Flashcards in Ch 3 - Rights & Interest Deck (26)
A deed which conveys whatever interest
Or title the grantor may have in the property, if any; contains no covenants or warranties of title, either expressed or implied; the grantor does not purport to have title or possess any interest in the property to be conveyed
Quit claim deed
A necessity allowed by law
One who has the right to take an estate in remainder
Laws passed to enable state and local governments
The fall and free ownership of rights in the land
A doctrine used to prevent a right or claim because of delay or failure to assert the right or claim
Authorization for the sheriff to seize and sell enough of the debtors property to satisfy the judgment and to pay expenses of the sale
Writ of execution
A written notice that a lawsuit has been filed
Any claim, right, liability or restriction that limits a fee simple estate
rights usually given to utility companies and railroads
Deed restrictions or deed covenants that govern land use
What type of lien is always the first priority in liens?
A tax lien
Type of lien created by the property owner
Type of lien created by operation of law
Governments rights to regulate land use derives from...
True or false:
And individual’s estate in land is not determined by quantity
True - quantity is not a determining factor
A right that one party has to use another party’s land for a special purpose
What are some examples of police power?
- building codes
- fire codes
- health codes
- rent control
- environmental protection
- fair housing
- real estate licensing
What are the four categories of leasehold estates?
1. Estate for years
2. Periodic estate
3. Estate at will
4. Estate at sufferance
PYWS - periodic, years, will, sufferance
What are two classifications of community property?
Separate property and community property
What are the seven ways easements can be made?
What are the six ways easements can be ended?
End of necessity
Expiration of purpose
What are the types of liens?
Actual ownership of land for an unpredictable duration
The user of a property is not the owner and the length of the interest is of a definite duration