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| Refers to the fact that land and buildings required long periods of time to pay for themselves. |
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| An object that has been attached to land so as to become real estate. |
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| Any form of land development, such as buildings, roads, fences, and pipelines. |
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| Imaginary lines running north and south, used as references in mapping land. |
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| lines that run east and west. |
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| lines that run north and south. |
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| every six miles north and south of a base line a six by six imaginary square. |
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| each 36 square mile township is divided into 36 one square mile unit. |
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| each square mile contains 640 acres. |
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| A detailed method of land description that identifies a parcel by specifying its shape and boundaries. It has a point of beginning or point of commencement. You travel clockwise . |
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| is a guard against a monument that might be destroyed or removed. It is referenced to a nearby permanent reference est by a gov agency. |
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| An iron pipe, stone, tree or other fixed point used in making a survey. |
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| Also called Personalty, is any item that will not be included in the Bill of Sale, ie furniture, farm equipment. |
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| Land and improvements in physical sense, as well as the rights to own or use them; also known as real property. |
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| A Plat is a map that shows the location and boundaries of individual properties (also known as the lot block tract system, recorded map or recorded survey) and is filed in the county where the property is located. |
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| map books or survey books |
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Definition
| are where the recorded plat is located at the county recorders office. |
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| the tax assessor assigns and assessor’s parcel number to each parcel of land in a county. |
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| divides the state into 84 blocks, each side of which corresponds to a 30 min (one half of one degree) of latitude or longitude. |
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| vertical land description |
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Definition
| is necessary when air or subsurface rights need to be described. |
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| is a point line or surface from which a vertical height or depth is measured |
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| topographic maps indicate elevation, on these maps contour lines connect all points having the same elevation. |
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| is a street that is closed at one end |
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| is shaped like a flag on a flag pole. |
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| is a lot that fronts on two or more streets (usually worth more due to lighting). |
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| is a lot that adjoins the side or rear property line of a corner lot. |
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| is the lot at the end of a T intersection |
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| The right of the landowner whose land borders a river or stream to use and enjoy the water. |
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| doctrine of prior appropriation |
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| in western states the same as riparian rights. |
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| the first to use the water (even underground water) has a prior right to its use. |
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| – water not confined to a defined underground waterway |
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| shortage of land in a given geographical area where there is great demand for land. |
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| means that land is not substitutable. |
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| means a parcel of land cannot be moved. |
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| means no two parcels of land are exactly alike. |
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| The system where a king owned the land and in turn gave the right called a feud to sue large tracts of land to select individuals called lords. |
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| a system of land ownership under which individuals were give the right to own land. |
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| under the feudal system governments financed themselves by requiring lords and vassals to share a portion of the benefits they received from the use of the kings land. When people were able to own land the need for government finance did not end, so the gov retained the right to collect property taxes from land owners. |
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| The right of gov. to take ownership of privately held real estate regardless of the owners wishes. |
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| The right of gov. to enact laws and enforce them for the order, safety, health, morals and general welfare of the public (ie. Zoning laws, planning laws, building, health and fire codes, and rent control). Difference btw police power and eminent domain, is that there is no monetary recovery for police power because there is no taking of the land. |
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| is when a person dies and has no heirs and leaves no instruction on how to dispose of real estate, it reverts back to the state or county. |
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| The largest, most complete bundle of rights one can hold in land ownership. |
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| is synonymous with bundle of rights. Estate refers to one’s legal interest or rights in land, not the physical quantity of land as shown on a map. |
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| refers to the ownership of something, also the evidence of ownership, such as a deed or bill of sale. |
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| Any impediment to a clear title, such as a lien, lease or easement (also encroachments, deed restrictions, leases). |
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| is the right or privilege one party has to use land belonging to another for a special purpose not inconsistent with the owner’s use of the land. |
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| one cannot sell a parcel of land that is land locked without an easement |
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| easement by constant use. If one uses land in open, obvious and without permission of the property owner long enough |
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| The driveway leading to a back lot. If the lot is sold then the easement is conveyed. |
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| the front lot that serves the back lot. |
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| differs from easement appurtenant because there is a servient estate but no dominant estate. Ie. Telephone, electricity and gas line easements are all easements in gross. |
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| is when a single wall separates two parcels of land (fence or wall of a building). |
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| Easements may be terminated when the need for the easement no longer exists (a public road is built granting access to a back lot, or when two pieces of property are merged). |
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| unauthorized intrusion of a building or other form of real property onto another’s land (tree overhang, fence line, roof overhang). |
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| private agreements that govern the use of land. |
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| A hold or claim that one person has on the property of another to secure payment of a debt or other obligation. |
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| results from the right of gov to collect taxes from property owners. |
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| laws give anyone who has furnished labor or materials for the improvement of land the right to place a lien against those improvements and the land if payment has not been received. |
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| varies from county to county, a lien statement must be filed in the county where the property is located within 20-120 days after labor or material has been furnished. |
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| arise from lawsuits for which money damages are awarded. Usually only on property in the county where the judgment was awarded, however the creditor can extend the lien to property in other counties by filing a notice of lien in each of those additional counties. If the lien is not satisfied the creditor can ask the court to issue a writ of execution and the sheriff will sell off enough property to satisfy the lien. |
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