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5 Cards in this Set
- Front
- Back
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Property
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RIGHTS or INTEREST which the owner has in the THING own. The right to POSSESS, USE, ENCUMBER, DISPOSE OF, and to EXCLUDE.
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Estate
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The OWNERSHIP INTEREST a person has in the LAND.
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Freehold Estate
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Is also known as FEE ESTATE or ESTATE IN FEE.
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Fee Simple Defeasible
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Is a transfer of title SUBJECT to a CONDITION.
Ex. Condition not to drink alcohol on the property. |
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Life Estate
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Is a TITLE LIMITED to the LIFE of the OWNER.
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