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19 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Bailee |
Person receiving transferred property |
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Bailor |
Person transferring property |
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Bailment |
Legal relationship in common law where physical property is transferred between people |
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Deed of Trust |
Legal title in real property transferred to a trustee who holds it as security for a loan |
West VA |
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Easement |
Right to use real property for a specific purpose Interest in real property |
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Fee simple estate |
Form of freehold ownership |
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Bill of sale |
Document that transfers ownership from a seller to a buyer |
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Deed |
A document signed and delivered from the seller to the buyer stating what all is included in the purchase of the real property |
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Fixture |
Physical property that is permanently attached to real property |
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Landlord |
Lessor of real property |
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License mortgagor |
Personal lending the money for the purchase of real property |
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Life estate |
Estate in real property that ends at death and ownership revert back to the previous owner or passes to another person |
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Mortgage |
Legal document that the owner transfers to the lender as an interest in real estate to ensure repayment |
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Mortgagee |
Person borrowing money for the purchase of Real property |
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Personal property |
Movable property |
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Property |
Possession or ownership |
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Real property |
Immovable fixed property |
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Tenant |
A person who is granted temporary and exclusive use of land |
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Title |
Written document that proves ownership |
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