Part 3 Flashcards
A right or interest in property is an
Estate
3-35
The degree, nature or extent of interest that a person has in land
Estate in Land
3-35
Any claim or liability that affects or limits the title to property is an
Encumbrance
3-41
All Liens are _____________, but
Not all _______________ are Liens
Encumbrances
3-41
The right to use another’s land for a stated purpose is an
Easement
3-42
An ___________ easement is an easement that is attached to, benefits and passes with the transfer of the dominant estate; runs with the land for the benefit of the dominant estate and continues to burden the servient estate
Appurtenant
3-42
An easement that benefits a legal person or entity and not a tract of land is an
Easement in gross
3-42
A Deed _________ is a provision written into a deed that limits the use of land. Usually remains in effect when title passes to subsequent owners
Deed Restriction
3-44
Longstanding encroachments can mature into an Easement by _____________
Prescription
3-44
A clause found in legal instruments and conveyances that creates a new right or interest on behalf of the grantor. May include mineral rights, rental income or easements
Reservation
3-45