Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
20 Cards in this Set
- Front
- Back
|
Acknowledgment |
A formal declaration to a public official notary by a person who has signed an instrument that states that signing was voluntary |
|
|
Appurtenance |
Those rights and improvements that belong to and pass with the transfer of real property, but are not necessarily a part of the actual property |
|
|
Bundle of rights |
An ownership concept, describing all the legal rights that attached to the ownership of real property |
|
|
Easement |
The right to use another’s land for a specific purpose |
|
|
trade fixture |
Personal property affixed to leased property by the tenant for business that may be removed by tenant upon termination of the lease. |
|
|
Trade fixture |
Personal property affixed to leased property by a tenant for business that may be removed by tenant upon termination of the lease |
|
|
Riparian rights |
The rights of a land owner, whose land is next to a natural watercourse to reasonable use of whatever water flows past the property. |
|
|
Freehold estate |
An estate in real property which continues for an indefinite period of time. |
|
|
Emblements |
Annual crops produced for sale by tenant farmers |
|
|
Personal property |
Anything movable that is not real property. |
|
|
Littoral fixture |
Land, bordering a lake, ocean or sea. |
|
|
Fixture |
Personal property that has become affixed to real estate |
|
|
Real property |
Land, anything affixed to the land, anything APPURTENANT to the land, anything, immovable by law. |
|
|
Severalty |
Ownership of real property by one person or entity. |
|
|
Chattel |
Personal property |
|
|
Less than freehold estate |
A leasehold estate, considered to exist for a definite period of time or successive period of time until termination. |
|
|
Life estate |
And a state that is limited induration to the life of its owner, or the life of some other chosen person |
|
|
Title |
Evidence of land ownership |
|
|
Constructive notice |
Notice given by recording a document, or taking physical possession of the property. |
|
|
Quiet enjoyment |
The right to peace without aggravation by others. |
