Liens
This lien is created when you borrow money to buy a home, giving the lender a legal claim until the loan is paid.
What is a mortgage lien?
This type of ownership is held by two or more people with equal rights, and includes the right of survivorship.
What is joint tenancy?
This is the government’s right to take private property for public use, with fair compensation.
What is eminent domain?
This- represents the set of legal rights that come with owning real property.
What is the Bundle of Rights?
This type of right allows someone to use another’s land for a specific purpose, like a driveway or utility line.
What is an easement?
This lien protects contractors and builders who worked on your house but weren’t paid.
What is a mechanic’s lien?
This is the highest type of ownership, often called “ownership in fee simple.”
What is a fee simple absolute?
This power lets the state take ownership of property when someone dies without a will or heirs.
What is escheat?
This right allows the property owner to use or occupy their property in any legal way.
What is the right of possession (or use)?
Any easement, claim, lien, or restriction that limits the use or value of property is called this.
What is an encumbrance?
When a court awards money to someone and records it against the debtor’s property, this lien is created.
What is a judgment lien?
This type of estate exists for the duration of someone’s life, and ends when that person dies.
What is a life estate?
This limitation is a non-ownership interest in property that allows someone to use another’s land for a specific purpose, such as access or utilities.
What is an easement?
This right allows an owner to sell, lease, or transfer ownership of their property to others.
What is the right of disposition?
This easement runs with the land and benefits a neighboring property.
What is an easement appurtenant?
This court-ordered lien “freezes” property while a lawsuit is pending.
What is an attachment lien?
This special form of co-ownership is limited to married couples and includes the right of survivorship.
What is tenancy by the entirety?
This government power allows the creation and enforcement of zoning laws, building codes, and health standards to protect the public.
What is police power?
This right ensures a property owner or tenant can use and enjoy their property without interference from others, including the landlord or previous owners.
What is the right of quiet enjoyment?
The property burdened from an easement is called this.
What is the servient estate?
If a seller transfers the property but isn’t fully paid, this lien protects them.
What is a vendor’s (seller’s) lien?
When a life estate ends, and ownership passes to a third party, that person’s future interest is called what?
What is a remainder?
This limitation allows the government to raise money for public services like schools, roads, and police departments.
What is taxation?
This right allows the owner to control how the property is used, such as building, farming, or developing — within the limits of the law.
What is the right of control?
The property that benefits from an easement appurtenant is called this.
What is the dominant estate?