Legal Aspects Flashcards

1
Q

Grant Deed

A

Special or limited warranty deed =>
Legal document used to transfer real estate between the previous owner ( grantor ) and the new owner Grantee.

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2
Q

life tenant

A

A person to whom a life estate conveys

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3
Q

Fee Simple qualified

A

An estate in which the holder has a fee simple title that is subject to return to the grantor if a specified condition occurs

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4
Q

Range

A

Public land survey system (PLSS) / land description, consist of strip of located every six miles each of east principal meridian.

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5
Q

Emblements

A

Annual crops produced for sale by a tenant using or occupying the property.

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6
Q

Arm’s Length Transaction

A

Which all parties acting in the own self-interests /unrelated, unaffiliated parties/ agrees to do business for their self-interests.

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7
Q

Alluvial Deposit

A

Sand or Mud carried by water and deposited in land .

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8
Q

Avulsion

A

The sudden washing or tearing a way of the land by action of water

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9
Q

Alienate

A

Transfer ownership or sell.

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10
Q

Chattel

A

An item of personal property which is connected to real estate. for example a lease

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11
Q

Acceptance

A

An unqualified agreement to the terms of an offer.

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12
Q

Ratified

A

approved

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13
Q

Patents

A

Deeds used by the US government when confirming or transferring ownership to private parties.

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14
Q

Vested

A

owned by

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15
Q

Linear foot

A

A measurement meaning , one foot or twelve inches in length as contrasted to a square foot or cubic foot

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16
Q

Accession

A

acquisition of the title to additional land or to improvement as a result of annexation of fixtures.

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17
Q

Abrogation

A

cancellation for any part of the same, which has not been met/fulfilled as of yet.

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18
Q

estoppel

A

prohibits someone from taking a position that is contrary to what they have previously stated.

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19
Q

patent DEED

A

Deed given by the government to a private individual as evidence of transfer of title from the government to the public person.

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20
Q

memorize these :

A

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

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21
Q

Lispendense

A

Pending litigation on the property that prevent the conveyance or any other transfer of the ownership.

22
Q

Section

A

1/36 of the township/ 640 acres/ land area of one square mile/ used in PLSS

23
Q

Appurtenance

A

Those rights that belong to and pass with the transfer of the real property but are not necessary a part of actual property. .

24
Q

Easement

A

a right of way

25
Q

Police power

A

The power of state to pass law within lawful limits => Safety Health Morals

26
Q

Parol Evidence

A

Oral or written negotiation made prior to a dispute about an executed contract.

27
Q

Easement in Gross

A

public utilities / An easement that is not Apportunant to any one parcel.

28
Q

Township

A

PLSS => 6 by 6 miles / 36 sections/ each one mile square

29
Q

Duress

A

The use of force to get agreement in accepting a contract.

30
Q

Meridian

A

north to south / used as a reference when mapping land

31
Q

Revoke

A

Recall and make void

32
Q

Baseline

A

use as a reference / running east to west

33
Q

undue influence

A

using unfair advantage to get agreement in accepting a contract.

34
Q

Ratification

A

the act of the buyer and seller accepting the offer, agreeing to all terms, and signing the now ratified contract.

35
Q

Estate in Fee

A

Free simple estate, freehold estate , fee, fee simple absolute. / estate of inheritance.

36
Q

Fee simple defeasible / Fee simple qualified

A

Holder has a fee simple title, subject to return to the grantor if a specified condition occurs .

37
Q

Land Grant

A

A grant of public lands by the government usually for roads , railroads, or agricultural colleges.

38
Q

conversion

A

The appropriation of the property belonging to another.

39
Q

Bill of Sale

A

Written Agreement used to transfer ownership in personal property.

40
Q

littoral

A

running water / land bordering lake , Ocean, Sea..

41
Q

Condition Precedent

A

Condition requires something happen before a transaction become absolute and enforceable.

42
Q

Condition Subsequent

A

A condition if ocurrs in the future , can cause the property to revert back to the grantor.

43
Q

Doctrine of Correlative user

A

owners may only use a reasonable amount of water supply for beneficial use.

44
Q

SALES contract = Purchase offer

A

primary document used to present an offer on real property.

45
Q

joint tenancy with right of survivorship will be created by

A

Deed or will

46
Q

Leased fee interest

A

Lessor interest

47
Q

leasehold interest

A

Lessee’s interest

48
Q

ostensible agency

A

implied agency

49
Q

Spot Survey

A

Best way to discover encroachment and verify the boundaries of the parcel of land .

50
Q

Mechanic lien tip

A

can only be placed on the property where the work was done.