Legal Aspects Flashcards
Grant Deed
Special or limited warranty deed =>
Legal document used to transfer real estate between the previous owner ( grantor ) and the new owner Grantee.
life tenant
A person to whom a life estate conveys
Fee Simple qualified
An estate in which the holder has a fee simple title that is subject to return to the grantor if a specified condition occurs
Range
Public land survey system (PLSS) / land description, consist of strip of located every six miles each of east principal meridian.
Emblements
Annual crops produced for sale by a tenant using or occupying the property.
Arm’s Length Transaction
Which all parties acting in the own self-interests /unrelated, unaffiliated parties/ agrees to do business for their self-interests.
Alluvial Deposit
Sand or Mud carried by water and deposited in land .
Avulsion
The sudden washing or tearing a way of the land by action of water
Alienate
Transfer ownership or sell.
Chattel
An item of personal property which is connected to real estate. for example a lease
Acceptance
An unqualified agreement to the terms of an offer.
Ratified
approved
Patents
Deeds used by the US government when confirming or transferring ownership to private parties.
Vested
owned by
Linear foot
A measurement meaning , one foot or twelve inches in length as contrasted to a square foot or cubic foot
Accession
acquisition of the title to additional land or to improvement as a result of annexation of fixtures.
Abrogation
cancellation for any part of the same, which has not been met/fulfilled as of yet.
estoppel
prohibits someone from taking a position that is contrary to what they have previously stated.
patent DEED
Deed given by the government to a private individual as evidence of transfer of title from the government to the public person.
memorize these :
Accertion = Accert / Create
Erosion -= Erode
Alluvion = sounds like the name of a mineral which reminds me of a type of sediment
Reliction = Reveal (slowly reveals land hidden by water)
AVulsion = Violent