Term
|
Definition
| the right of an owner of property to an increase in that property |
|
|
Term
|
Definition
| when the land of another private person is adversely and exclusively possessed in an open and notorious way |
|
|
Term
|
Definition
| a tenant’s transfer of the remaining time on a lease |
|
|
Term
|
Definition
| the party who accepts temporary possession and control of another person’s property for a specified purpose |
|
|
Term
|
Definition
| when a bailee entitled to payment retains possession until paid |
|
|
Term
|
Definition
| the transfer of possession without the transfer of ownership |
|
|
Term
|
Definition
| the party who temporarily gives up possession of the property |
|
|
Term
|
Definition
| a party that agrees, for a fee, to transport goods for anyone who applies, provided the goods are lawful and fit for shipment |
|
|
Term
|
Definition
| if landlord fails to perform duties and tenant refuses to pay rent and abandons premise due to the breach of contract |
|
|
Term
|
Definition
| traction in which real estate is transferred from grantor to grantee by deed |
|
|
Term
|
Definition
| the description in a lease of the rights and duties of the landlord and tenant |
|
|
Term
|
Definition
| the formal written document used to transfer legal ownership of real property |
|
|
Term
|
Definition
| irrevocable rights to the limited use of another’s land |
|
|
Term
|
Definition
| the power of the government to take private property for public use in exchange for the fair market price |
|
|
Term
|
Definition
| the difference between the fair market \value of the property and the debt in the property |
|
|
Term
|
Definition
| the depositing of money, legal documents, and instructions with a third party to be held until the conditions of a contract are fulfilled |
|
|
Term
|
Definition
| the neutral third party who conducts the closing in real property sales |
|
|
Term
|
Definition
| the owner of a property blocks a tenant from possession of all the real property |
|
|
Term
|
Definition
| items of personal property that are attached or annexed to real property |
|
|
Term
|
Definition
| the action by a mortgage holder to seize the mortgage property in payment of a debt |
|
|
Term
|
Definition
| the one to whom a deed is given |
|
|
Term
|
Definition
| the individual who conveys the ownership rights of real property |
|
|
Term
|
Definition
| a bailment in which only one of the parties benefits |
|
|
Term
|
Definition
| the person conveying temporary possession of realty in a lease |
|
|
Term
|
Definition
| an agreement in which one party receives temporary possession of another’s real property in exchange for rent |
|
|
Term
|
Definition
| property that is intentionally placed somewhere, but then forgotten |
|
|
Term
|
Definition
| property which the owner unknowingly leaves somewhere or accidentally drop |
|
|
Term
|
Definition
|
|
Term
| Mutual benefit bailment - |
|
Definition
| a bailment in which consideration is given and received by both the bailorand bailee |
|
|
Term
|
Definition
| ordinances enacted by communities to regulate the use of a property owner’s land when the use has an objectionable effect on other people |
|
|
Term
|
Definition
| something that is either moveable or intangible and the right to use such things |
|
|
Term
|
Definition
| the government’s right to regulate the use of real property for the public welfare, morals and health |
|
|
Term
|
Definition
| a thing, real or personal, tangible or intangible, that is subject to ownership and a group of related legal rights |
|
|
Term
|
Definition
| transfers only whatever interest the grantor has in the property and does not warrant that the grantor has any interest |
|
|
Term
|
Definition
| land building, and those things permanently affixed to them |
|
|
Term
|
Definition
| the consideration given in return for temporary possession of another’s real property |
|
|
Term
|
Definition
| a promise, usually made in writing, by the buyer to the seller that limits the use of land in some way |
|
|
Term
|
Definition
| a landlord’s requirement of payment in advance of occupancy that is held to pay for any future unpaid rents or property damage caused by the tenant |
|
|
Term
|
Definition
| when the tenant of a property leases all of the property to a third person for a period of time that is less than that remaining on the lease, or leases part of the property to a third person for part or all of the terms remaining on the lease |
|
|
Term
|
Definition
| the person receiving temporary possession of realty in a lease |
|
|
Term
|
Definition
| the right of ownership to goods |
|
|
Term
|
Definition
| party who wrongfully retains the lost or stolen property of another, includes using bailed property for unauthorized purpose or refusing to return property |
|
|
Term
|
Definition
| a deed that expressly warrants that the title is clear, without undisclosed claims or encumbrances and that the grantor has the legal ability to transfer the realty described |
|
|
Term
| Warranty of habitability - |
|
Definition
| the obligation of a landlord to make repairs necessary to keep the premises fit to live in. Housing codes may prescribe in detail the required conditions of property |
|
|
Term
|
Definition
| adopted by cities or counties to regulate the location of residential, business, and industrial districts |
|
|
