Real Property Characteristics, Definitions, Ownership, Restrictions and Transfer Flashcards
(26 cards)
Spot Zoning
An illegal rezone that favors (or restricts) a particular property owner (or a small group of owners) without justification.
Tax Lien
A lien on real property to secure the payment of taxes.
Variance
A permit obtained from the local zoning authority allowing the holder to use the property or build a structure in a way that violates the zoning ordinance.
Easement by Necessity
A special kind of easement by implication that occurs when the dominant tenement would be completely useless without an easement, even if it is not a long-standing, apparent use.
Escheat
When property reverts to the state after someone dies without leaving a valid will and without heirs.
Encroachment
A physical property intruding onto neighboring property often due to a mistake regarding the boundry,
Subdivision Regulations
State and local laws that must be complied with before land can be subdivided.
Zoning Laws
Local ordinances dividing a city, county, etc. into zones, allowing different types of land use in different areas. (A government restriction via its police power.)
Deed Restriction
A restriction on real property use, imposed by a former owner; promise to do or not do an act relating to real property; usually owner’s promise to not use property in a particular way. May or may not run with land. Also called: Restrictive Covenant
Non-possessory Interest
An interest in property that does not include the right to possess and occupy the property; an encumbrance, such as a lien or an easement.
Eminent Domain
The government’s constitutional power to take (appropriate or condemn) private property for public use, as long as the owner is paid just compensation. (Government taking of private land is called condemnation.)
Latent Defect
A defect that is not visible or apparent; a hidden defect that would not be discovered in a reasonably thorough inspection of property.
Lis Pendens
A recorded notice stating that there is a lawsuit pending that may affect title to the defendant’s real estate.
Easement by Implication
An easement created by operation of law (not express grant or reservation) when land is divided, if there is a long-standing, apparent use that is reasonably necessary for enjoyment of the dominant tenement. Also called an implied easement.
Condemnation
- Taking private property for public use, through the government’s power of eminent domain. Also called appropriation. 2. A declaration that a structure is unfit for occupancy and must be closed or demolished.
Joint and several liability
Persons are individually held liable for damages along with the group
Covenant
- A contract. 2. A promise. 3. A guarantee (express or implied) in a document such as a deed or lease. 4. A restrictive covenant. (Typical covenants compel or prevent certain actions by the property owner or uses for the property.)
Easement by Prescription
An easement acquired by prescription. Also called a prescriptive easement.
General Lien
A lien against all property of a debtor, instead of a particular piece of property.
Easement by Express Reservation
An easement created in a deed when a landowner is dividing the property, transferring the servient tenement but retaining the dominant tenement.
Dominant Tenement
Property that receives the benefit of an appurtenant easement.
Building Code
Government regulations specifying minimum construction and building standards to safeguard the health, safety, and welfare of the public.
Encumbrance
A nonpossessory interest in property; a lien, easement, or restrictive covenant, burdening the property owner’s title.
Nonconforming Use
Property use that doesn’t conform to current zoning laws, but is allowed because the property was being used that way before the new zoning law was passed.