Upgrade to remove ads
Only $2.99/month

Lesson 4-Real Estate Fundamentals

Terms in this set (30)

Violation of a private restriction is most likely to lead to
an injunction
The parcel of land that receives the benefit of an easement appurtenant is called
Dominant temenent
Because an easement appurtenant runs with the land, if the servient tenement is sold:
the new owner still has to let the dominant tenant use the easement
A personal easement in gross:
Benefits a person rather than a parcel of land
A driveway easement providing access to lot B across lot A is:
An easement appurtenant
An easement created by express grant or express reservation:
must be in writing
An easement can be terminated by release:
If dominant tenant is willing to give it up
When the property was divided into two lots, the grantor failed to reserve an access easement across lot A for the benefit of lot B. Even so, if an easement is reasonably necessary and there was apparent prior use, there is an easement by:
Implication
Private restrictions:
Are binding on subsequent owners of the property
According to state statute, the right of use of another's property that is acquired over a long period of time is called a:
Prescriptive easement
The owner of lot B has an access easement across lot A. Then the owner of lot B buys lot A. The easement is terminated through:
Merger
A garage that is built over a lot line is an example of a
encroachment
the difference between an easement and profit is that a profit:
Allows something to be removed from the land
Lien priority is generally established by recording date, but special priority is given to:
Property tax and special assessment liens
An easement is a type of
nonpossessory interest
When the proceeds of a foreclosure sale arent enough to pay off all the liens against the property
the lien with highest priority is paid off first, even if there is no more money left over for other liens
A use right for real property that does not include ownership is called:
An easement
An easement created through long-term use of land without permission of the owner is an easement by
Prescription
A judgment lien is
Involuntary and general
Which of these is an example of an encroachment?
A tool shed built partially over boundary on neighbor's land
In washington, homestead protection:
Is automatic, beginning as soon as the owner starts living on the property
The type of lien that results from local improvements (such as road paving) which benefit a limited group of property owners is called:
A special assessment lien
Easements, rights of way, and other rights and privileges that go along with land ownership are:
Appurtenances
Which of the following statements about a deed restriction that prohibits placing a mobile home on the lot is correct?
it runs with the land and is binding on subsequent owners
Verbal (unwritten) permission to cross someone else's property is:
A license
A first mortgage's priority over a second mortgage is normally determined by:
The date of recording
which of the following would not result in the termination of an easement appurtenant?
Grantor of easement dies
A temporary, revocable right to use another's land is called a
License
Which of the following is an example of a voluntary lien?
A mortgage
An owner has a lakefront property with 500 feet of frontage. He wants to subdivide land into 50 adjacent lots, but maintain ownership and control of the frontage. A buyer of an undeveloped lot would prefer which type of lakefront access rights?
Easement appurtenant
THIS SET IS OFTEN IN FOLDERS WITH...