Real Property Flashcards
Devise
to give or dispose of property, especially real property, by will
Defeasible Fee
when the rights of ownership are dependent upon the occurrence or non-occurrence of an event
Reversion
a future interest that is retained by the grantor after the conveyance of less than the entire estate
Ameliorative
to improve; to make or become better
Concurrent
ownership or possession by two or more persons simultaneously
Survivorship
the surviving joint tenant(s) automatically take the deceased tenant’s interest
Executory
not yet fully executed or performed
Vested
fully and unconditionally guaranteed as a legal right, benefit, or privilege
Habitability
suitable for residential use
Holdover tenant
a renter who remains in possession after expiration of the lease
Tacking
when one adverse possessor adds her possession to the prior adverse possessor’s to meet the statute of limitations
Color of Title
a claim to title based upon a written instrument that appears valid but is legally defective
Equitable Conversion
the buyer of land becomes the equitable owner before the delivery of the deed
Restitution
making payment to restore or return something to its original status
Bona Fide Purchase
an innocent party who purchases property without notice of any other party’s claim to title
Servient Estate
the property burdened by an easement imposed upon it in favor of another parcel
Dominant Estate
the property benefitted by an easement over another parcel
Run with the land
a real covenant that binds the successor; passes with the transfer of property
Touch and Concern
a real covenant that affects both the promisor and promisee as landowners
Unclean Hands
a defense in equity when a plaintiff has not acted in good faith
Laches
a plaintiff’s undue delay in pursuing a claim that causes prejudice to the defendant
Subjacent
support of the surface by the underlying land
