1 Real Estate Flashcards
📚Great MAHELE year?
1848
50th state
Hawaii
Former kingdom?
True
Accretion?
Additions to land by sand or soil by bordering waters
Tenements?
All rights of land that pass conveyance of land
Tangible?
Personal property: jewelry, machinery etc.
Intangible?
Cannot be seen or touched: contract, mineral rights, accounts receivable, leasehold
Bundle of rights?
All rights to the real property
Hereditament?
Any property that may be inherited
90% of gas, oil, minerals rights reserved by the
STATE
Fixtures?
Personal property that become attached in such a manner as to become part of (appurtenant) “real property”
Household furnishing is considered what type of property?
Personal property
Bill of sale for
Written instrument given to pass title of Removable fixtures for sales contract for real property
The smallest of free hold estates is a
LIFE ESTATE
Freehold = Life estate
Fee simple subsequent + Fee simple determinable are both
FEE SIMPLE DEFEASIBLE
Both: DEFEASIBLE
- Condition subsequent
- Determinable