Terminology Principles of Real Estate Flashcards

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61 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
Bundle of rights
Use acronym DeepC: disposition, exclusion, enjoyment, possession and control
Real Property
- immovable
Personal Property
Movable i.e. chair
Fixture
Attach to real property: MARIA (Method, adaptability, relationship, intention and agreement) Method: how to attach a nail to a wall, adaptability: blinds on a window i.e. is adapted to that property, Relation: landlord, intention: why is it there, agreement – this supersedes everything
Chattel:
Personal property – cattle moves (hint for exam)
Riparian Rights
River – flowing water
Littoral:
Lake or ocean
Estate for years:
Estate for a fixed period of time
Estate at Sufferance
Deadbeat tenant
Title
Ownership
Severalty:
Yourself (sole) you own your property on your own
Concurrent estate:
: own with others
Joint Tenancy:
Time, Title, Interest, Possession: with more than one person but there is a right of survivorship
Encroaching:
Trespassing
Community Property:
Own property with a spouse