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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