MRE_Chapter7 Flashcards

1
Q

PETE

A

P-Police Power E-Eminent Domain T-Taxation E-Escheat

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2
Q

Police Power

A
  1. Enabling acts grant authority from the state to local governments to protect the public health and safety and general welfare. 2. Zoning ordinances, building codes, environmental protection laws, and other regulations (see Chapter 19 for details)
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3
Q

Eminent Domain

A

The right of the government to take privately owned real estate for public use; condemnation is the process by which this right is exercised.

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4
Q

Taxation

A

Taxation—a charge on real estate to raise funds to meet the costs of government operations

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5
Q

Escheat

A

provides that the ownership of real estate will revert to the state (or county) in which it is located when its former owner dies without a will (intestate) and has no heirs capable of being discovered by the state

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6
Q

Freehold estates

A

estates for an indeterminable period of time 1. Fee simple estate 2. Life estate

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7
Q

Fee Simple Estate

A

The highest type of interest in real estate recognized by law a. Fee simple absolute b. Fee Simple Defeasible 1.Fee simple Subject to a condition 2. Fee simple determinable

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8
Q

Life Estate

A

Limited to the duration of a lifetime, either that of the owner or of another designated person a. Pur Autre Vie b. Legal Life Estates

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9
Q

Pur Autre Vie

A

Created by the owner by deed or will for a life tenant for the life of a person other than the life tenant 1. Reminder Interest: The future interest in the fee ample estate for the remainderman (The person to whom the property will pass when the life estate ends)

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10
Q

Encumbrance

A

Claim, charge or liability that attaches to real estate and may be one of the following: 1. Liens 2.Covenants,Conditions and restrictions (CC&Rs)

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11
Q

Liens

A

Charges against property that provide security for a debt or obligations of the property owner

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12
Q

CC&R

A

Covenants, conditions and restrictions are private agreements that affect the use of land

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13
Q

Easements

A

Rights to use the land of another 1. Appurtenant easement 2. Easement in Gross 3. Easement by necessity 4. Easement by prescription

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14
Q

Appurtenant Easement

A

Is said ‘Run with the Land’ when title is transferred

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15
Q

Easement in Gross

A

Is an individual or company interest in or right to use another’s land

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16
Q

Easement by necessity

A

Arises when land has no access to a street to public way

17
Q

Easement by prescription

A

Is acquired when a claimant has used another’s land for 10 to 21 years. The use must be visible , open and notorious

18
Q

Termination of Easement

A
  1. When need no longer exists 2. When the owner of either the dominant or servient tenement becomes the sole owner 3. When the owner of servient tenement releases the right of easement 4. If the easement is abandoned 5. By the nonuse of prescriptive easement
19
Q

License

A

Personal privilege to enter the land of another for a specific purpose

20
Q

Encroachment

A

Occurs when all or part of a structure illegally intrudes on the land of another

21
Q

Water rights

A

Are determined by common law and statute: 1. Riparian Rights 2. Littoral Rights 3. The doctrine of prior appropriation

22
Q

Riparian Rights

A

Are common-law rights granted to owners of land along rivers, streams or similar bodies of water

23
Q

Littoral rights

A

Belongs to owners of land that borders commercially navigable lakes, seas and oceans

24
Q

Doctrine of prior appropriation

A

Some states provides that water use, aside from limited domestic use, is controlled by the state rather than lake owner adjacent to the water; To use the water the landowner must demonstrate beneficial use of the water such as irrigation of crops