Terminology Ch 2 Flashcards
Air Rights
Rights in the airspace above the land
Alienation
Transfer of a title to Real Property
Appurtenance
All rights and privileges that go along with transfer of the title
Appurtenant Easement
Right of use of land of adjoining property that transfers with the title
Bundle of Rights
The rights of a owner of a free hold estate to possess, enjoy, control of real property
Condemnation
The exercise of eminent domain the taking of porperty for public use
Condominiam
The individual ownership of some aspects and co ownership of aspects of the property
Cooperative
Stock holders of a corporation that occupy the property owned by the corporation under a lease
Co Ownership
Title of a property that is held by two or more people
Curtesy
A husbands interest in property of his wife
Declaration of restrictions
Covenants of a property recorded in public
Defeasible Fee
A title that is subject to being lost if certain conditions occur
Dower
A wife’s interest in husbands property
Easements
A non posses right of adjoining property
Easements in gross
Use of land of another without the requirement that the holder of the right own adjoining land