Chapter 2 Review Flashcards
What is the best definition of encumbrance?
Anything that affects or limits the fee-simple title to or value of property
The form of encumbrance that makes specific property the security for the payment of a debt or discharge of an obligation is called a:
Lien
Private restrictions on land can be created by deed:
Only
An owner of a parcel of real property gave a neighbor added conveying an easement for Ingres and egress. The easement was not specifically located the deed. Under the circumstances , the neighbors right to use the easement is:
Enforceable because the location of the easement des not need to be specified
Gary owns a ranch. Gary gave Sam , who owns no property, a non revocable right to cross is property to fish in a stream.Sam has a
Easement in gross
The personal, revocable , unassignable permission to use the property of another without a possessory interest in it is called
License
Alienation of title to real property most nearly means to:
Convey or transfer title and possession
A person who dies intestate:
Will have the estate administered and distributed by a court automatically
What term identifies a will written entirely in the handwriting of the testator?
Holographic will
Real property transferred under the provisions of will is called a:
Devise
A deed to transfer real property must be ____ to be binding on a buyer and a seller.
Delivered and accepted
The clause in a deed which sets forth the extent of the grantee so interest in the property is Calle the ____ clause.
Habendum
Effective delivery of a deed depends on:
Knowledge of the deeds existence by he grantee
Shut action is a quiet title action?
Court action to remove a cloud on title
A farm owned by Alex green was escheated to the state because:
Alex died intestate with no heirs
