Flashcards in Chapter 2 Deck (62)
Title of real property held by 2 or more ppl. @ the same time.
1. Tenancy in Common
2. Tenancy by the Entity
3. Joint Tenancy
4. Concurrent Ownership
Right of surviving co-owner to receive deceased co-owners title of property w/o going through probate.
It is immediate.
1. Occupy 1 or more units
2. for 5 non consecutive periods
3. Over at least 5 years
Freehold or Leasehold
A method of acquiring an easements by continuous & un interrupted use w/o permission
A common wall used by two adjoining striations
ex: Townhome adjoining wall
Legal proceeding dividing property of co-owners that each hold title to a specific portion of the property.
A non freehold/leasehold estate in the area below the surface of the land
Marital Life Estates
Created by right of:
3. Statutory Substitute
IS = is
Pendens = pending
One holding a life estate
A freehold estate created for the duration of the life of certain name person(s)
A Non-inheritable estate
Chain one person has against the property of another for an unpaid debt.
Right of a lift tenant or lessee to cut timber on property for fuel or to use in making repairs to the property.
Owners right to possession of Real Property
Attached to & binding upon real property
A trespass on the land of another as a result of an intrusion by some structure or object.
Ex: your shed on your neighbors property
The power of government to take private property for use.
Easement in Gross
The legal right to use another person's land for as long as the owner owns that land or the holder of the easement dies.
A nonpossessory right of use in the land of another.
The right of way which one landowner A may enjoy over the land of another B.
Common law right of a wife to the estate and property of her deceased husband.
A title that is subject of being lost if certain conditions occur.
Declaration of Restrictions
Instrument used to record restrictive covenants on public record.
Common law right of a husband to the estate and property of his deceased wife.
Form of ownership through stock
Stockholder in a corporation occupy property owned by the corporation under a lease.
Individual ownership of unit + Co-ownership of common areas
Exercise of power of eminent domain
Taking private property for public use by paying just and fair compensation
Transfer of title to Real Property
Right to have your land supported from below
Ex: California homes on a hill or Todt hill homes
Personal property that becomes Real Property by attachment
Ex: Buying tress from a nursery (personal property) and planting them (real property)