N1 Real Property Characteristics,Legal Descriptions And Property Use (9)

Question 1

____________ consist of land, improvements attached to the land, benefits, right, and ownership interest that go with the land.

Answer 1

Real Property

Question 2

The term _______ is often used to describe the rights, privileges or improvements that belong to and pass with the land.

Answer 2

Appurtunence

Question 3

__________ are man’s additions to the land such as buildings and landscaping.

Answer 3

Improvements

Question 4

_________ is a right or interest in something of a temporary or movable nature and includes anything that’s classed as real property and is often called chattel or personality.

Answer 4

Personal property

Question 5

Ownership is transferred by a __________.

Answer 5

Bill of Sale

Question 6

Tests of a _________ include method of attachment, adaptation to the property (custom built as opposed to stock items), and the intention of the parties attaching the fixture

Answer 6

Fixture

Question 7

The process of attaching may also be called _________.

Answer 7

Annexation

Question 8

The process of real property becoming personal will be described by the term ______ or ______.

Answer 8

Severed or severance

Question 9

_______________ are fixtures installed by a tenant in order to carry out a business, and they may be removed from leased property prior to the termination of the lease. If not, they become real property and pass to the landlord.

Answer 9

Trade fixtures

Question 10

___________ are fixtures installed by a tenant in order to carry out a business, and they may be removed from leased property prior to the termination of the lease.

Answer 10

Trade Fixtures

Question 11

________ are crops cultivated annually and are considered personal property of the farmer who cultivated them.

Answer 11

Emblements

Question 12

The three physical characteristics of land are:

Hint: NII

Answer 12

Nonhomogenuity
Immobility
Indestructibility

Question 13

The physical characteristic of land that states that a no two pieces of land are exactly alike where each piece of land is unique is called _________.

Answer 13

Nonhomogenuity

Question 14

The physical characteristic of land that states that land cannot be moved - a person must go to the land is called _________.

Answer 14

Immobility

Question 15

The physical characteristic of land that states it will always be there and speaks to its durability is called ______.

Answer 15

Indestructibility

Question 16

The four economic characteristics of land are:

Hint: SMFS

Answer 16

Scarcity
Modification
Fixity
Situs

Question 17

The economic characteristic stating that land is in short supply where demand is great is called ______________

Answer 17

Scarcity

Question 18

The economic characteristic of land stating that land use and value are greatly influenced by improvements made by man to land and to surrounding parcels of land is called ________.

Answer 18

Modification

Question 19

The economic characteristic of land describing land and buildings and other improvements to the land being considered fixed or permanent investments and not liquid assets is called ________

Answer 19

Fixity

Question 20

The economic characteristic of land describing location preference, or location from an economic rather than geographic standpoint which may change over time as people change is called _______.

Answer 20

Situs

Question 21

The three types of legal and descriptions are:

Answer 21

Metes and bounds
Lot,block and subdivision
The Rectangular Survey System

Question 22

The legal description uses terminal points and angles and always has a point of beginning and uses compass directions degrees in minutes is called __________.

Answer 22

Metes and bounds

Question 23

This legal description that uses residential listing agreements derived from recorded map called a plat is called ________.

Answer 23

Lot, block and subdivision

Question 24

This legal description also known as a government survey system taking into consideration baselines, and meridians, townships and sections is called _________.

Answer 24

The Rectangular Survey System

Question 25

One Township contains ___ sections

Answer 25

36

Question 26

One section contains ____ acres

Answer 26

640

Question 27

1 acre contains ________ square feet

Answer 27

43,560

Question 28

The power given to a municipality to regulate and control the character and use of property for the health, safety and general welfare of the public is _________

Answer 28

Police Power

Question 29

__________ is the most common example of police power

Answer 29

Zoning

Question 30

A change in zoning may result in _________ which was permissible under former rules but new rules prohibit it

Answer 30

Nonconforming use

Question 31

If your property violates zoning, you may request a ______ .

Answer 31

Variance

Question 32

A _________ is an area of land separating one land use from another, such as residential from commercial. It is located between incompatible uses.

Answer 32

Buffer zone

Question 33

_________ provides the government with the right to establish building codes.

Answer 33

Police power

Question 34

__________ is the right of the government to take private property for public use through the action of condemnation. This is the only time the government must compensate property owners.

Answer 34

Eminent Domain

Question 35

When an individual forces the government to buy his or her property, this is called _______.

