Ch 3 CA Legal Aspects in RE - Easements Flashcards
What is a lien on all the property of a debtor?
General lien
What is a legal claim on all of the property of a judgment debtor which enables the judgment creditor to have the property sold for payment of the amount of the judgment?
Judgment Lien
What is Latin for “according to value”?
Ad valorem
When does a tax sale occur if property taxes is not paid?
If no payment in 5 year
What type of easement when utilities or telephone company have access to a property to service those items?
easement in gross
What interest has a fee absolute title?
possessory
This __a__is also known as encumberance.
Encumberance has two examples __b__ and __c__.
a - Non-possessory interest
b - easement
c - liens
What is an easement entitling its holder to do something affecting the land of another in such a way that the holder would be guilty of trespass or nuisance were it not for the easement?
Positive Easement
What type of easement when utilities or telephone company have access to a property to service those items?
(commercial) easement in gross
What encumbrance right is held by 1 person to use specifically ie road easement?
easement
What encumbrance right is held by one person to use specifically i.e. road easement?
easement
What is a well worn path the kids have been used to walk to school that the owner has allowed verbally?
Non-recorded easement
What is a burden on the land and neighbor has right to cross my land to drive home?
Recorded easement
What is preserved land in scenic space in public interest binding to successive owner?
conservation easement
An estate which vests after the termination of the prior estate is known as a/an…? Leasehold estate Estate in remainder Estate at will Estate in reversion
Estate in remainder