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20 Cards in this Set
- Front
- Back
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Acknowledgment |
A formal declaration to a public official (notary) buy a person who has signed an instrument that states that the signing was voluntary. App |
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Appurtenance |
Those rights and improvements that belong to and pass with the transfer of real property, but are not necessarily a part of the actual property. |
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Bundle of rights |
An ownership concept, describing all the legal rights that attach to the ownership of real property. |
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Easement |
Interest owned by one person in the land of another person. |
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Estate |
A legal interest in land, defines the nature, degree, extent, and duration of a persons ownership in land. |
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Trade fixture |
Personal property affixed to leased property by the tenant for business purposes, that may be removed by tenant upon termination of the lease. |
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Riparian |
The rights of a land owner, whose land is next to a natural watercourse to reasonable use of whatever water flows past the property. |
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Freehold estate |
And estate in real property, which continues for an indefinite period of time. |
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Embellishments |
Annual crops produced for sale by tenant farmers. |
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Personal property |
Anything movable that is not real property. |
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Littoral |
Land, bordering a lake, ocean or sea |
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Fixture |
Personal property that has become affixed to real estate. |
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Real property |
Land, anything affixed to the land, anything appurtenant to the land, or anything, immovable by law. |
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Severally |
Ownership of real property by one person or entity |
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Chattel |
Personal property. |
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Less than freehold estate |
A leasehold estate; considered to exist for a definite period of time or for successive periods of time until termination. |
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Life estate |
An estate that is limited in duration to the life of its owner, or the some other chosen person |
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Title |
Evidence of land ownership. |
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Constructive notice |
Notice given by recording a document, or taking possession of the property. |
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Quiet enjoyment |
The right to peace without aggravation by others. |
