Quiz Ch. 31-36 Flashcards
The right of the government to take private property for public use is referred to as:
eminent domain
______ are interests in real estate which secure payment or performance of a debt or other monetary obligation, such as a trust deed lien or a local property tax lien.
Liens
The first component of real estate is land, which includes:
soil, rocks, and reasonable airspace above the earth.
The right to use water is called a:
riparian right.
Incidental rights to real estate which are not located on the real estate nor reflected on its title are called:
appurtenant rights.
A _______ lasts for a specific length of time as stated in a lease agreement entered into by a landlord and tenant.
fixed term tenancy
On expiration of a lease, a tenant who remains iin possession of a property without an agreement or acceptance of rent by the landlord for the extended occupancy becomes a:
holdover tenant.
Improvements that become part of the real estate include walls, central air conditioning and:
attached flooring.
On expiration of a lease, the passage of real estate fixtures from the tenant to a landlord is a conveyance called:
reversion.
California established the ________ to act as a referee for all disputes over water rights.
State Water Resources Control Board