Principles 5 Flashcards

1
Q

Abstract of judgement

A

Document stipulating the outcome of a legal action, which can be filed in any county where the judgement debtor has property

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2
Q

Attachment

A

The process by which real or personal property of a party to a lawsuit is seized and retained in the custody of the court

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3
Q

Bankruptcy

A
  • A federal court proceeding in which the court takes possession of the assets of an insolvent debtor and sells the nonexempt assets to pay off creditors on a pro rata basis
  • title to the debtor’s assets is held by a trustee in bankruptcy
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4
Q

CC&Rs

A
  • Covenants, conditions, and restrictions
  • limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other property owners
  • May be referred to simply as restrictions
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5
Q

Cloud on the title

A

Any claim, condition, or encumbrance that impairs title to real property

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6
Q

Condition

A
  • A qualification of an estate granted that can be imposed only in a conveyance
  • it can be a condition precedent or a condition subsequent
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7
Q

Covenant

A

An agreement or a promise to do or not to do a particular act, usually imposed by deed

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8
Q

Deed restriction

A

Provision placed in a deed by the grantor that limits the property’s use or requires the grantee to fulfill requirements of subdivision covenants, conditions, and restrictions (CC&Rs)

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9
Q

Defendant

A

A person against whom legal action is initiated for the purpose of obtaining criminal sanctions (in a case involving violation of a penal statute)or damages or other appropriate judicial relief (in civil case)

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10
Q

Dominant tenement

A

Same as easement

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11
Q

Easement

A

The right to a specific use of or the right to travel over the land of another

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12
Q

Easement appurtenant

A

An easement right that is transferred along with title to the land that benefits from the easement.

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13
Q

Easement by condemnation

A

Taking of an easement right by a public entity

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14
Q

Easement by implication of law

A

An easement that will be created by law to provide access to a parcel of land that is otherwise landlocked

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15
Q

Easement by necessity

A

An easement right over the land of the grantor of adjacent property that would otherwise be landlocked

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16
Q

Easement by prescription

A

Acquiring a specific use of or the right to travel over the land of another by statutory requirements similar to those for adverse possession

17
Q

Easement in gross

A

An easement right with no accompanying property ownership right

18
Q

Encroachment

A

The unlawful intrusion of a property improvement onto adjacent property