Unit 6: Estates and Interests Flashcards
Construction Lein
placed against real estate by a worker who has not been paid
Convey
transfer by sale or gift
Curtsey
husband’s rights in wife’s property
Dominant Estate
property that benefits from an easement
Dower
wife’s rights in husband’s property
Easement
permanent right to use another’s land
Easement Appurtenant
right that runs with the land
Easement by Necessity
right of access to a landlocked parcel
Easement by Prescription
right sometimes acquired through usage
Easement in Gross
right used for utility lines on another’s land
Encroachment
building intruding on another’s land
Encumbrance
any easement, encroachment, etc.
Estate in Land
amount of ownership
Fee Determinable
ownership “as long as”
Fee Simple
most complete ownership of land possible
Freehold Estate
ownership lasting indefinitely
General Lien
claim against all property someone owns
Involuntary Lien
property taxes are one
Leasehold Estate
right to use and possess for limited time
License
temporary permission
Lien
financial claim against real estate
Life Estate
complete ownership until someone’s death
Lis Pendens
notice that a lien may be filed
Mortgage Lien
lender’s claim against real estate
Party Wall
structure owned by two adjoining landowners
Priority
the order in which liens are paid
Remainderman
third party who will gain eventual ownership
Reversionary Interest
future interest of an owner
Servient Estate
the tract over which an easement runs
Specific Lien
claim against one parcel of real estate
Tracking
adding successive periods of usage
Voluntary Lien
mortgage or equity loan, for example
