1 - Property Ownership Flashcards

1
Q

Situs

A

Favorable site or preferred location

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2
Q

Township

A

36 sections with each section having 640 acres

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3
Q

Specific Lein

A

Relates to a specific property i.e. taxes, mortgage mechanic Lien

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4
Q

Service by tenement

A

Where the easement is placed

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5
Q

Appurtenances

A

Something in addition to

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6
Q

Dominant tenement

A

Tenement easement user

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7
Q

Prescriptive easement

A

Created by open notorious hostile and continuous use

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8
Q

License

A

Revocable permission

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9
Q

Escheat

A

No heirs, govt becomes owner

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10
Q

Remainder man

A

Person whom life estate goes upon death of life tenant

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11
Q

Inchoate

A

Incomplete, not perfected

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12
Q

Tenancy in common

A

No right of survivorship

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13
Q

Datum

A

Elevation benchmark

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14
Q

Laches

A

Doctrine that says you lose right if don’t exercise it in time

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15
Q

Lis pendens

A

Latin for litigation pending

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16
Q

Meridians

A

Parallel vertical lines ( N S ) 6 miles apart

17
Q

Trade fixtures

A

A commercial tenants removable fixtures