Chapter 3: Encumbrances & Transfer of Ownership Flashcards
Abandonment
The obvious and intentional surrender of the easement
Accession
Process by which there is an addition or reduction to property by the
efforts natural forces.
Accretion
An increase in actual land due to natural causes- for example, from the gradual action of the ocean or river waters.
Alienate
The act of transferring ownership, title, or interest.
Bequest
A gift of personal property by will.
Codicil
Changes in a will
Easement in gross
An easement that is not appurtenant to any one parcel.
encroachment
The unauthorized placement of permanent improvements that intrude on
adjacent property owned by another.
grantee
The person receiving the property, or to whom it is being conveyed.
grantor
The person conveying or transferring the property.
homestead
Status provided to a homeowner’s principal residence that protects the
home against judgments up to specified amounts.
instrument
A document in real estate.
intestate
Dying without leaving a will.
license
Permission to use a property which may be revoked at any time.
lis pendens
Notice that indicates PENDing LItigation affecting title on a property.