Ch41 Resources Flashcards
Addition to land by gradual water deposits
Accretion
Acquiring title to land by occupying it for fixed period
Adverse Possession
One’s apparent title
Color of Title
Property acquired during marriage owned separately and equally by both spouses
Community Property
An interest in land for nonexclusive or intermittent use
Easement
Interest in property
Estate
Largest, most complete right in property
Fee Simple Estate
Personal property so securely attached to real estate that it becomes part of the real estate.
Fixture
Multiple ownership in which, at death of one, that share passes to remaining owners
Joint Tenancy
Right to do certain acts on land
License
Estate for duration of a person’s life
Life Estate
Person owning property for a lifetime
Life Tenant
Suit to divide joint tenancy
Partition
Land and permanent attachments to land
Real Property
Interest in life estate that goes to someone other than grantor on death of life tenant
Remainder
Interest of grantor in life estate that returns to grantor on death of life tenant
Reversion
Automatic ownership of property by survivors
Right of Survivorship
Co–ownership by husband and wife with right of survivorship
Tenancy by the Entirety
Multiple ownership in which, at death, one owner’s share passes as will directs or to heirs.
Tenancy in Common
- In the legal sense, vegetation is considered real property only.
False
- In most states where navigable rivers form the boundary, the owner of the adjoining land owns the land only to the low-water mark.
True
- All perennials growing on land are a part of the land until they are removed.
True
- Co-ownership by husband and wife with rights of survivorship is called tenancy by the union.
False
- Community property is property acquired during a marriage that is owned separately and equally by both spouses.
True