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21 Cards in this Set
- Front
- Back
- 3rd side (hint)
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BUNDLE OF RIGHTS |
Ownership rights that transfer with Real Estste |
CDEEP |
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CDEEP |
CONTROL,DISPOSITION,ENJOYMENT,EXCLUSION,POSSESSIONLEGAL |
WHAT ARE BUNDLE OF RIGHTS |
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LEGAL DESCRIPTION |
Describes no other property but the one in question |
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Meets and bounds |
Land description that uses boundaries by monuments and benchmarks, start and finish at same point |
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Rectangular Survey |
Township, grid east to west 36 sections each 1 mile by 1 mile |
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Subdivision survey |
Lot and block plat map |
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Subdivision survey |
Lot and block plat map |
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Statue of frauds |
State law that requires all transactions to be in writing to be enforceable |
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Personal Property (chattels) |
Property that is moveable |
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Real estate |
The earths surface downward to the center ....includes all things permanent |
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Maria- personal property |
Method,agreement,relationships,intention,adaptation |
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Maria- personal property |
Method,agreement,relationships,intention,adaptation |
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severence |
Convert real property into personal property |
Severing from real property...tree,crops, |
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Emblements |
Personal property such as factual,planted or mined before the teas action of real estate |
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Freehold estates |
Estates indefinite period of time ,fee simple absolute,fee simple defeasable, life Estste |
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Freehold estates |
Estates indefinite period of time ,fee simple absolute,fee simple defeasable, life Estste |
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Fee simple absolute |
Automatic, all rights to property ownership, CDEEP, survivorship |
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Freehold estates |
Estates indefinite period of time ,fee simple absolute,fee simple defeasable, life Estste |
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Fee simple absolute |
Automatic, all rights to property ownership, CDEEP, survivorship |
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fee simple defeasable |
Not automatic, subject to conditions,special limitations , can be taken back via court |
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Fee simple defeasable by special condirion |
Limitations broken automatically reverts back without court involvement |
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