3 Chapter Rights & Interest In Land(Class Work Sheet)

Front 1

qualified fee estate

Back 1

a fee simple estate subject to certain limitations imposed by the grantor (person creating the estate)

Front 2

fee simple determinable estate

Back 2

a fee estate limited by the happening of a certain event. example as long as the land is being used for the church.

Front 3

fee simple subject to condition subsequent

Back 3

gives the grantor the right to terminate the estate. example if it is no longer being used for the intended purpose the grantor(remainder man) can take back the land

Front 4

remainderman

Back 4

one who is entitled to take an estate in remainder also called the grantor

Front 5

fee simple upon condition precedent

Back 5

title does not take effect until a condition is performed.

Front 6

life estate

Back 6

the conveyance of fee title for the duration of someone's life. Someone must be named to acquire the estate upon its termination( the life tenant dies)

Front 7

life tenant

Back 7

one who possesses a life estate; the one who is receiving the property for their life.

Front 8

reversion

Back 8

the right to retake title at a later date

Front 9

statutory estate

Back 9

estate created by law and includes dower, curtsey, community property, and homestead rights

Front 10

dower

Back 10

the legal right of a widow (wife) to a portion of her deceased husbands real property.

Front 11

curtsey

Back 11

the legal right of a widower (husband) to a portion of her deceased wife's real property.

Front 12

community property

Back 12

spouses are treated as equal partners with each owning one-half interest.

Front 13

leasehold estate

Back 13

(tenant) an estate in land where there is possession but not ownership

Front 14

estate for years

Back 14

any lease with a specific start time and a specific ending time.

Front 15

periodic estate

Back 15

a tenant that provides for continuing automatic renewal until canceled, such as a month to month rental

Front 16

estate at will

Back 16

an estate that can be terminated by the lessor or lessee at any time.

Front 17

tenancy at sufferance

Back 17

occurs when a tenant stays beyond legal tenancy with out the consent of the landlord.

Front 18

what are the governments rights?

Back 18

taxation, eminent domain, police power, eschest

Front 19

what are some encumbrances?

Back 19

liens, restrictions, encroachments, easements( in gross & appurtenant) & leases

Front 20

what are the water rights

Back 20

littoral rights (lakes and sea) riparian rights(rivers and streams) prior appropriation( the first to divert the water for personal use may continue to do so)

Front 21

allodial system

Back 21

holding land in absolute ownership

Front 22

suite to quiet title

Back 22

legal action intended to establish or settle the title claim to a particular property

Front 23

special assessment

Back 23

levees for improvements, such as sidewalks and waterlines, made to a property

Front 24

Lis Pending

Back 24

this notice renders a property unmarketable because of a litigation is pending

Front 25

general lien

Back 25

lien against all property of a person, real and personal property

Front 26

fee simple defeasible

Back 26

a special limitation with a possibility of reverting

Front 27

leasehold interest

Back 27

lessee's interest in the leased premises

Front 28

leased fee interest

Back 28

lessor's interest in a leased property

Front 29

homestead

Back 29

the land, and improvements thereon, designated by the owner as the owners homestead and therefore, protected by state law from forced sale by certain creditors of the owner

Front 30

what are legal life estate created by law?

Back 30

dower, curtsey, homestead