Study sets matching "property law real"

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Study sets matching "property law real"

Property Law Real Property
Adverse Possession
Real Covenant
"Residential Purposes" Covenant
"Bed and Breakfast"
The claim of ownership of land by possession that is exclusiv…
Private restriction on property that is contained in a convey…
Many covenants limit use of property to "residential purposes…
Courts are also divided as to whether use of the property as…
Adverse Possession
The claim of ownership of land by possession that is exclusiv…
Real Covenant
Private restriction on property that is contained in a convey…
35 terms
Real Property and the Law
accession
accretion
air rights
allodial system
Acquiring title to additions or improvements to real property…
The increase or addition of land by the deposit of sand or so…
The right to use the open space above a property, usually all…
A system of land ownership in which land is held free and cle…
accession
Acquiring title to additions or improvements to real property…
accretion
The increase or addition of land by the deposit of sand or so…
28 terms
Unit 2 -Real Property and the Law
accession
water rights
accretion
trade fixture
acquiring title to additions or improvements to real property…
common law rights held by owners of land adjacent to rivers,…
addition of land by the deposit of sand or soil washed up nat…
an article installed by a tenant under the terms of a lease a…
accession
acquiring title to additions or improvements to real property…
water rights
common law rights held by owners of land adjacent to rivers,…
33 terms
Real Property Law - Contracts
The most important property inspection…
Prorated items include all of the foll…
Option contracts are most often used in
In most states, contracts for the tran…
Roof and Termite inspections
Attorney fees
land development transactions
none of the above; No leases
The most important property inspection…
Roof and Termite inspections
Prorated items include all of the foll…
Attorney fees
Real Property law
forehold estate
leasholds
real estate
fee simple
...
...
...
...
forehold estate
...
leasholds
...
24 terms
2- Real Property and the Law
Land
Real Estate
Real Property
Bundle of Legal Rights
earth's surface extending downward to the center of the earth…
land plus improvements (any artificial thing permanently atta…
land, improvements, and bundle of rights; interests, benefits…
Given by English Common Law includes right to possess, contro…
Land
earth's surface extending downward to the center of the earth…
Real Estate
land plus improvements (any artificial thing permanently atta…
33 terms
Property Law - Selling Real Property
Statute of Frauds
(Specific) Part Performance
Equitable Estoppel
Marketable Title
Requires essential terms: parties, price, and property descri…
Oral contract may be enforced if: 1) buyer takes possession…
Oral contract enforceable if: ... 1) one party acts to his detri…
Title reasonably free from doubt as to its validity. Implied…
Statute of Frauds
Requires essential terms: parties, price, and property descri…
(Specific) Part Performance
Oral contract may be enforced if: 1) buyer takes possession…
24 terms
Property Law - Leasing Real Property
Fair Housing Act
Civil Rights Act of 1866
Discrimintation
Term of Years Tenancy
1) Prevents discrimination by: race, color, sex, religion, fa…
a. Prevents discrimination by: race or color... b. Covers all p…
1) P shows prima facie case of discrimination:... i. He is a me…
Set date of termination (does not need to be yearly)
Fair Housing Act
1) Prevents discrimination by: race, color, sex, religion, fa…
Civil Rights Act of 1866
a. Prevents discrimination by: race or color... b. Covers all p…
28 terms
Real Property and the Law
Accession
Accretion
Air rights
Annexation
Acquiring title to additions or improvements to real property…
The increase or addition of land by the deposit of sand or so…
The right to use the open space above a property, usually all…
Process of converting personal property into real property.