Answer 35

Inverse condemnation

Question 36

________ are the highest priority lien on real property

Answer 36

Property taxes

Question 37

Property taxes are _____ or according to value.

Answer 37

Ad valorem

Question 38

The term when property reverts to the state when someone dies leaving no will and no heirs or kindred is called ___________.

Answer 38

Escheat

Question 39

The purpose of ______ is to ensure that no land remains unowned

Answer 39

Escheat

Question 40

The most common private controls of land use are _________?

Answer 40

CC&R’s - deed covenants, conditions and restrictions

Question 41

________ are imposed to control land-use, development in methods and materials for construction.

Answer 41

Deed restrictions

Question 42

The court will issue an ________ to enforce restrictions

Answer 42

Injunction

Question 43

In the case where deed restrictions and zoning both exist which ever is ________ must be obeyed

Answer 43

Most restrictive or limiting

Question 44

An ______ is a limit on a property, or a limit on a property owners rights that may or may not also be a cloud on the title.

Answer 44

Encumbrance

Question 45

A __________ is imposed by the grantor WITHOLDING title to a PART of the land described in the deed. An example would be mineral rights.

Answer 45

Reservation

Question 46

When a structure or improvement overlaps or trespasses onto another’s property, it is called an _____________.

Answer 46

Encroachment

Question 47

An _______ allows limited use or enjoyment of another’s land. It is a right in land and should be created in writing and recorded.

Answer 47

Easement

Question 48

Easements can be created by ________ and ________ and grant agreement, reservation, limitation or prescription, necessity or condemnation.

Answer 48

Express (written or verbal) Implied (by actions or evidence)

Question 49

The government will take an easement by _________ for itself, the utilities or the railroads.

Answer 49

Condemnation

Question 50

If you have two parcels of land with a road across one parcel, the owner who crosses over the other’s land is __________.

Answer 50

Dominant

Question 51

An _________ belongs to a person or corporation. An example would be a utility easement.

Answer 51

Easement in gross

Question 52

A ________ is a permission to do a particular act upon the land or property of another.

Answer 52

License

Question 53

__________ occurs when the PROPERTY is ACQUIRED from the RIGHTFUL owner through the STATUTE of limitations.

Answer 53

Adverse possession (squatters rights)

Question 54

_________ is a record of notice filed against a specific property, meaning that some form of lawsuit has been filed, but not yet resolved in court.

Answer 54

Lis pendens

Question 55

Another name for personal property is _________ or __________

Answer 55

Chattel or personalty

Question 56

When personal property is included in a sale, an ___________ may be attached to the contract to describe the details of the transaction

Answer 56

Addendum

Question 57

A __________ is created and determined by a surveyor

Answer 57

Legal description

Question 58

A ________ can be GRRANTED by a zoning committee or a deed restrictions (HOA)

Answer 58

Conditional use or special use

Question 59

A ________ allows for a higher population density with houses clustered together, leaving more green area open for parks and recreation

Answer 59

PUD (Planned Unit Development) zone

Question 60

The space between wetlands and construction is another example of ___________

Answer 60

Buffer zone

Question 61

_______ taxes create an automatic lien on property

Answer 61

Unpaid

Question 62

At foreclosure, unpaid taxes are always paid ______.

Answer 62

First

Question 63

Property reverts to the ______ when someone dies leaving no will and no heirs or kindred.

Answer 63

State

Question 64

_________, _________, and _________ are all examples of encumbrances

Answer 64

Reservations, encroachments, and easements

Question 65

An easement is use with/without permission

Answer 65

Without

Question 66

________________ which may or may not be installed, are also considered real property, such as stoves, pool equipment, etc.

Answer 66

Accessories

Question 67

A legal description is created and determined by a _____________

Answer 67

Surveyor

Question 68

_____________ acres is equal to 1 square mile

Answer 68

640

Question 69

A non-conforming use is allowed to continue as it is considered _______________

Answer 69

Grandfathered

Question 70

A ____________ is the space between the lot line and the building line.

Answer 70

Setback

Question 71

A __________ or special use can be granted by a zoning committee or deed restrictions (HOA), benefiting the neighborhood , like a school within a residential subdivision

Answer 71

Conditional

Question 72

When an encroachment exist on a listed property, what are the roles of the agents involved?

Answer 72

The listing agent discloses the encroachment, and the buyers agent recommends a survey