Law Vocab Flashcards
(37 cards)
Adverse possession
A right to acquire title by the possession of land.
Bargain and sale deed
An instrument that conveys the entire interest in the described property at the date
of the deed, which the deed purports to convey.”
CC&R’s
Covenants, Conditions, and Restrictions
CERCLA/SARA
the acronym for two federal organizations involved in environmental issues.
Condominium
A system of separate ownerships of individual units in a multi-unit building, or in a garden, or
subdivision style development.
Co-op apartments
Corporately owned by the apartment dwellers
Dominant
?
Easement appurtenant
An easement existing on parcel of land, serving or benefiting another parcel of land,
e.g. an easement for a private way, across the land of another, to be used as access to another wise landlocked parcel
of land.
Easement by necessity
An easement which is necessary to the enjoyment of the dominant estate, e.g. ingress
and egress to an otherwise land-locked parcel of land
Easement in gross
The rights given to a party to use the land of another and are not annexed to, or restricted by
other property, e.g. an easement for a telephone line
Embelements
A right in growing crops that one possesses when his estate in land is of uncertain duration
Encroacgment
?
Encumbrance
A burden or charge upon property
Environmental mitigation
Method used to reduce the sources of environmental hazards.
Environmental remediation
Process of remedying or curing a condition involving environmental hazards.
Fee simple absolute
The most complete ownership of land, one without any known limitations on the owner’s right to dispose
of the property as he or she chooses.
Fee simple defensible
The owner of the property holds a fee simple title contingent upon certain conditions.
Freehold estate
Any interest in real property, which is or may become possessory
Financial encumbrance
Financial claims attaching to a property that affects or may affect its value or hinder
its transfer.
General warranty deed
A deed in which the grantor fully warrants good clear title to the premises
Habendum clause
Part of a deed including “to have and to hold”.
LCDC
Land conservation and Development Commission
Less than freehold estate
Less than Freehold or lease-hold estates are non-ownership possessory interests in real property that can be measured in calendar time.
Lien priority
The order in which liens will be paid off out of the proceeds of a foreclosure sale.