Accession
Acquiring title to additions or improvements to real property…
Accretion
The increase or addition of land by the deposit of sand or so…
Ch. 1 Real Property & The Law
accession
air rights
air rights
annexation
Acquiring title to additions or improvements to real property…
The right to use the open space above a property, generally a…
May be sold or leased independently, provided the rights have…
The process of converting personal property into real propert…
accession
Acquiring title to additions or improvements to real property…
air rights
The right to use the open space above a property, generally a…
14 terms
Real Property Law - ESTATES
Present Estate Interests (Checklist…
Future Possessory Interest ... HELD BY…
Future Possessory Interest... HELD BY A…
Fee Simple/ Fee Simple Absolute
Fee Simple...... 1. ABSOLUTE (fee simple)... 2. TAIL... 3. *DETER…
Future Possessory Interest HELD BY GRANTOR:... 1. REVERTER
Future Possessory Interest ... HELD BY ANOTHER (i.e. not Grant…
1. S of F applies... 2. Modernly, assumed unless otherwise state…
Present Estate Interests (Checklist…
Fee Simple...... 1. ABSOLUTE (fee simple)... 2. TAIL... 3. *DETER…
Future Possessory Interest ... HELD BY…
Future Possessory Interest HELD BY GRANTOR:... 1. REVERTER
Real Property Law 1L - Nelson
Title
Intervivos Transfer
Transfer in Death
Estate
The legal ownership rights to property. A deed is the documen…
A title owner can voluntarily transfer title to someone else…
Transfer of property commonly occurs from one party to anothe…
More than one person can have ownership in the same property…
Title
The legal ownership rights to property. A deed is the documen…
Intervivos Transfer
A title owner can voluntarily transfer title to someone else…
39 terms
Real & Personal Property Law
Real Property
Land
Tenements
Appurtenances
Land plus the tenements, improvements and appetences transfer…
Surface, Subsurface, Air Rights. (All can be sold and or leas…
man made improvements to land
Rights, privilege or improvements attached to the land.
Real Property
Land plus the tenements, improvements and appetences transfer…
Land
Surface, Subsurface, Air Rights. (All can be sold and or leas…
185 terms
Real property law
Accession
Accretion
Air lot
Air rights
Acquiring title to additions or improvements to
The build up of land from natural forces such as wind or water
A designated airspace over a piece of land. ... like surface pro…
The right to use the open space above the property
Accession
Acquiring title to additions or improvements to
Accretion
The build up of land from natural forces such as wind or water
10 terms
Real Property Law - CONVEYANCES
General Warranty Deed
Deed Formalities required
Valid Conveyance (Deed Description)
Warranty Deed
General Warranty Deed...
1. Statute of Frauds: must be in writing... 2. Description of La…
In order to have a Valid Conveyance, the Deed must adequately…
Warranty Deed...... Covenants contained within a Warranty Deed…
General Warranty Deed
General Warranty Deed...
Deed Formalities required
1. Statute of Frauds: must be in writing... 2. Description of La…
32 terms
Business Law- CH 19- Lecture- "Real Property"
"chattles annexed to land, that is, fa…
OWNERSHIP of property is NOT a consitu…
...
"chattles annexed to land, that is, fa…
OWNERSHIP of property is NOT a consitu…
...
Real Property Law
Accession
Accretion
Air Lot
Air Rights
Acquiring title to additions or improvements to real property
The buildup of land from natural forces such as wind or water
A designated airspace over a piece of land
The right to use the open space above a property
Accession
Acquiring title to additions or improvements to real property
Accretion
The buildup of land from natural forces such as wind or water
46 terms
Real Property Law
Real property refers to.. (3)
Fee Simple
The ownership of a fee simple can... (3)
shared ownership of fee simple
land... anything permanently attached to it (structures, such a…
the highest degree of ownership of real property in Canada
sell the property or pass it on to his or her heirs... and othe…
It is possible for a fee simple to be owned by more than one…
Real property refers to.. (3)
land... anything permanently attached to it (structures, such a…
Fee Simple
the highest degree of ownership of real property in Canada
23 terms
Real Property Law (18)
3 questions when dealing with real pro…
tenancy in common
joint tenancy
tenancy by the entirety
1. how is it owned... 2. does it have a clear title... 3. special a…
each own an undivided fractional interest in a piece of real…
property is owned in equal shares by two or more individuals;…
husband and wife; survivorship; each own it all
3 questions when dealing with real pro…
1. how is it owned... 2. does it have a clear title... 3. special a…
tenancy in common
each own an undivided fractional interest in a piece of real…
Real Property and the law
accession
Air rights
annexation
appurtenance
a : increase by something added... b : acquisition of additional…
a property right to the space above a surface area or object
to incorporate (a country or other territory) within the doma…
is a right or privilege associated with the property, althoug…
accession
a : increase by something added... b : acquisition of additional…
Air rights
a property right to the space above a surface area or object
21 terms
Theory of Property - Real Property Law
Fee Simple
Fee Tail (or Entail)
Life Estate
Adverse Possession
The most extensive form of freehold estate possible. A fee si…
A lesser freehold estate which arises from a grant to a perso…
A grant to a person for her or his life.
