Chapter 5 Flashcards
Adverse Possession
The means of acquiring title to land against the real owner, where possession has been actual, open, hostile, exclusive, continuous, and under claim of right for the statutory period of 20 years.
Before and After Method
An appraisal method used in condemnation cases where there has been a partial taking of the property.
Condemnation
The process by which property of a private owner is taken for public use, with just compensation to the owner, under the right of eminent domain.
Covenant
An agreement written into deeds and other instruments which promises or guarantees that something shall or shall not be done; an agreement stipulating certain uses or non-uses of property.
Dedication
An appropriation of land by its owner for sone public use, and acceptance for such use by authorized public officials on behalf of the public. In certain cases five years of uninterrupted public use will be considered an acceptance.
No compensation.
Dominant Estate
An estate attached to the benefitting from the servient estate, e.g., an easements rinds over the servient estate and serves the dominant estate; also called dominant tenement.
Easement Appurtenant
An easement that is attached to and runs with the land, it cannot exist apart from the particular land to which it is attached.
Easement in Gross
An easement which encumbers the land, and is usually given to a quasi-public corporation, such as the electric or phone company.
Ejectment
A form of action to regain possession of real property, with damages for the unlawful retention; generally used when there is no landlord/tenant relationship.
Eminent Domain
The right of a government to take private property for public use upon the payment of just compensation.
Encroachment
A building or fixture that intrudes partly or wholly upon the property of another.
Encumbrance
A claim, lien, charge or liability attached to and bid i g upon real property that affects or limits the title or use thereof, e.g., mortgage, lien, easement.
Lateral Support
The support that the soil of an adjoining owner gives to his neighbors land.
License
A personal privilege to perform some act on the land of another.
Marketable Title
Title free and clear of objectionable liens or encumbrances; title which is free from reasonable doubts or defects, which can be readily sold or mortgaged.