Chapter 6: Estates and Interests Flashcards
claim placed against property by a worker who has not been paid
construction lien
to transfer ownership by sale or gift
convey
husband’s rights in wife’s property
curtesy
a property that includes in its ownership the right to use an easement over another persons property for a specific reason
dominant estate
wife’s right in husbands property
dower
a right to use the land of another for a specific purpose, as for a right-of-way or utilities; an incorporeal interest in land
easement
an easement that passes with the land when conveyed
easement appurtenant
an easement allowed by the law as necessary for he full enjoyment of a parcel of real estate; for example, a right of ingress and egress over a grantor’s land
easement by necessity
an easement acquired by continuous open, uninterrupted, exclusive, and adverse use of the property for the period of time prescribed by the state law
easement by prescription
an easement that is not created for the benefit of any land owned by the owner of the easement but that attaches personally to the easement owner
easement in gross
the extension of an improvement beyond the land of the owner, illegally intruding on land of an adjoining owner
encroachment
any claim by another - such as a mortgage, tax, or judgement lien, an easement, encroachment, or a deed restriction of the use of the land - that may diminish the value of a property
encumbrance
amount of ownership
estate in land
ownership “as long as”
fee determinable
the maximum possible estate or right of ownership of real property , continuing forever,
fee simple (sometimes, called a fee or fee simple absolute)
an estate in land in which ownership is for an indeterminable length of time
freehold estate
financial claim placed against all property owned by the debtor
general lien
a lien imposed against property without consent of the owners; eg: taxes, special assessments
involuntary lien
a tenant’s right to occupy real estate during the term of the lease; generally considered to be personal property
leasehold estate
- a privilege or right granted to a person by a state to operate as a real estate broker or salesperson 2. the revocable permission for a temporary use of land
license
a right given by law to certain creditors to have their debt paid out of the property of a defaulting debtor, usually by means of a court sale
lien
an interest in real or personal property that is limited in duration of the lifetime of its owner or come other designated person
life estate
a recorded legal document giving constructive notice that court action affecting a particular property is pending
lis pendens
lender’s claim against specific parcel of real estate pledged as security for a debt
mortgage lien
a building wall that is located on or at a boundary line between two adjoining parcels of land and is used by the owners of both properties
party wall
the order in which liens are paid
priority
the person who is to receive the property after the death of a life tenant
remainderman
an owners right to regain possession of leased property upon termination of the lease agreement
reversionary interest
land on which an easement exists in favor of an adjacent property (called a dominant estate);
serviant estate (serviant tenement)
adding or combining successive periods of continuous occupation of real property by several different adverse possessors
tacking
financial claim placed against property by the owner
voluntary lien
