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52 Cards in this Set
- Front
- Back
IN WHAT WAYS ARE ESTATES CREATED?
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ORIGINAL ENTRY
INVOLUNTARY TRANSFER VOLUNTARY TRANSFER DESCENT(DEATH) ADVERSE POSSESSION ACCRETION |
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THE TRANSFER OF ONE'S PROPERTY TO ANOTHER IS _____
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ALIENATION
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TWO WAYS OF INVOLUNTARY TRANSFER(SALE WITHOUT OWNER'S CONSENT)
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1. JUDICIAL SALE(OWES JUDGEMENT)
2. TAX SALE |
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VOLUNTARY TRANSFERS(ALIENATION) ARE BY:
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WILL OR DEDICATION
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_______ IS THE GRADUAL IMPERCEPTIBLE INCREASE OF LAND ON A SHORE OR BANK OF STREAM BY WATER THROUGH NATURAL CAUSES
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ACCRETION
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A FORM OF ACCRETION THAT IS THE ACCUMULATION OF LAND WHEN IT IS ADDED GRADUALLY AT THE SHORE OR BANK
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ALLUVION
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THE GRADUAL INCREASE IN LAND, DUE TO PERMANENT WITHDRAWAL OR RECEDING OF WATER
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RELICTION
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WHEN AN OWNER PUTS RESTRICTIONS ON HOW A LAND MAY OR MAY NOT BE USED IS CALLED A _____RESTRICTION
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DEED
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WHEN AN OWNER HAS THE RIGHT TO USE REAL PROPERTY OWNED BY ANOTHER BY A SPECIFIC REASON
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EASEMENT
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TWO TYPES OF EASEMENT ARE??
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1.EASEMENT APPURTENANT(LIMITATION WRITTEN INTO THE DEED)
2.EASEMENT IN GROSS(SUCH AS THE RIGHT TO CROSS OVER LAND TO GET TO A PONG) |
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____POSSESSION WHEN ONE ENTERS INTO ACTUAL PHYSICAL POSSESSION OF THE LAND AND REMAINS ON IT EXCLUSIVELY,HOSTILEY,OPENLY AND NOTORIOUSLY
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ADVERSE
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EASEMENTS ARE CREATED BY:
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DEED
NECESSITY(FORCE OF LAW) PRESCRIPTION (OPEN CONTINUOUS ADVERSE TRESPASS IMPLICATION |
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REASONS FOR TERMINATION OF EASEMENTS
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BY RELEASE,BY MERGER,BY EXPIRATION,PRESCRIPTION,ABANDONMENT,ESTOPPEL,LICENSE,PROFIT A PRENDRE,ENCROACHMENTS,NUISANCE
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TERMINATION OF EASEMENT BY _____ IS A LEGAL DOCTRINE WHICH BARS ONE'S ALLEGING OR DENYING A FACT
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ESTOPPEL
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TERMINATION BY _____IS WHEN THE SERVIENT TENANT HAS USED HIS LAND CONTINUOUSLY AND INTERRUPTEDLY FOR A PERIOD OF TIME
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PRESCRIPTION
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AN _______IS AN ILLEGAL INFRINGEMENT UPON THE PROPERTY OF ANOTHER
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ENCROACHMENT
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A_____IS AN UNWARRANTED UNREASONABLE OR UNLAWFUL ACTIVITY ON ONE'S PROPERTY THAT INTERFERES WITH THE NEIGHBOR'S ENJOYMENT OF PROPERTY
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NUISANCE
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A ____ _ ___ IS THE RIGHT TO TAKE SOMETHING FROM THE LAND OF ANOTHER (WATER, MINERALS,GAME)
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PROFIT A PRENDRE
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A _____ IS THE RIGHT GIVEN TO ANOTHER, BY THE PROPERTY OWNER,TO USE HIS LAND FOR A PARTICULAR PURPOSE
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LICENSE
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WHEN A NUISANCE BOTHERS ONE PERSON IT'S CALLED A ___NUISANCE, WHEN ITS MANY IT'S A ___NUISANCE
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PRIVATE
PUBLIC |
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WHEN SOMEONE DIES WITHOUT HEIRS THEIR PROPERTY GOES TO THE ___AND THIS IS CALLED WHAT?