Where one person is in possession of property under any title…
Fee Simple
The most extensive form of freehold estate possible. A fee si…
Fee Tail (or Entail)
A lesser freehold estate which arises from a grant to a perso…
Real Property and the Law:
Land
Real Estate
Real property
Name different aspects of ownership in…
earth's surface to the center of the earth and airspace above…
Land plus permanent human made additions. Defined as land at,…
Real Estate plus "bundle of legal rights". It includes both l…
Land, Real Estate, Real Property
Land
earth's surface to the center of the earth and airspace above…
Real Estate
Land plus permanent human made additions. Defined as land at,…
Real Property Law
real property
personal property
tenement
hereditament
land, including anything attached to it.
things that are moveable and capable of being owned.
property which is the subject of tenure (a mode of occupying…
property which can be inherited; also refers to land in gener…
real property
land, including anything attached to it.
personal property
things that are moveable and capable of being owned.
33 terms
Real property law
real property law (совокупность правов…
real property (недвижимое имущество)
freehold estates (безусловное право со…
leaseholds (арендованная недвижимость)
law associated with the obligations, use and rights of owners…
land, including anithing attached to it
estates where the duration of ownership is indeterminate, whi…
interests in real property in which the leaseholder doesn't o…
real property law (совокупность правов…
law associated with the obligations, use and rights of owners…
real property (недвижимое имущество)
land, including anithing attached to it
22 terms
2 Real Property and the Law
Accession
Air Rights
Annexation
Appurtenance
acquiring title to additions or improvements to real property…
the right to use the open space above a property, usually all…
process of converting personal property into real property (t…
a right, privilege or improvement belonging to, and passing w…
Accession
acquiring title to additions or improvements to real property…
Air Rights
the right to use the open space above a property, usually all…
31 terms
Unit 2: Real Property and the Law
Land
Real Estate
Improvement
Real Property
Includes the earth's surface, its subsurface extending downwa…
Land plus all human-made improvements to the land that are pe…
Any artificial thing attached on or below ground such as a bu…
The interests, benefits and rights that are automatically inc…
Land
Includes the earth's surface, its subsurface extending downwa…
Real Estate
Land plus all human-made improvements to the land that are pe…
12 terms
Chapter 2: Real Property and the Law
Land
real estate
real property
bundle of legal rights
the earth's surface where water rights are held by owners of…
includes land AT, ABOVE, AND BELOW the earth's surface plus... a…
includes: interests, benefits, and rights that are automatica…
includes: ... right of possession, right to control, right to en…
Land
the earth's surface where water rights are held by owners of…
real estate
includes land AT, ABOVE, AND BELOW the earth's surface plus... a…
29 terms
General Real Property Law: Encumbrances
Encumbrance
Lien
Easement
Appurtenant Easment
A claim, charge or liability against the title to real estate…
AN encumbrance that provides security for a debt or an obliga…
the right to use the land of another for a particular purpose…
An appurtenant easement benefits a neighboring property.... An…
Encumbrance
A claim, charge or liability against the title to real estate…
Lien
AN encumbrance that provides security for a debt or an obliga…
18 terms
Real Property Law
to terminate
mutual
designation
prior consent
расторгать контракт
взаимный, обоюдный
Предназначение
предварительное согласие
to terminate
расторгать контракт
mutual
взаимный, обоюдный
10 terms
Real Property law
real property
freehold estate
conveyance
Lease
immovable property (land and anything affixed to the land)
Right of using immovable property for an unlimited period of…
transfer of title in a freehold estate
A contract between a landlord and a tenant for the tenant to…
real property
immovable property (land and anything affixed to the land)
freehold estate
Right of using immovable property for an unlimited period of…
12 terms
Real Property & the Law
Real Property
Personal Property
Bundle of legal rights
Title to Property
land, includes air rights, surface rights, subsurface rights.…
aka Chattels. Any removable property that aren't appurtenances
