Chapter 2

Question 1

Acknowledgment

Answer 1

A formal declaration to a public official (notary) by a person who has
signed an instrument that states that the signing was voluntary.

Question 2

Apurrtenance

Answer 2

Those rights and improvements that belong to and pass with the transfer
of real property but are not necessarily a part of the actual property. (in/out passage on REAL property like mistys driveway)

Question 3

Bundle of Rights

Answer 3

An ownership concept describing all the legal rights that attach to the

ownership of real property. (he right of possession, the right of control, the right of exclusion, the right of enjoyment and the right of disposition)

Question 4

Chattel

Answer 4

Personal property.

Question 5

Constructive Notice

Answer 5

Notice given by recording a document or taking possession of the property.

Question 6

Easement

Answer 6

easement gives a person or entity the right to access real property that’s owned by someone else

Question 7

Emblements

Answer 7

Annual crops produced for sale by tenant farmers.

Question 8

Estate

Answer 8

A legal interest in land; defines the nature, degree, extent, and duration of

a person’s ownership in land.

Question 9

Estate in Fee

Question 10

Fee simple absolute

Answer 10

Land owned in fee simple is owned completely, without any limitations or condition

Question 11

fee simple qualified

Answer 11

A fee simple qualified estate is a fee simple estate that is subject to limitations by the grantor.

Question 12

fixture

Answer 12

Personal property that has become affixed to real estate. (AIM= adaption, intent of parties, method of attachment)

Question 13

freehold estate

Answer 13

An estate in real property which continues for an indefinite period of time. (OWNERSHIP)

Question 14

less than freehold estate

Answer 14

A leasehold estate; considered to exist for a definite period of time (RENTING A PLACE)

(Exmaple: 12 mon lease term (Estate for yrs), month-month lease (periodic estate), tenancy at will (someone lives with u) tenancy at sufferance (u stay longer than ur time period)

Question 15

life estate

Answer 15

An estate that is limited in duration to the life of its owner or the life of

some other chosen person.

Question 16

Littoral

Answer 16

Land bordering a lake, ocean, or sea. (LITTORAL=LAKE)

Question 17

Patents

Answer 17

A conveyance for the transfer of title to land owned by the government; land patent.

Question 18

Personal Property

Answer 18

Anything movable that is not real property.

Question 19

Prescription

Answer 19

a user of land may establish a prescriptive easement by proving that his or her use of another’s land was: (1) continuous and uninterrupted for five years; (2) open and notorious; and (3) hostile.

EX:Johnny bought property that did not have access to a public road, but he used the private gravel road of his neighbor to reach a public road for ten years. A court may grant him a prescriptive easement if the owner of the other property did not ask him to stop using the private road.

Question 20

Quiet Enjoyment

Answer 20

The right to peace without aggravation by others.

Question 21

Real Property

Answer 21

Land, anything affixed to the land, anything appurtenant to the land,

anything immovable by law.

Question 22

Riparian Rights

Answer 22

The rights of a landowner whose land is next to a natural watercourse to

reasonable use of whatever water flows past the property. (RIPARIAN= FLOWS LIKE RIVER)

Question 23

Severalty

Answer 23

Ownership of real property by one person or entity.

Question 24

Title

Answer 24

Evidence of land ownership.

Question 25

Trade fixture

Answer 25

Personal property affixed to leased property by the tenant for business
purposes that may be removed by tenant upon termination of the lease.

Question 26

Joint Tenancy

Answer 26

TTIP: TITLE, TIME, Interest, POSSESSION (right of survivorship)

Question 27

Defeasible Fee

Answer 27

on one condition! You have to use the land for what its intended to or else youre out

Question 28

tenancy in common

Answer 28

2+ people who buy a property and DONT have survivorship