Chapter 6 Estates and Interests Flashcards
right sometimes acquired through usage (Fence example) used for a period of 20 years
easement by prescription
any easement, encroachment, etc. (affect or limit use, value or tittle (Run with Land) )
Encumbrances
right to access to a landlocked (another’s property) parcel (entrance and exit to owner A property using the owners B land)
easement by necessity
amount of ownership in real property
estate in land
building intruding on another’s land (illegally extends beyond the land)
Encroachment
property that benefits from an easement
dominant estate
most complete ownership of land possible (entitles all; right, pass to heirs and no time limit)
fee simple
husband’s rights in wife’s property
curtesy
ownership lasting indefinitely (indeterminable length)
freehold state
placed against real estate by a worker who has not been paid
construction lien
ownership “as long as” (can terminate on the occurrence or nonoccurrence of a specified event and revert to remainders)
fee determinable
permanent right to use another’s land
Easement
right that runs with the land (access to beach walkway)
easement appurtenant
transfer by sale or gift
convey (transfer title to)
right used for utility lines on another’s land
easement in Gross
wife’s right in husband’s property
Dower
adding successive periods of usage
Tacking
the tract over which an easement runs (provided of the land)
servient estate
temporary permission to enter another’s land for a specific purpose and is not permanent
License
Claim against one parcel of real estate
Specific lien
the other in which liens are paid
Priority
right to use and possess for limited time
leasehold state
complete ownership until someone’s death (if reversionary interest is maintain, it reverts to the owner or heirs)
life estate
third party who will gain eventual ownership
Remainderman
financial claim against real estate
lien
lender’s claim against real estate
mortgage lien
property taxes are one
involuntary lien
mortgage or equity loans, for example are
voluntary lien
claim against all property someone owns
general lien
notice that a lien may be filed
lis pendens
structure owned by two adjoining landowners
party wall
future interest of an owner
reversionary interest
entitle to all income and profit and responsible for tax payment is
life tenant
real estate acquired after 05/28/80 that is not the marital home can be sold by one owner only
Joint possession
restricts future owners’ use of land
Deed Restrictions