Possession; Control; Enjoyment; Exclusion; Disposition
legal title>prove ownership of real property through deed
Real Property
land, includes air rights, surface rights, subsurface rights.…
Personal Property
aka Chattels. Any removable property that aren't appurtenances
Real property law
real property
freehold estate
leasehold
real estate
a general term for land, tenements and hereditaments (недвижи…
property whose duration of ownership or occupation is not det…
property whose duration of ownership or occupation is fixed o…
land and anything attached to it (недвижимое имущество)
real property
a general term for land, tenements and hereditaments (недвижи…
freehold estate
property whose duration of ownership or occupation is not det…
Real Property Law
Real Property
Fixture
Trade Fixtrue
Points of concern with real property
Land or anything that is permanently attached to it
Item that was originally personal property, but once it becam…
Personal property installed as a fixture for the purposes of…
Air Space... Water Rights... Mineral Rights
Real Property
Land or anything that is permanently attached to it
Fixture
Item that was originally personal property, but once it becam…
Real Property & the Law
Accession
Accretion
Annexation
Appurtenance
Acquiring title to additions or improvements to real property…
The increase or addition of land by the deposit of sand or so…
Process of converting personal property into real property.
A right, privilege, or improvement belonging to, and passing…
Accession
Acquiring title to additions or improvements to real property…
Accretion
The increase or addition of land by the deposit of sand or so…
22 terms
Ch 2: Real Property and the Law
Annexation
Improvement
Appurtenance
Personal Property
Change personal property to real property, such as mixing san…
Man-made attachment to the land, such as a building, streets,…
Right, privilege or improvement belong to, and passing with t…
Movable objects, not real property, sometimes called chattels…
Annexation
Change personal property to real property, such as mixing san…
Improvement
Man-made attachment to the land, such as a building, streets,…
17 terms
Business law- real property
fixture
fixture
trade fixtures
estates in land
belong to owner of real property
belong to owner of real property
personal property attached to leased premises for purposes of…
the nature of a person's ownership
fixture
belong to owner of real property
fixture
belong to owner of real property
Real property law
Freehold estates
Fee simple
Life estates
Life tenant
A right of title to land that is characterizes by two essenti…
The unlimited form of freehold estates which is inheritable a…
An interest in property in which the individual retains posse…
The owner of a life estate.
Freehold estates
A right of title to land that is characterizes by two essenti…
Fee simple
The unlimited form of freehold estates which is inheritable a…
25 terms
Real Property Law
Real Property
Township
County
Deed
The land and anything permanently affixed thereto.
36 Sections; each section has 640 acres (one square mile)
Made up of Townships (16-24)
A legal document that is signed and delivered, especially one…
Real Property
The land and anything permanently affixed thereto.
Township
36 Sections; each section has 640 acres (one square mile)
34 terms
Real Property Law
Dealings before contract Purchase
Types of property
Real property
Ownership
Inspect the subject land with a chattered engineer and a lice…
Real property, house with land, land and buildings thereon.... P…
The law of rights to things. Real property may be residential…
Refers to a trinity of rights. A right of using. A right to p…
Dealings before contract Purchase
Inspect the subject land with a chattered engineer and a lice…
Types of property
Real property, house with land, land and buildings thereon.... P…
24 terms
Real Property Law
Real Property
Estate
Freehold Estate
Easement
The land and structures built upon the land
Land is viewed under the law as something that has incomparab…
When someone owns land by their selves in fee simple and owns…
a right to cross or otherwise use someone else's land for a s…
Real Property
The land and structures built upon the land
Estate
Land is viewed under the law as something that has incomparab…
Real Property law
forehold estate
leaseholds
real estate
fee simple
is the exclusive right to enjoy the possession and use of a p…
property which is allowed to be used in return for payment ac…
is immovable property consisting of land or buildings.
