+
Related Flashcards
Related Topics
Cards In This Set
| Front | Back |
|
Emblements
|
Planted growing crops that are cultivated annually by a tenant farmer on leased land.
|
|
Estate
|
An interest, share, right or equity in real estate that varies from the minimal right of a renter to the maximum right of a full owner.
|
|
Fee Simple
|
When an owner has transferred all rights of a property to a new owner for an indefinite duration of time.
|
|
Fee Simple Defeasible Estate
|
A fee estate that is subject to particular limitations imposed by the grantor of the estate.
|
|
Life Estate
|
An ownership interest in real property that only exists for the life of any designated person or persons.
|
|
Estate in Reversion
|
Describes the relationship of a grantor to the life estate they are granting.
|
|
Estate in Remainder
|
Claim by an estate holder who has received said title as the result of the death of a life estate holder.
|
|
Less-Than-Freehold Estates
|
Personal rights to the use of real property for a period of time, commonly referred to as leases or rental agreements.
|
|
Estate at Sufferance
|
Occurs when the person renting or leasing a particular property remains after the expiration of the stated term.
|
|
Tenancy at Sufferance
|
Occurs when a tenant remains in the property after the expiration of a lease without the owner's consent.
|
|
Conveyance
|
The document used to effect the transfer of title to property from one person to another.
|
|
Deed
|
A written instrument that conveys and evidences title.
|
|
Grantor
|
Person who grants property or property rights (seller).
|
|
Grantee
|
The person to whom the grant is made (buyer).
|
|
Grant Deed
|
A document that transfers title.
|
