6 S.R. Flashcards

0
Q

______ is a reversionary right; if an owner dies without heirs, the property reverts back to the government.

A

Escheat

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1
Q

____ are also known as real estate taxes, or ad valorem taxes.

A

Property taxes

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2
Q

______ power allows governmental bodies to have the right to enact and enforce regulations for the order, safety, health, morals, and general welfare of the public.

A

Police

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3
Q

_______ is the right of the government or a public utility to acquire property that is necessary for public use.

A

Eminent domain

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4
Q

Eminent domain requires condemnation proceedings and _____.

A

Compensation

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5
Q

If a property owner dies intestate it means he or she died without a ______.

A

Will

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6
Q

Residential homestead, agriculture, and commercial are examples of property ________.

A

Classifications

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7
Q

A ______ tax is a property tax that is levied on homeowners and landowners to cover the costs of improvements that will be for the benefit of all upon whom it is imposed.

A

Special assessment

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8
Q

A _____ assessment is an estimate or contractor’s bid for work that has been approved for an improvement, but has not yet been completed.

A

Pending

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9
Q

A _______ assessment has been billed, work is completed, but it has not yet been paid.

A

Levied

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10
Q

______ is defined as the land and natural resources on or under it, and anything permanently fixed to it.

A

Real estate or real property

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11
Q

The types of real property rights are land surface rights (or sub surface rights), and ________.

A

Sky or air rights

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12
Q

Anything attached to the land that is intended to be permanent is considered a/an_______, and part of the real estate.

A

Improvement

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13
Q

______ are the rights to use, control, or occupy the space above a designated property.

A

Air rights

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14
Q

_______ rights do not mean the landowner owns the water.

A

Water

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15
Q

_____ are crops or products of the land that legally belong to a tenant.

A

Emblements

16
Q

The three types of legal descriptions are Metes and Bounds, Government Public Land Survey System (Also known as the Government Rectangular Survey System), and _______.

A

Lot and Block survey system

17
Q

A _____ legal description always has the words “point of beginning” in it.

A

Metes and bounds

18
Q

A/an _____ is a burden, obstruction, or impediment on property that lessens its value or makes it less marketable.

A

Encumbrance

19
Q

An easement in _____ is typically for utility company rights.

A

Gross

20
Q

A/an ______ is an easement where one piece of land (the dominant estate) benefits by the easement, and the other piece of land (the servient estate) has the burden of the easement.

A

Easement appurtenant

21
Q

A/an ______ easement is created by a contract, deed, or will.

A

Express

22
Q

An easement by _____ is created when selling a piece of land, while retaining rights.

A

Implication

23
Q

An easement by ______ is created by acquiring rights after years of usage.

A

Prescription

24
Q

A restrictive ______ is a legal obligation, imposed in a deed by the seller upon the buyer of real estate to do, or not to do, something.

A

Covenant

25
Q

A ________ is a recorded creditor’s claim against property to secure repayment of a debt.

A

Lien

26
Q

A/an ______ is a building, a part of a building, or an obstruction that physically intrudes upon, overlaps, or trespasses upon the property of another.

A

Encroachment