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Estates and Interests - Chap. 6
Essential of New Jersey Real Estate, 12th Edition
31
Real Estate & Planning
Not Applicable
09/25/2016

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Construction lien

 

 

Definition
placed against real estate by a worker who has not been paid

 

 

Term
Convey

 

 

Definition
transfer by sale or gift

 

 

Term
Curtesy

 

 

Definition
husband’s rights in wife’s property

 

 

Term
Dominant estate

 

 

Definition
property that benefits from an easement

 

 

Term
Dower

 

 

Definition
wife’s rights in husband’s property

 

 

Term
Easement

 

 

Definition
permanent right to use another’s land

 

 

Term
Easement appurtenant

 

 

Definition
right that runs with the land

 

 

Term
Easement by necessity

 

 

Definition
right of access to a landlocked parcel

 

 

Term
Easement by prescription

 

 

Definition
right sometimes acquired through usage

 

 

Term
Easement in gross

 

 

Definition
right used for utility lines on another’s land

 

 

Term
Encroachment

 

 

Definition
building intruding on another’s land

 

 

Term
Encumbrance

 

 

Definition
any easement, encroachment, etc.

 

 

Term
Estate in land

 

 

Definition
amount of ownership

 

 

Term
Fee determinable

 

 

Definition
ownership “as long as”

 

 

Term
Fee simple

 

 

Definition
most complete ownership of land possible

 

 

Term
Freehold estate

 

 

Definition
ownership lasting indefinitely

 

 

Term
General lien

 

 

Definition
claim against all property someone owns

 

 

Term
Involuntary lien

 

 

Definition
property taxes are one

 

 

Term
Leasehold estate

 

 

Definition
right to use and possess for limited time

 

 

Term
License

 

 

Definition
temporary permission

 

 

Term
Lien

 

 

Definition
financial claim against real estate

 

 

Term
Lis pendens

 

 

Definition
notice that a lien may be filed

 

 

Term
Mortgage lien

 

 

Definition
lender’s claim against real estate

 

 

Term
Party wall

 

 

Definition
structure owned by two adjoining landowners

 

 

Term
Priority

 

 

Definition
the order in which liens are paid

 

 

Term
Remainderman

 

 

Definition
third party who will gain eventual ownership

 

 

Term
Reversionary interest

 

 

Definition
future interest of an owner

 

 

Term
Servient estate

 

 

Definition
the tract over which an easement runs

 

 

Term
Specific lien

 

 

Definition
claim against one parcel of real estate

 

 

Term
Tacking

 

 

Definition
adding successive periods of usage

 

 

Term
Voluntary lien

 

 

Definition
mortgage or equity loan, for example

 

 

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