Chapter 6: Estates and Interests

Question 1

claim placed against property by a worker who has not been paid

Answer 1

construction lien

Question 2

to transfer ownership by sale or gift

Answer 2

convey

Question 3

husband’s rights in wife’s property

Answer 3

curtesy

Question 4

a property that includes in its ownership the right to use an easement over another persons property for a specific reason

Answer 4

dominant estate

Question 5

wife’s right in husbands property

Answer 5

dower

Question 6

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

Answer 6

easement

Question 7

an easement that passes with the land when conveyed

Answer 7

easement appurtenant

Question 8

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

Answer 8

easement by necessity

Question 9

an easement acquired by continuous open, uninterrupted, exclusive, and adverse use of the property for the period of time prescribed by the state law

Answer 9

easement by prescription

Question 10

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

Answer 10

easement in gross

Question 11

the extension of an improvement beyond the land of the owner, illegally intruding on land of an adjoining owner

Answer 11

encroachment

Question 12

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

Answer 12

encumbrance

Question 13

amount of ownership

Answer 13

estate in land

Question 14

ownership “as long as”

Answer 14

fee determinable

Question 15

the maximum possible estate or right of ownership of real property , continuing forever,

Answer 15

fee simple (sometimes, called a fee or fee simple absolute)

Question 16

an estate in land in which ownership is for an indeterminable length of time

Answer 16

freehold estate

Question 17

financial claim placed against all property owned by the debtor

Answer 17

general lien

Question 18

a lien imposed against property without consent of the owners; eg: taxes, special assessments

Answer 18

involuntary lien

Question 19

a tenant’s right to occupy real estate during the term of the lease; generally considered to be personal property

Answer 19

leasehold estate

Question 20

1. 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

Answer 20

license

Question 21

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

Answer 21

lien

Question 22

an interest in real or personal property that is limited in duration of the lifetime of its owner or come other designated person

Answer 22

life estate

Question 23

a recorded legal document giving constructive notice that court action affecting a particular property is pending

Answer 23

lis pendens

Question 24

lender’s claim against specific parcel of real estate pledged as security for a debt

Answer 24

mortgage lien

Question 25

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

Answer 25

party wall

Question 26

the order in which liens are paid

Answer 26

priority

Question 27

the person who is to receive the property after the death of a life tenant

Answer 27

remainderman

Question 28

an owners right to regain possession of leased property upon termination of the lease agreement

Answer 28

reversionary interest

Question 29

land on which an easement exists in favor of an adjacent property (called a dominant estate);

Answer 29

serviant estate (serviant tenement)

Question 30

adding or combining successive periods of continuous occupation of real property by several different adverse possessors

Answer 30

tacking

Question 31

financial claim placed against property by the owner

Answer 31

voluntary lien