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13 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Trade fixtures |
Personal property of tenant |
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Emblements |
Crops fructus have 1 yr to get |
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Bill of sale |
Given as a receipt for personal property |
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Severalty |
Only one sole owner 1 corp can own Severalty in commercial prop |
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Concurrent |
2 or more owners of 1 property |
There are 4 types |
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Tenancy in common |
Each owner has own title, seperate deeds. May be unequal time. |
Time -tittle-interest possession don't have to be equal or at same time |
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Joint tenancy |
All parties must take possession at same time all parties on 1 deed. |
Equal |
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Tenancy by the entireties |
Must ne married but not in ga |
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COMMUNITY property |
Must be married but not in ga |
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Fee ESTATE |
Highest form of ownership 'fee simple ABSOLUTE NO CONDITIONS ON DEED |
Freehold states |
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Life Estate |
1. Revisionsary- fee simple deeded to grantee for their life grantors heirs 2. Remainder goes back to gtantor when grantee dies 3. Reservation- grantor owns land and deeds title to grantee 4. Pour autre vie- grantees life ESTATE based on someone elses life |
4 types |
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3 types of legal statutory |
Dower- wife Curtesy- husband 3. Homestead- family residence protected from judgement liens They are all life estates can be sold, leased and mortgaged. GA ONLY ACCEPTS HOMESTEAD |
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Deeds |
1.General is best protection for buyer 2. Special Warranty - covenant against grantors ACT. 3.bargain and sale- seizing court appointed sale 4. Quitclaim no promises |
4 types |
