CT Property Ownership and Transfers - Flashcards

Concurrent estates
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Terms in this set (15)
Equitable interestLegal title has not yet been transferred but interest has been transferred to the buyerProrationDivision of property expenses between the buyer and seller in a transactionCommon interest communitiesCondominiums, real estate cooperatives, timeshares, planned unit developments, and reciprocal easementsMarketable record titleA title of record that gets rid of any interests or claims that predate the titlePreservation and conservation easementDesignated locations that have entered in a voluntary agreement in order to restrict the uses and preserve the cultural value of a site