Concepts Of Property Flashcards
1
Q
Bundle of Legal Rights (PUEED)
A
Right of Possession Right of Use Right of Quiet Enjoyment Right of Exclusion Right of Disposition
2
Q
Right of Possession
A
Your right to possess the property
3
Q
Right of Use
A
Using the property in any way you want that obeys the law
4
Q
Quiet Enjoyment
A
Right to enjoy the property free of title defects
5
Q
Right of Exclusion
A
I have control
6
Q
Right of Disposition
A
I have the right to sell or exchange.
7
Q
Hypothecation
A
A pledge of Exchanging my property for a loan.
8
Q
Personalty
A
Personal property
9
Q
Fixture
A
Anything that is attached to the property
Cabinets
Furnace
10
Q
Land (real estate)
A
Real property
11
Q
Chattel
A
Personal property
12
Q
Emblements
A
Something that can be severed
13
Q
Annexation
A
Personal property becoming real property
14
Q
Improvements
A
Anything That has been built on real property
15
Q
Easement
A
The right to use or access another property
