Units 3 Encumbrances and Transfer of Ownership

Question 1

Easement in Gross

Answer 1

An easement that is not appurtenant to any one parcel.

Question 2

License

Answer 2

Permission to use a property which may be revoked at any time.

Question 3

Encroachment

Answer 3

The unauthorized placement of permanent improvements that intrude on adjacent property owned by another.

Question 4

Homestead

Answer 4

Status provided to a homeowner’s principal residence that protects the home against judgments up to specified amounts.

Question 5

Bequest

Answer 5

A gift of personal property by will.

Question 6

Intestate

Answer 6

Dying without leaving a will.

Question 7

Accession

Answer 7

Process by which there is an addition or reduction to property by the efforts natural forces.

Question 8

Accrestion

Answer 8

Gradual buildup of alluvium by natural causes on property bordering a river, lake, or ocean.

Question 9

Reliction

Answer 9

Occurs when land that has been covered by water is exposed by receding of the water.

Question 10

Dieviate

Answer 10

The act of transferring ownership, title, or interest.

Question 11

Grantee

Answer 11

The person receiving the property, or to whom it is being conveyed.

Question 12

Grantor

Answer 12

The person conveying or transferring the property.

Question 13

Instrument

Answer 13

A document in real estate.

Question 14

Quiet title auction

Answer 14

It is a court proceeding to clear a cloud on the title of real property.

Question 15

Lis pendens

Answer 15

Notice that indicates pending litigation affecting title on a property.

Question 16

Encumbrance

Answer 16

Anything that affects or limits the fee simple title to or value of property.

Question 17

The form of encumbrance that makes specific property the security for the payment of a debt or discharge of an obligation is called a :

Answer 17

lien

Question 18

A recorded abstract of judgment is classified as an ________ lien.

Answer 18

Involuntary.

Question 19

The personal, revocable, unassignable permission to use the property of another without a possessory interest in it is called a ______.

Answer 19

License

Question 20

Recording a ____ _________ creates a cloud on title and warns parties that they could be involved in a lawsuit if they purchase the property, which could affect marketability.

Answer 20

lis pendens

Question 21

Zoning ordinances are ______, not private restrictions.

Answer 21

Public

Question 22

The terms alienation, _____, and ______ are used interchangeably when transferring ownership of property from one person to another.

Answer 22

convey, and transfer

Question 23

_______ and ________ are required elements of a valid deed. The deed does not have to be acknowledged or __________

Answer 23

Delivery and acceptance; recorded.

Question 24

ingress and egress mean ______ and ______

Answer 24

to enter and to exit.