is absolute title to land, free of any conditions, limitation…
forehold estate
is the exclusive right to enjoy the possession and use of a p…
leaseholds
property which is allowed to be used in return for payment ac…
Property Law- I. Real Property
Fee Simple Absolute
Alianable
divisible
Fee Tail
To A, or, to A and his heirs ("and his heirs" is not needed n…
freely transferable during the owner's life time
capable able to pass by will.
abolished in the U.S. today. Was dependent of specific langua…
Fee Simple Absolute
To A, or, to A and his heirs ("and his heirs" is not needed n…
Alianable
freely transferable during the owner's life time
Real Property and the Law:real and personal property
Personal property
Manufactured housing
To sell manufactured homes in GA
When in GA would a manufacture home be…
sometimes called personalty, is all the property that can be…
dwellings that are not constructed at the site but are built…
Every retailer and retail broker who sells or offers for sale…
Under Georgia code (O.C.G.A. § 8-2-183.1), there are conditio…
Personal property
sometimes called personalty, is all the property that can be…
Manufactured housing
dwellings that are not constructed at the site but are built…
148 terms
Real Property and Law
Name: __________________________ Date:…
1. The phrase "bundle of legal rights"…
A) the definition of real property.
B) a legal description.
...
...
...
...
Name: __________________________ Date:…
...
1. The phrase "bundle of legal rights"…
...
45 terms
real property law
freehold
real property
tenement
hereditament
the right to own a building or piece of land without time limit
land or buildings that someone owns
a large building divided into apartments, usually in a poor a…
a piece of property that can be left to someone after its own…
freehold
the right to own a building or piece of land without time limit
real property
land or buildings that someone owns
89 terms
Business Law- Real Property
Real Property
Fixture
Multiple Ownership
Tenancy in common
land and permanent attachments to land.
personal property so securely attached to real estate that it…
tenancy in common, joint tenancy, tenancy by the entirety, co…
multiple ownership in which at death one owner's share passes…
Real Property
land and permanent attachments to land.
Fixture
personal property so securely attached to real estate that it…
48 terms
Real Property and Law
Land
Real Estate
Real Property (Bundle of Legal Rights)
Bundle of Legal Rights 5
is defined as the earth's surface extending downward to the c…
is defined as land at, above, and below the earth's surface,…
is the broadest of all. It includes both land and real estate…
(Progression, Control, Enjoyment, Exclusion, Disposition)... 1.…
Land
is defined as the earth's surface extending downward to the c…
Real Estate
is defined as land at, above, and below the earth's surface,…
26 terms
Unit 2: Real Property and the Law
land
subsurface rights
air rights
water rights
earth's surface extending downward to the center of the earth…
mineral rights and other natural resources that can be leased…
rights to use the space above the earth; can be sold separate…
determined by common law and statute; can be held by owners o…
land
earth's surface extending downward to the center of the earth…
subsurface rights
mineral rights and other natural resources that can be leased…
98 terms
Property Law (Real)
Land Sale Contracts
Land Sale Contracts: Contract Stage
Land Sale Contracts: Deed Stage
Land Sale Contracts: Statute of Frauds
Require a Contract Stage and Deed Stage
Any liability is based solely on the contract
Liability based solely on the deed warranty... **Unless there i…
Land sale K's are subject to the S of F. ... Must be in writing;…
Land Sale Contracts
Require a Contract Stage and Deed Stage
Land Sale Contracts: Contract Stage
Any liability is based solely on the contract
34 terms
Real Property Law
The Land and Anything Permanently fixe…
Fee Simple ... Conditional Estates ... Life…
duration
freehold estate whose duration is pote…
real property
5 estates in real property
The distinction between the three freehold estates is based on
Fee simple
The Land and Anything Permanently fixe…
real property
Fee Simple ... Conditional Estates ... Life…
5 estates in real property
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