Chapter 2 Flashcards
(20 cards)
A formal declaration to a public official (notary) by a person who has signed an instrument that states that the signing was voluntary
Acknowledgement
Those rights and improvements that belong to and pass with the transfer of real property but are not necessarily a part of the actual property
Appurtenance
An ownership concept that describes all the legal rights that attach to the ownership of real property
Bundle of rights
Interest owned by one person in the land of another person
Easement
A legal interest in land; defines the nature, degree, extent, and duration of a person’s ownership in land
Estate
Personal property affixed to leased property by the tenant for business purposes that may be removed by tenant upon termination of the lease
Trade fixtures
The rights of a landowner whose land is next to a natural watercourse to reasonable use of whatever water flows past the property
Riparian Rights
An estate in real property which continue for an indefinite period of time
Freehold estate
Annual crops produced for sale by tenant farmers
Emblements
Anything movable that is not real property
Personal property
Land bordering a lake, ocean, or sea
Littoral
Personal property that has become affixed to real estate
Fixture
Land, anything affixed to land, anything appurtenant to the land, anything immovable by law
real Property
Ownership of real property b one person or entity
Severalty
Personal property
Chattel
A leasehold estate; considered to exist for a definite period of time or successive periods of time until termination
less-than-freehold estate
An estate that is limited in duration to the life of its owner of the life of some other chosen person
Life estate
Evidence of land ownership
title
Notice given by recording a document or taking possession of the property
Constructive notice
The right to peace without aggravation by others
Quiet enjoyment
