Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
real property
|
land or anything permanently affixed to land and or no longer moveable
|
|
|
freehold estate
|
inteerest in real peroperty that involve certain rights of ownership
|
|
|
fee simple
|
absolute ownership of real property
|
|
|
life estate
|
the right to possess and use real prop for the duration of ones life with limited ownership rights- cannot be disposed of or treated to ruin purpose
|
|
|
personal prop
|
Personal property may be classified in a variety of ways, such as goods, money, negotiable instruments, securities, and intangible assets including choses in action.
|
|
|
real prop
|
immovable, land or affixed to it
|
|
|
forced share
|
the legal right of a surviing spose to recieve a ertain percentage of the estate of a decesased spose, superior to the terms of a will or other rights if inheritence
|
|
|
tenancy in common
|
each owner has equal share
|
