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31 Cards in this Set
- Front
- Back
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bundle of rights |
occupy and use build grant easement mortage mine, drill, farm restrict use Convent exclude to others sell refuse to sell give away, abandon rent or lease license devise by will |
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types of taxes |
school taxes community college tax road + bridge tax hospital tax (mud tax) |
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types of land rights |
water oil + gas sand and gravel lignite air wind all mineral geomental Surface |
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types of exemptions |
homestead exemption over 65 disable vet over 65 freeze open square adulment tax incentive finance |
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Types of legal description |
community property Joint tenace joint venture limited liability partnership tenant in common undivided interest
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base line |
aneast west or geographer line selected as a base referance in the rectangular surbey system |
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fixture |
an object that has been attached to land so as to become real estate |
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impoverment |
any form of land development, such as buildings, rounds, fences |
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meters and bound |
a detailed method of land description that identifies a parcel by specifying its shape and boundaries |
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monument |
an iron pipe , stone , tree, or often fixed point on in a making of a survey |
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personal property |
a right or invest in things of a temporary nature (example... chopped wood) |
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real estate |
land of improvement in a physical sense as used as the right to coown |
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acre |
43560 square feet |
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recorded plat |
asubdivsion map filed in that county record office |
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chattel |
anartical of personal property |
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easement |
the right one party has to use belonging to ensure for a special purpose not inconsistent with the owners use of the land |
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eniment domain |
the right of the goverment to take privately held land for the public good with compensation |
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enroachemnt |
The unauthorized intrusion of a building or other ingrovement onto another person's land |
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fee sample |
the largest most complete bundle of rights one can hold in land; land ownership |
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homestead protection |
State laws that protect against the forced sale of a person's home |
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lien |
a hold or claim that one person has on the property of another for a secure payment of dent |
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title |
the right or ownership of something , evidence of ownership |
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association |
no profit group that can own property and transact business in its own name |
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community property |
a property in which a source as treadted with equal partners, with each day, |
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estate of servarty |
an estate own by one person |
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financial liabitliy |
theammount of money one can lose |
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join tenacy |
a form of property coownership |
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joint venture |
and association of two or more person or firms in order to carry out a single business |
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limtied liabiltiy company |
a company consistency of mange of manage that the goverment by it's laws |
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partnership |
one or more person engage in business |
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exception |
notation in a deed of title to real property which states that certain interests, such as easements, mineral rights or a life estate, are not included in the transfer (conveyance) of title. |