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STATE
ESCHEAT |
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POLICE POWER PLACES LIMITATIONS ON CITIZENS BY;
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HEALTH AND SANITATION
ENVIRONMENT PROTECTION SUBDIVISION REGULATIONS BUILDING CODES PLANNING AND ZONING LAWS |
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_____IS SEEN AS A FUNCTION OF LOCAL GOVT TO SERVE AS THE BLUEPRINT FOR THE FUTURE
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PLANNING
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A _____ORDINANCE CONSISTS OF A MAP SHOWING THE LOCATION OF THE PROPERTY TO REGULATE USE OF LAND AREAS
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ZONING
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5 ZONING ORDINANCES ARE:
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1.NONCOMFORMING USE
2.VARIANCE(EXCEPTION) 3.SPOT ZONING 4.BUFFER ZONE(SEPERATES) 5.TAXATION OF REAL ESTATE |
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3 EXAMPLES OF GENERAL LIENS:
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FEDERAL TAX LIENS
STATE TAX LIENS DECEDENT'S DEBT LIEN |
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TWO TYPES OF LIENS BY CREDITORS:
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GENERAL
SPECIFIC |
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A______LIEN ATTACHES TO A PARTICULAR PIECE OF PROPERTY
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SPECIFIC
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A _____LIEN IS A LIEN BINDING THE SPECIFIC PROPERTY PLEDGED AS SECURITY FOR REPAYMENT OF A DEBT
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MORTGAGE
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SPECIFIC LIENS CONSIST OF 4 TYPES
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1.MORTGAGE
2.AD VOLOREM PROPERTY TAX LIEN 3.SPECIAL ASSESSMENTS 4.MECHANIC'S LIEN |
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__ _____ PROPERTY TAX LIEN ARE A FIRST LIEN AGAINST THE PROPERTY TAXED AND BECOME SO AUTOMATICALLY
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AD VOLOREM
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SPECIAL ASSESSMENTS ARE CHARGES MADE UPON SPECIFIC REAL PROPERTY THAT HAS BENEFITTED BY A LOCAL ______.
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IMPROVEMENT
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A LIEN ON PROPERTY BY SOMEONE WHO PERFORMS LABOR ON THE PROPERTY IS A ______LIEN.
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MECHANIC'S
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A _____IS THE COURT'S FINAL ORDER IN A LAWSUIT THAT THE DEFENDANT MUST PAY THE PLAINTIFF.
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JUDGEMENT
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SOIL THAT BUILDS UP AS A RESULT OF ACCRETION IS;
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ALLUVIUM
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THE SUDDEN WASHING OR TEARING OF LAND BY WATER IS_____.
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AVULSION
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SPECIFIC LIENS ARE AGAINST A _____PROPERTY
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SPECIFIC
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_____TAX ALWAYS TAKES THE PRIORITY LIEN REGARDLESS OF DATE OF RECORD
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PROPERTY
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A MECHANICS LIEN MUST BE FILED WITHIN ____ DAYS AFTER WORK IS COMPLETED
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180
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TO TRANSFER PROPERTY BY WILL IS TO _____THE PROPERTY
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DEVISE
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PRIVATE LAND USE CONTROLS ARE REFLECTED IN DEED AS A_____
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RESTRICTION
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A CERTIFICATE OF _____ENABLES YOU TO MOVE IN
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OCCUPANCY
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CERTIFICATE OF OCCUPANCY DOES WHAT 3 THINGS?
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1.INDICATES THERE ARE NO BUILDING VIOLATIONS
2.ISSUED BY GOVERNMENTAL AUTHORITY 3.ALLOWS THE PROPERTY TO CLOSE & BUYER TO OCCUPY |
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A _____ZONE IS A STRIP OF LAND (NORMALLY WITH TREES) THAT SEPERATES TWO POSSIBLY CONFLICTING LAND USES
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BUFFER
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WHAT IS THE RIGHT FOR GOVERNMENT TO SEIZE PROPERTY?
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EMINENT DOMAIN
(PUBLIC GOOD, RIGHT OF COMPENSATION, RIGHT TO APPEAL(FOR COMPENSATION ONLY).) |
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______ IS THE ACTUAL ACT OF THEM BULLDOZING AN EMINENT DOMAIN
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CONDEMNATION
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IF YOU HAVE NO WILL, NO HEIRS, AND YOUR PROPERTY RETURNS TO THE STATE, WHAT DOES THE GOVERNMENT DO TO YOUR PROPERTY?
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THEY ESCHEAT IT
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HOW DO YOU FIGURE CONVEYANCE TAX (DEED RECORDING FEE)?
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1.85 PER/500.00
ALWAYS ROUND TO THE NEXT DOLLAR |
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FORMULA FOR SC REAL PROPERTY TAX (SIX STEPS)
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1.TAX APPRAISED VALUE x 2.ASSESSMENT RATIO 4 OR 6%x 3. ASSESSED VALUE x MILLAGE RATE x 4. MILLAGE RATE x 5. TAX BILL. 5. SC TAXABLE YEAR
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OWNER OCCUPIED PROPERTY TAX IS __%. ALL OTHER PROPERTY IS ___%.
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4
6 |
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A ____ ____ IS A RECORDED DOCUMENT THAT GIVES CONSTRUCTIVE NOTICE OF PENDING ACTION
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LIS PENDENS
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CREDITOR LIMITATIONS ON INDIVIDUAL AND ALL HIS PROPERTY ARE _____LIMITATIONS
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GENERAL
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