that obtains the benefit of an easement

Servient tenement

Is the land that gives the easement for the benefit of another( use if the land)

Police power

Public restriction promotes health safety moral and general welfare of the public

Involuntary lien

Our money obligations that creates a burden on the property by government taxes are legal action because of unpaid bills

Mortgage

A lien that secures real property for the payment of a promissory note

Scheme of improvements

This is known as the - A mechanics lien dates back to the beginning of work on a project

Special assessment

Local improvements are paid by the property owner in a given district to special assessment

Judgment

Is a court decision determining the right of the party involved and the amount of compensation

Abstract of judgment

Formal filing of the judgment must be recorded

Injunction

Is a court order which can restrict a party from doing and ask such as violating private deed restriction

Non-money encumbrance

Easements, building restriction and zoning, and encroachment

Easement Appurtenant

Is an easement created for and beneficial to the owner

Easements can be created by

Deed, implication of law ( implied easement or easement by necessity ) prescription,