(Ch. 4) Vocab (Estates & Interest)

Question 1

Process to acquire new land add through accretion

Answer 1

Accession

Question 2

Gradual Growth

Answer 2

Accretion

Question 3

Rights to air space over land

Answer 3

Air Rights

Question 4

a gradual increase of land on a shore or a river bank by the action of water

Answer 4

Alluvion

Question 5

a right, privilege, or improvement belonging to and passing with a principal property

Answer 5

Appurtenances

Question 6

The sudden removal of soil by change in a river’s course or by a flood, from the land of one owner to that of another.

Answer 6

Avulsion

Question 7

a document transferring title in personal property from seller to buyer.

Answer 7

Bill of Sale

Question 8

a set of legal rights afforded to the real estate title holder. It can include the right of possession, the right of control, the right of exclusion, the right of enjoyment and the right of disposition.

Answer 8

Bundle of Rights

Question 9

a movable article of personal property.

Answer 9

Chattel

Question 10

a mortgage on household, movable, or other personal property.

Answer 10

Chattel Mortgage

Question 11

The act or process by which the government exercises the power of eminent domain

Answer 11

Condemnation

Question 12

Life Estates created by grant, by reservation or by will.

Answer 12

Conventional Life Estates

Question 13

capable of being annulled or terminated.

Answer 13

Defeasible

Question 14

to assign or transmit (property) by will.

Answer 14

Devise

Question 15

the products or profits of land that has been sown or planted.

Answer 15

Emblement

Question 16

the power of the state to take private property for public use with payment of compensation to the owner.

Answer 16

Eminent Domain

Question 17

the process by which the surface of the earth is worn away by the action of water, glaciers, winds, waves, etc.

Answer 17

Erosion

Question 18

the reverting of property to the state or some agency of the state, or, as in England, to the lord of the fee or to the crown, when there is a failure of persons legally qualified to inherit or to claim.

Answer 18

Escheat

Question 19

all the money and property that they leave behind when they die.

Answer 19

Estate

Question 20

an estate of inheritance in land, either absolute and without limitation to any particular class of heirs

Answer 20

Fee Simple

Question 21

a movable chattel, as a machine or heating plant, that, by reason of annexation to real property and adaptation to continuing use in connection with the realty, is considered a part of the realty.

Answer 21

Fixture

Question 22

right of title to land that is characterized by two essential elements: immobility, meaning that the property involved is either land or an interest that is attached to or has been derived from land, and indeterminate duration, which means there is no fixed duration of ownership.

Answer 22

Freehold Estate

Question 23

an interest in personal or real property, the possession and enjoyment of which is to commence at a later date.

Answer 23

Future Interest

Question 24

Police Power, Eminent Domain, Taxation, and Escheat

Answer 24

Government Limitations

Question 25

something done or added to real property that increases its value.

Answer 25

Improvements

Question 26

any part of the earth's surface that can be owned as property, and everything annexed to it, whether by nature or by the human hand.

Answer 26

Land

Question 27

an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property

Answer 27

Leasehold Estate

Question 28

real property that ends at death when ownership of the property may revert to the original owner, or it may pass to another person.

Answer 28

Legal Life Estates

Question 29

Leasehold Estate

Answer 29

Less Than Freehold

Question 30

ownership of land for the duration of a person's life.

Answer 30

Life Estate

Question 31

The owner of a life estate

Answer 31

Life Tenant

Question 32

sandy area by body of water

Answer 32

Littoral

Question 33

a large trailer that people live in and that usually remains in the same place, but which can be pulled to another place using a car or van.

Answer 33

Mobile Home

Question 34

deep and wide enough to provide passage to ships:

Answer 34

Navigable Waters

Question 35

estates are not inheritable and are said to exist without seisin. Seisin denotes ownership: an individual who is "seised" of an estate is the owner of the estate.

Answer 35

Non - Freehold

Question 36

an estate or property consisting of movable articles both corporeal, as furniture or jewelry, or incorporeal, as stocks or bonds

Answer 36

Personal Property

Question 37

The power vested in government to restrict, regulate and control (W/O compensation)

Answer 37

Police Power

Question 38

duration of a property interest. While it is similar to a life estate, it differs in that a person's life interest will last for the life of another person instead of their own.

Answer 38

Pur Autre Vie

Question 39

defeasible estate in fee that may come to an end (as for breach of a condition or on account of an executory limitation on a stated event)

Answer 39

Qualified Fee

Question 40

Land, and the rights that go with the land such as easements, rents and profits and all man-made things attached to the land

Answer 40

Real Estate

Question 41

Lease with beginning date, protected period, but no end date (Month To Month)

Answer 41

Period Tenancy

Question 42

Lease w/ a beginning and end date

Answer 42

Tenancy for years

Question 43

Water recedes gradually from an area and new land is exposed

Answer 43

Reliction

Question 44

a future interest so created as to take effect at the end of another estate, as when property is conveyed to one person for life and then to another.

Answer 44

Remainderman

Question 45

Lease that only has a beginning date

Answer 45

Tenancy at will

Question 46

an area of land that is kept separate for a particular group of people to live in.

Answer 46

Reservation

Question 47

a right, as fishing or use of water for irrigation or power,

Answer 47

Riparian Rights

Question 48

A document that provides a lender a security interest in a specified asset or property that is pledged as collateral. In the event that the borrower defaults, the pledged collateral can be seized and sold.

Answer 48

Security Agreement

Question 49

Articles Attached by the tenant to the building for use in conducting a trade or business (Personal Property)

Answer 49

Trade Fixtures

Question 50

a cause of action that can be brought in court to address a change in condition of real property brought about by a current tenant that damages or destroys the value of that property

Answer 50

Waste