Vocab Flashcards

1
Q

Personal property

A

Moveable property

such as potted plants, furniture, cars, documents

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2
Q

Bill of sale

A

The proof of sale of an item transferred from one person to the next

Example: Walmart receipt

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3
Q

Real property

A

Everything that is attached to the land and the rights that accompany it

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4
Q

Erosion (Avulsion)

A

The tearing away of land due to natural causes

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5
Q

Accretion

A

The increase of land due to natural causes

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6
Q

Heterogeneity

A

No two parcels of land are the same because land is different from place to place

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7
Q

Appurtenance

A

The rights and improvements that are transferred with the land unless reserved or excepted

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8
Q

Emblements

Annual crops-fructus industrials

A

Are personal property

- the rights of a tenant farmer to harvest crops after the lease has expired

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9
Q

Riparian rights

A

Water rights next to a river or stream

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10
Q

Littoral rights

A

Water rights next to a lake or ocean

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11
Q

Fixture

A

An item which was once personal property but has been permanently attached to and has become real property

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12
Q

Conversion

A

The process of changing real property to personal property or personal property to real

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13
Q

Police power

A

Right to enact laws for health, safety and welfare of the public

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14
Q

Eminent domain

A

The right to take private property for public use with just compensation paid

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15
Q

Condemnation

A

The process of taking property through eminent domain

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16
Q

Taxation

A

Charge against property bear the cost of municipal functions

17
Q

Escheat

A

Reversion of property to the statue due to owner dying with out a will (intestate) and with no heirs

18
Q

Dedication

A

The transfer of privately owned land to the public without consideration with the intent that the land will be accepted and used for public purposes

19
Q

Deed

A

The written instrument by which a property owner as “grantor” conveys and transfers to a “grantee” an ownership (freehold) interest in real property

20
Q

Grantor

A

Gives a deed (typically seller)

21
Q

Grantee

A

Receives a deed( typically the buyer)

22
Q

Front footage

A

The dimension of a parcel along the street

23
Q

Zone

A

An area set off by municipal authorities for specific use ( residential commercial agricultural and industrial)