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20 Cards in this Set
- Front
- Back
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LACHES
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A DOCERTINE USED BY A COURT TO BAR LEGAL RIGHTS DUE TO AN UNNECESSARY DELAY IN ASSERTING THOSE RIGHTS
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LAND
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SURFACE OF EARTH DOWNWARD TO THE CENTER, AIR ABOVE IT, AND EVERYTHING PERMANENTLY ATTACHED THEREON
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LANDLOCKED
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A PROPERTY THAT IS ENTIRELY SURROUNDED BY PRIVATE PROPERTY BELONGING TO ANOTHER-OWNER MUST HAVE ACCESS TO HIS PROPERTY BY WAY OF EASEMENT
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LANDLORD
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ONE WHO RENTS PROPERTY-LESSOR
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LEASE
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A CONTRACT WHERIN FOR A CONSIDERATION A LESSOR(LANDLORD)GIVES POSSESSION AND USE OF REAL ESTATE TO A LESSEE
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LEASE WITH OPTION TO PURCHASE
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LEASE THAT INCLUDES AN AGREED UPON PRICE AT WHICH THE TENANT MAY PURCHASE THE PROPERTY BY A GIVEN DATE
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LEASED FEE ESTATE
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LANDLORDS INTEREST IN PROPERTY HE HAS LEASED
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LEASEHOLD
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TENANTS RIGHT TO OCCUPY REAL ESTATE DURING THE TERM OF THE LEASE
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LEGAL DESCRIPTION
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DESCRIPTION OF LAND THAT IS SPECIFIC ENOUGH TO PERMIT AN INDEPENDANT SURVEYOR TO LOCATE AND IDENTIFY THE PARCEL
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LEASEE
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PERSON WHOM LANDLORD GRANTS USE AND POSSESSION OR REAL ESTATE FOR A CONSIDERATION
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LESSOR
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PERSON WHO RENTS OR LEASES PROPERTY TO ANOTHER
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LICENSE
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AUTHORIZATION TO PERFORM A PARTICULAR ACT ON ANOTHERS LAND
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LIEN
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A CLAIM THAT ONE PERSON HAS ON REAL ESTATE OF ANOTHER AS SECURITY FOR A DEBT
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LIFE ESTATE
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AN ESTATE IN REAL PROPERTY THAT IS LIMITED IN TIME TO THE LIFE OF THE OWNER OR SOME OTHER PERSON NAMED BY THE OWNER
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LIFE TENANT
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ONE WHO IS PERMITTED TO USE A PROPERTY THAT IS LIMITED IN TIME TO THE LIFE OF THE OWNER OR PERSON NAMED BY OWNER
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LIMITED PARTNERSHIP
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A PARTNERSHIP THAT CONSISTS OF GENERAL PARTNERS AND LIMITED PARTNERS-GENERAL PARTNERS ARE FULLY RESPONSIBLE-LIMITED PARTNERS ARE RESPONSIBLE ONLY TO THE AMOUNT OF THEIR INVESTMENT
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LIS PENDENS
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NOTICE THAT A LEGAL SUIT IS PENDING UPON A PARTICULAR PIECE OF REAL PROPERTY
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LISTING
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A WRITTEN AGREEMENT BETWEEN OWNER(PRINCIPLE) AND BROKER(AGENT) AUTHORIZING THE BROKER TO PROCURE A BUYER OR TENANT FOR HIS REAL ESTATE
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LITTORAL RIGHTS
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RIGHTS OF OWNER WHOSE LANDS ABUTS OR IS ADJACENT TO STREAMS AND LAKES-ALSO KNOW AS RIPERIAN RIGHTS
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LOT, BLOCK AND SUBDIVISION
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METHOD OF DESCRIBING A PARTICULAR PROPERTY UTILIZING A LOT NUMBER LOCATED WITHIN A PARTICULAR BLOCK IN A SUBDIVISION
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