RE Unit 2 Glossary Flashcards
List two ways the government can acquire privately held land:
Eminent Domain
Escheat
The broad right of the government to place reasonable restrictions on the use of privately held land is known as ….
Police Power
A right of use or enjoyment which one person has in the lands of another for a specific purpose is an …
easement
A tenant’s right to possess real estate for the term of a lease is a …
leasehold estate
A tree limb that overhangs into a neighbor’s yard is an example of an …
encroachment
Private agreements that govern the use of land are …
deed restrictions
A claim that one person has against the property of another to secure payment of a debt is a …
lien
A person who has not been paid for work performed on real property may record a …
mechanics lien
A party wall or a shared driveway is an example of an easement …
Appurtenant
The right of an owner to occupy a parcel of real estate forever is a …
Fee Simple Absolute
The type of lien that takes priority over all others for property taxes is the …
government lien
As part of their right to govern land use, local municipalities enact and enforce …
zoning ordinances
A license is ___________________, while an easement is not.
Revocable
A freehold estate is an estate of ownership with a(n) …
indefinite duration
Leasehold estates are estates of possession with a(n) …
definite duration
Zoning laws are set at a…
Local Level
Deed restrictions are created as a form of ____________ over land use.
Private control
