Rights And Interests In Land

Question 1

Chattel

Answer 1

An article of personal property

Question 2

Easement

Answer 2

The right or privilege one party has to use land belonging to another for a special purpose not inconsistent with the owner’s use of the land

Question 3

Eminent domain

Answer 3

The right of government to take privately held land for public use, provided fair compensation is paid

Question 4

Encroachment

Answer 4

The unauthorized intrusion of a building or other improvement onto another person’s land

Question 5

Encumbrance

Answer 5

Any impediment to a clear title, such as a lien, lease, or easement

Question 6

Estate

Answer 6

One’s legal interest or rights in land

Question 7

Fee simple

Answer 7

The largest, most complete bundle of rights one can hold in land;land ownership

Question 8

Lien

Answer 8

A hold or claim one person has on the property of another to secure payment of a debt or other obligation

Question 9

Title

Answer 9

The right to or ownership of something; also the evidence of ownership, such as a deed or bill or sale