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15 Cards in this Set
- Front
- Back
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All property other than real estate is known as ___________________. |
Personal Property |
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Real Estate consists of three things: Land, Improvements and ________. |
Rights (appurtenances) |
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If a seller is taking a fixture, it must have been _____________ from the purchase agreement. |
Excluded |
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Land is not considered a _____________ because it cannot be sold quickly. |
Liquid Asset |
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When articles of personal property are
permanently attached to the improvements, they become _________. |
Fixtures |
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Before a new building can be inhabited, a _______________________________ is required. |
Certificate of Occupancy |
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Permission to vary from strict compliance with zoning requirements may be obtained in the form of a _____________. |
Variance |
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When a previously established use does not comply with the requirements of a new zoning ordinance, it may be allowed to continue as a _________________________. |
Nonconforming use |
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Townships, sections, and meridians are used in the ___________________________ form of legal description. |
Rectangular (Government) Survey |
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A legal description that uses compass degrees is ________________________. |
Meets and bounds |
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The type of legal description used in most urban areas is ___________________________. |
Lot, Block, and Subdivisions |
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A _____________ may be used to separate two incompatible zoning uses. |
Buffer Zone |
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Real Estate and fixtures are transferred with a _______.
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Deed
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Personal property is transferred with a _____________.
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Bill of sale
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If the buyer is keeping the seller's personal property, it must be ___________ in the purchase agreement. |
Included |
