Chapter 5

Question 1

acceleration

Answer 1

right of a lender to
demand immediate
repayment of a loan balance
upon default

Question 2

The lender issued a notice of
__________, demanding
immediate payment of the
remaining balance after the
borrower defaulted on the
loan.

Answer 2

acceleration

Question 3

condition

Answer 3

requirement or restriction
attached to the ownership or
use of property, often
specified in a deed or
contract.

Question 4

A legally binding promise or
agreement related to the use,
maintenance, or
improvement of property.

Answer 4

covenant

Question 5

The homeowners’
association enforced the
______ requiring all
properties to maintain a
certain aesthetic standard.

Answer 5

covenant

Question 6

deed
restriction

Answer 6

A limitation on the use of
property, usually imposed by
a previous owner and
recorded in the property’s
deed.

Question 7

it refers to the
property benefiting from an
easement appurtenant or
other property rights.

Answer 7

dominant
estate

Question 8

The property owner benefited
from a right of way over the
neighboring land, making
their property the ____________

Answer 8

dominant
estate.

Question 9

dominant
tenement

Answer 9

property that benefits
from an easement
appurtenant by having the
right to use another property
(servient tenement) for a
specific purpose

Question 10

easement
appurtenant

Answer 10

the right to use someone
else’s property for a specific
purpose, which benefits
another adjacent property
(dominant tenement).

Question 11

The right-of-way granted to
access the lake was an
_____________ to the
neighboring property.

Answer 11

easement appurtenant

Question 12

A legal right of access
granted to a landlocked
property over another
property to ensure
reasonable use and
enjoyment

Answer 12

easement by
necessity

Question 13

The landlocked parcel gained
access to the main road
through an easement by _________

Answer 13

necessity

Question 14

easement by
prescription

Answer 14

An easement acquired
through continuous, open,
and hostile use of another’s
property without permission
for a statutory period.

Question 15

The neighbor gained legal
access to the river by using
the path across the property
for over twenty years,
establishing an ___________________

Answer 15

easement by
prescription.

Question 16

The government’s power to
take private property for
public use, with
compensation to the
property owner

Answer 16

eminent
domain

Question 17

easement in
gross

Answer 17

A personal right to use
someone else’s property for a
specific purpose, not tied to
ownership of any particular
parcel of land

Question 18

Unauthorized intrusion of a
structure or improvement
onto another person’s
property.

Answer 18

encroachment

Question 19

Legal process by which a
lender repossesses and sells
a property to recover unpaid
debt secured by a mortgage
or lien

Answer 19

foreclosure

Question 20

license

Answer 20

Permission to use someone
else’s property for a specific
purpose without transferring
any property interest

Question 21

lien

Answer 21

A legal claim against a
property as security for a
debt or obligation, typically to
secure payment of a debt.

Question 22

The order in which liens
against a property are paid
off in the event of
foreclosure or sale.

Answer 22

lien
priority

Question 23

lienee

Answer 23

The property owner subject
to a lien, obligated to satisfy
the debt or obligation
secured by the lien

Question 24

lienor

Answer 24

The party holding a lien
against a property, such as a
mortgage lender or judgment
creditor

Question 25

Notice of pending legal
action affecting title to a
property, often filed in
conjunction with a lawsuit

Answer 25

lis
pendens

Question 26

The right of a property owner
to reclaim ownership by
paying off debts or
obligations, typically before
foreclosure

Answer 26

redemption

Question 27

servient
tenement

Answer 27

the
property burdened by an
easement appurtenant,
which must allow the owner
of the dominant tenement to
use the property for a specific
purpose.

Question 28

The property burdened by an
easement was considered
the __________________ in the
arrangement.

Answer 28

servient tenement

Question 29

Sale of a property for less
than the outstanding
mortgage balance, with the
lender’s approval to avoid
foreclosure.

Answer 29

short
sale

Question 30

deed restriction

Answer 30

A limitation on the use of property, usually imposed by a previous owner and recorded in the property’s deed.

Question 30

subordination

Answer 30

The act of agreeing to place
one lien or mortgage behind
another in priority.

Question 31

The right to use someone else’s property for a specific purpose, which benefits another adjacent property (dominant tenement).

Answer 31

easement appurtenant

Question 32

easement by necessity

Answer 32

A legal right of access granted to a landlocked property over another property to ensure reasonable use and enjoyment.

Question 33

A personal right to use someone else’s property for a specific purpose, not tied to ownership of any particular parcel of land.

Answer 33

easement in gross

Question 34

eminent domain

Answer 34

The government’s power to take private property for public use, with compensation to the property owner.

Question 35

Unauthorized intrusion of a structure or improvement onto another person’s property.

Answer 35

encroachment

Question 36

foreclosure

Answer 36

Legal process by which a lender repossesses and sells a property to recover unpaid debt secured by a mortgage or lien.

Question 37

A legal claim against a property as security for a debt or obligation, typically to secure payment of a debt.

Answer 37

lien

Question 38

lis pendens

Answer 38

Notice of pending legal action affecting title to a property, often filed in conjunction with a lawsuit.

Question 39

The act of agreeing to place one lien or mortgage behind another in priority.

Answer 39

subordination