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30 Cards in this Set

  • Front
  • Back
ALLODIAL SYSTEM
ABSOLUTE POSSESSION
BUNDLE OF RIGHTS
RIGHTS ACQUIRED BY OWNWERSHIP
CONDEMNATION
EMINENT DOMAIN (POWER OVER PRIVATE PROPERTY FOR THE PUBLIC GOOD
CONDOMINIUM
OUTRIGHT OWNERSHIP ( PAYS OWN TAXES, MORTGAGE USUALLY NEEDED
COOPERTIVE
OWNED BY GROUP OF PEOPLE IN COMMON.EACH OWNER OWNS A CERTAIN AMOUNT OF STOCK.MORTGAGE IS NOT NEEDED USUALLY FINANCED BY COOPERTIVE CREDIT UNION.PAY TAX AS GROUP
EMINENT DOMAIN
POWER OVER PRIVATE PROPERTY FOR THE GOOD OF THE PUBLIC
ESCHEAT
ALLOWS GOVERNMENT TO TAKE PRIVATE PROPERTY, IF OWNERSHIP IS UNKNOWN.GOVERNMENT TAKE TITLE AND RESELLS AT ESCHEAT SALE
FEE SIMPLE
THE MOST COMPLETE AND ABSOLUTE FORM OF OWNERSHIP IN A PARCEL OF REAL ESTATE
FIXTURE
AN ARTICLE, ONCE CLASSED AS PERSONAL PROPERTY,THAT HAS BECOME AFFIXED TO THE REAL ESTATE AND NOW IS CLASSED AS REAL PROPERTY
FREEHOLD ESTATE
AN ESTATE THAT IS FOR AN INTERMONATE LENGHT OF TIME, SUCH AS A FEE SIMPLE OR LIFE ESTATE
LAWS OF DISTRIBUTION
IF A PERSON DIES HAVING AN ESTATE FOR INHERITANCE,HE CAN DEVISE(TRANSFER)BY A WILL OR IT WILL GO TO THE PROPER PERSONS LISTED UNDER STATES LAW OF DISTRIBUTION
LEASEHOLD ESTATE
A TENANTS RIGHT TO OCCUPY REAL ESTATE DURING THE RERM OF A LEASE.UPON EXPIRATION OF THIS LEASE THE PROPERTY REVERTS TO THE OWNER
LIFE ESTATE
AN ESTATE IN REAL PROPERTY THAT IS LIMITED IN TIME TO THE LIFE OF THE OWNER OR SOME PERSON NAMED BY THE OWNER
PERSONAL PROPERTY
ANYTHING THAT IS REAL PROPERTY.ANYTHING MOVABLE AS PERSONAL PROPERTY
POLICE POWER
TEH CONSTITUTIONAL AUTHRITY 7 POWER OG THE GOVERNMENT TO REGULARE7 ADOPT LAWS PROMOTING THE GENERAL SAFETY & WELFARE OF THE PUBLIC THE RIGHT TO TAX 7 TO REGULATE LAND USE THROUGH MASTER PLAN & ZONING
ALLODIAL SYSTEM
ABSOLUTE POSSESSION
BUNDLE OF RIGHTS
RIGHTS ACQUIRED BY OWNWERSHIP
CONDEMNATION
EMINENT DOMAIN (POWER OVER PRIVATE PROPERTY FOR THE PUBLIC GOOD
CONDOMINIUM
OUTRIGHT OWNERSHIP ( PAYS OWN TAXES, MORTGAGE USUALLY NEEDED
COOPERTIVE
OWNED BY GROUP OF PEOPLE IN COMMON.EACH OWNER OWNS A CERTAIN AMOUNT OF STOCK.MORTGAGE IS NOT NEEDED USUALLY FINANCED BY COOPERTIVE CREDIT UNION.PAY TAX AS GROUP
EMINENT DOMAIN
POWER OVER PRIVATE PROPERTY FOR THE GOOD OF THE PUBLIC
ESCHEAT
ALLOWS GOVERNMENT TO TAKE PRIVATE PROPERTY, IF OWNERSHIP IS UNKNOWN.GOVERNMENT TAKE TITLE AND RESELLS AT ESCHEAT SALE
FEE SIMPLE
THE MOST COMPLETE AND ABSOLUTE FORM OF OWNERSHIP IN A PARCEL OF REAL ESTATE
FIXTURE
AN ARTICLE, ONCE CLASSED AS PERSONAL PROPERTY,THAT HAS BECOME AFFIXED TO THE REAL ESTATE AND NOW IS CLASSED AS REAL PROPERTY
FREEHOLD ESTATE
AN ESTATE THAT IS FOR AN INTERMONATE LENGHT OF TIME, SUCH AS A FEE SIMPLE OR LIFE ESTATE
LAWS OF DISTRIBUTION
IF A PERSON DIES HAVING AN ESTATE FOR INHERITANCE,HE CAN DEVISE(TRANSFER)BY A WILL OR IT WILL GO TO THE PROPER PERSONS LISTED UNDER STATES LAW OF DISTRIBUTION
LEASEHOLD ESTATE
A TENANTS RIGHT TO OCCUPY REAL ESTATE DURING THE RERM OF A LEASE.UPON EXPIRATION OF THIS LEASE THE PROPERTY REVERTS TO THE OWNER
LIFE ESTATE
AN ESTATE IN REAL PROPERTY THAT IS LIMITED IN TIME TO THE LIFE OF THE OWNER OR SOME PERSON NAMED BY THE OWNER
PERSONAL PROPERTY
ANYTHING THAT IS REAL PROPERTY.ANYTHING MOVABLE AS PERSONAL PROPERTY
POLICE POWER
TEH CONSTITUTIONAL AUTHRITY 7 POWER OG THE GOVERNMENT TO REGULARE7 ADOPT LAWS PROMOTING THE GENERAL SAFETY & WELFARE OF THE PUBLIC THE RIGHT TO TAX 7 TO REGULATE LAND USE THROUGH MASTER PLAN & ZONING