Unit 6: Estates and Interests Flashcards

1
Q

Construction Lein

A

placed against real estate by a worker who has not been paid

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2
Q

Convey

A

transfer by sale or gift

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3
Q

Curtsey

A

husband’s rights in wife’s property

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4
Q

Dominant Estate

A

property that benefits from an easement

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5
Q

Dower

A

wife’s rights in husband’s property

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6
Q

Easement

A

permanent right to use another’s land

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7
Q

Easement Appurtenant

A

right that runs with the land

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8
Q

Easement by Necessity

A

right of access to a landlocked parcel

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9
Q

Easement by Prescription

A

right sometimes acquired through usage

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10
Q

Easement in Gross

A

right used for utility lines on another’s land

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11
Q

Encroachment

A

building intruding on another’s land

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12
Q

Encumbrance

A

any easement, encroachment, etc.

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13
Q

Estate in Land

A

amount of ownership

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14
Q

Fee Determinable

A

ownership “as long as”

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15
Q

Fee Simple

A

most complete ownership of land possible

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16
Q

Freehold Estate

A

ownership lasting indefinitely

17
Q

General Lien

A

claim against all property someone owns

18
Q

Involuntary Lien

A

property taxes are one

19
Q

Leasehold Estate

A

right to use and possess for limited time

20
Q

License

A

temporary permission

21
Q

Lien

A

financial claim against real estate

22
Q

Life Estate

A

complete ownership until someone’s death

23
Q

Lis Pendens

A

notice that a lien may be filed

24
Q

Mortgage Lien

A

lender’s claim against real estate

25
Q

Party Wall

A

structure owned by two adjoining landowners

26
Q

Priority

A

the order in which liens are paid

27
Q

Remainderman

A

third party who will gain eventual ownership

28
Q

Reversionary Interest

A

future interest of an owner

29
Q

Servient Estate

A

the tract over which an easement runs

30
Q

Specific Lien

A

claim against one parcel of real estate

31
Q

Tracking

A

adding successive periods of usage

32
Q

Voluntary Lien

A

mortgage or equity loan, for example