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AMP Exam Prep
Rights
56
Real Estate & Planning
Undergraduate 1
09/12/2013

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
A tax assessed against real property based upon its value. Revenue from such taxes is used to pay for the general operational expenses of the taxing authority.
Definition
Ad valorem tax
Term
An encumbrance created against land when the court is granted custody of the property to prevent the owner from conveying title while a suit for damages is being decided. By attaching the property the person seeking damages is assured that the property will be available to satisfy a judgement if it is awarded by the court.
Definition
Attachment Lien
Term
All of the rights a person can have in real property. Included in the bundle are the rights of possession, control, enjoyment and disposition.
Definition
Bundle of Rights
Term
Definition
Covenent
Term
The land parcel which benefits from an easement appurtenant. Then title to the land is conveyed, the easement is automatically transferred to the new owner.
Definition
Dominant Estate
Term
A legal right to use the land of another for a specific purpose and in a specific manner. The right only constitutes an interest in the land. It does not give the easement owner and estate.
Definition
Easement
Term
An easement which grants a right of use to one parcel of land in and on another parcel. The land over which the easement runs is the servient estate, The land benefiting from the easement is the dominant estate.
Definition
Easement apputenant
Term
A legal right to use the land of another. It involves only one parcel of land and does not benefit any particular property. There are two types: commercial and personal.
Definition
Easement in Gross
Term
An exit leading from the parcel of land
Definition
Egress
Term
The goverment's right to take private property for public use with or without the consenting of the the owener
Definition
Eminent Domain
Term
Definition
Encroachment
Term
Definition
Encumbrance
Term
Definition
Eschect
Term
Definition
Estate
Term
Definition
Estate at sufferance
Term
Definition
Estate at will
Term
Definition
Estate for years
Term
Definition
Estate from period to period
Term
Definition
Fee simple absolute
Term
Definition
Fee simple determinable
Term
Definition
freehold estate
Term
Definition
General Lien
Term
Definition
Holdover Tenant
Term
Definition
Impounds
Term
Definition
Incorpreal
Term
Definition
Inheritance tax
Term
Definition
Involuntary Lien
Term
Definition
Judgement Lien
Term
Definition
Laches
Term
Definition
Leasehold Estate
Term
Definition
Legal life Estate
Term
Definition
License
Term
Definition
Lien
Term
Definition
Life Estate
Term
Definition
Life Estate pur autre vie
Term
Definition
Life Tenant
Term
Definition
Lis pendens
Term
Definition
Mechanic's Lien
Term
Definition
Mortgage Lien
Term
Definition
Ordinary Life Estate
Term
Definition
Party Wall
Term
Definition
Police Power
Term
Definition
Prescription
Term
Definition
Remainder estate
Term
Definition
Remainderman
Term
Definition
Reversionary estate
Term
Definition
Reverter Clause
Term
Definition
Servient estate
Term
Definition
Specific Lien
Term
Definition
Vendee's Lien
Term
Definition
Vendor's Lien
Term
Definition
Voluntary Lien
Term
Definition
Writ of execution
Term
Definition
Curtesy
Term
Definition
Fee simple Estate
Term
Definition
Fee simple on a condition subsequent
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