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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 |
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Servient tenement |
A property that is burdened by an easement |
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Conditions |
Limiting restrictions stating that upon the happening or not happening of some stated event. The estate shall be changed in some manner |
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Dominant Tenement |
Real property that benefits from an easement |
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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 |
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Plaintiff |
In a court action the one who sues the complaint |
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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 |
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Encroachment |
The construction of improvement on the property of another |
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Sheriff sale |
A court ordered sale of real or personal property by the sheriff pursuant to the execution of a judgment |
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Encumbrance |
Anything that affects our limits the fee simple title to, or value of the property e.g. Mortgage or easements |
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Attachments |
The process by which real or personal property is seized by the court for the purpose of assuring payment |
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Abstract of judgment |
A recorded document of the essential provisions of a court judgment |
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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 |
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Easement |
A right, limited to a specific use, that one party has in the land of another |
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Covenant |
A promise to do or not to do a particular thing |
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Specific lien |
A lien that attaches to a specific property rather than all the property of the debtor |
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Declaration of abandonment |
A statement declaring the intent to give up a homestead usually to declare a homestead on a new residence |
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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 |
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Lis Pendens |
A notice filed our recorded for the purpose of warning all persons that the title to certain real property is in litigation |
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Easement in gross |
An easement for the benefit of a person are utility company rather than for the benefit of the adjacent land owners |
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Writ of execution |
A writ to carry out a court order usually arising from a judgment |
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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 |
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Blanket encumbrance |
A lien, usually a trust deed in California coming more than one property of the borrower |
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Homestead |
A statutory protection of a home from the claim of a certain creditor and judgment up to a specified amount |
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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 |
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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 |
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Lien |
A form of encumbrance that usually makes specific property security for the payment of a debt |
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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 |
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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 |
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Defendant |
A person against whom a civil or criminal action is taken |
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Voluntary lien |
Our money debts that an owner agrees to pay |
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Dominant tenement |
Is the land that obtains the benefit of an easement |
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Servient tenement |
Is the land that gives the easement for the benefit of another( use if the land) |
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Police power |
Public restriction promotes health safety moral and general welfare of the public |
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Involuntary lien |
Our money obligations that creates a burden on the property by government taxes are legal action because of unpaid bills |
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Mortgage |
A lien that secures real property for the payment of a promissory note |
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Scheme of improvements |
This is known as the - A mechanics lien dates back to the beginning of work on a project |
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Special assessment |
Local improvements are paid by the property owner in a given district to special assessment |
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Judgment |
Is a court decision determining the right of the party involved and the amount of compensation |
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Abstract of judgment |
Formal filing of the judgment must be recorded |
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Injunction |
Is a court order which can restrict a party from doing and ask such as violating private deed restriction |
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Non-money encumbrance |
Easements, building restriction and zoning, and encroachment |
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Easement Appurtenant |
Is an easement created for and beneficial to the owner |
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Easements can be created by |
Deed, implication of law ( implied easement or easement by necessity ) prescription, |