Real Estate Principles Ch 3 Flashcards
An easement that is not appurtenant to any one parcel
easement in gross
Permission to use property which may be revoked at any time
license
The unauthorized placement of permanent improvements that intrude on the adjacent property by another
encroachment
status provided to a homeowner’s principal residence that protects the home against judgments up to specified amounts
Homestead
a gift of personal property by will
Bequest
Dying without leaving a will
Intestate
Process by which there is an addition or reduction to property by the efforts natural forces
accession
gradual building of alluvium by natural causes on property bordering a river, lake or ocean
Accretion
Occurs when land that has been covered by water is exposed by receding of the water
Reliction
The act of transferring ownership, title or interest
Alienate
The person receiving the property or to whom it is being conveyed
Grantee
The person conveying or transferring the property
Grantor
A formal legal document in real estate
Instrument
It is a court proceeding to clear a cloud on the title of real property
Quiet Title Action
Notice that indicated pending litigation affecting title on a property
Lis Pendens
