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15 Cards in this Set
- Front
- Back
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Real Property
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"that which is immovable by law" ...Land, anything affixed to the land, Appurtenances
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Riparian rights:
Littoral rights: |
Moving water
Non moving water |
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Personal Property
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chattel, chose
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Fee Simple Estate
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Estate of inheritance, perpetual estate, estate in fee, fee estate
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Gross Lease
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Lessor pays expenses, lessee pays a fixed amount.
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Net Lease
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Lessee pays expenses (taxes,insurance and maintenance).
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Percentage Lease
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Lessee pays rent based on a percentage of gross receipts of the lessee's business.
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Creation of Lease
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L.A.N.D.
Length of time Amount of rent Names of parties Description of property |
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Encumbrances
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Burdens on property (liens, trust deeds, mortgages, taxes, judgment)also burdens (zoning, easement, deed restrictions)
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Easement
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the right to enter or use another person's land within definable limits.
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Encroachment
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A wrongful placement of an improvement on the property of another, a type of trespass.
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Subdivision Map Act
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grants cities and countries controle over the design.
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Subdivided Lands Act
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Designed to prevent fraud. Regulated by the Real Estate Commissioner (state).
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Escheat
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Person dies with no heirs, assests go to state.
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Quiet Title Action
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a court suit to perfect title, unually by removing a cloud on title.
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