Property Flashcards

1
Q

Easement

A

Non possesory interest in the use land of another or restrict the land of another (positive/negative)

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2
Q

Express easement

A

Easement between two parties in writing

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3
Q

Easement by necessity

A

Not in writing

Factually based on the necessity of one person to enter land of another because they’re landlocked. Terminates when it’s no longer necessary

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4
Q

Easement by prescription

A

Using land for the statutory period of time (20yrs in FL) in an open, notorious, adverse, and continuous manner then you have the right

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5
Q

Easement by implication

A

Implied from prior use

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6
Q

Duration of easements

A

Easements are generally enforceable forever unless it’s terminated

Express- time written when it ends
Necessity- when it’s not necessary
Implication- forever unless legally terminated

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7
Q

Termination of easement

A

Abandonment (no use/intent not to return)(no use alone is not enough)

Merger (parcels are combined)

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8
Q

Covenants

A

Always in writing

To do or not do something on land

Generally runs w the land even if it’s not on their deeds

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9
Q

When a covenant runs with the land

A

Intent to run with the land
Touches and concerns the land
Horizontal/vertical privity
Notice

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10
Q

Equitable servitude (remedy for covenant) (can also be money damages)

A

Injunction to stop someone from performing (enforce restrictive covenant)

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11
Q

Tenancies

A
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12
Q

Periodic Tenancy

A

Start date and then goes on successive periods of time (month to month//year to year). No termination date until notice is given

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13
Q

Notice to terminate

A

Month to month- No less than 15 days before end of the period

Year to year- 60 days

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14
Q

Tenancy for years

A

Beginning and end date.

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15
Q

At will tenancy

A

Goes on indefinitely and can be terminated by either roart

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16
Q

Tenancy at sufferance (holdover)

A

Tenant stays after the lease term. L can can charge double rent for that period holding over.

L can begin eviction proceedings

17
Q

Tenant duties

A

Pay rent
Not commit waste (permissive/ameliorative)

18
Q

Landlord duties

A

Deliver physical possession on first day of lease term

Quiet enjoyment (warranty)

Warranty of habitability (health and safety codes)—if breached then constructive eviction

In FL, if tenant does not pay L cannot self help

19
Q

Transfer of title

A

Real estate contract

Deed

20
Q

Equitable conversion

A

Once real estate contract is signed, buyer acquires equitable interest and risk of loss transfers to buyers

21
Q

Real estate contract

A

Writing- Party price terms
Marketable title
SOF

22
Q

Marketable title

A

Reasonably free from doubt

No encumbrances, liens, cloudiness of title, mortgages

23
Q

Deed

A

Warranty
Quitclaim

24
Q

Quitclaim

A

No promises on quality of title. Buyer beware (cannot sue)

25
Q

Warranty deed

A

6 warranties that guarantee quality of the title. 3 present 3 future

Present (breached on day of closing)
- warranty of seizin
- right to convey
- against encumbrances

Future
- quiet enjoyment
- warranty of warranty
- further assurances

26
Q

General warranty

A

Title is clear on my end but has been clear forever.

27
Q

Special warranty

A

Title is clear since I have owned the property.

28
Q

Valid deed

A

Writing

Identifiable grantees

Legal description of land

Fl, signed by grantor and two witnesses.

29
Q

Delivery of deed

A

Intent to transfer deed to grantee. Acceptance of deed is presumed unless evidence to contrary. On closing, real estate K merges with deed (cannot sue on K anymore)

30
Q

Mortgages

A

Purchase money mortgage always gets priority

Fl, lien theory state- bank only has a lien on prop, no title

31
Q

Recording statue (pure notice)

A

Fl, is pure notice, which protects last or subsequent BFP (someone who pays value, has no notice of earlier transactions) (not bfp if inheritance, will, adverse p)

32
Q

Recording

A

Once deed is recorded, following purchasers are not BFP cause deed has been recorded.

33
Q

Joint tenant

A

Right of survivorship

Can convert without consent while alive

34
Q

Tenancy in common

A

No right of survivorship (heirs get interest)

Can convey without consent

35
Q

Tenancy by entirety

A

Married people

FL, presumed married people are tenants by entirety

Right of survivorship
Spouse may not convey without consent (can’t mortgage)

36
Q

Duty to disclose (in conveyance)

A

If they knew or should have known about defect and it’s not obviously visible. NO active concealment (affirmatively doing something to hide defect)

37
Q

Remedies

A

Mistake
Concealment
Specific performance
Revcission
Misrepresentation

38
Q

Conveyance remedy- specific performance

A

Land is always unique.

39
Q

Conveyance remedy- recission

A

No meeting of minds because of