Chapter 2 Part 1
What term means a right or privilege that goes with land?
What is an appurtenance?
These are east-west lines in the rectangular survey system
What are parallels?
Anything affixed to land with the intent of being permanent
What is “Improvements”?
Who is the party whose property is subject to the lien?
What is a Lienee?
A ____ is a personal privilege given to someone to use land.
What is a license?
This right allows you to use and enjoy water that borders/crosses the owned land
What is Riparian right?
One Acre is equal to how many square feet?
What is 43,560?
Latitude =Parallels and Longitude=____
What is “meridians”
How many systems determine the rights of land use?
What is 2 - Feudal and Allodial?
Which land use system gives individuals fee simple absolute ownership, free from all restrictions except government rights? Allodial or Feudal?
What is Allodial?
What gives the first user of the water the right to continue using it?
What is the “Doctrine of capture”?
An improvement is anything ____ to “land” with the intent of being permanent.
What is "affixed"?
The tax assessor assigns each parcel of land a ____
What is “Parcel number”?
The right of a government entity to take private property for public use upon payment of just compensation.
What is Eminent Domain?
What legal term describes the unauthorized intrusion of a building or other improvement onto another person’s land?
What is encroachment?
Parallels are also referred to as ___
What is “Base Lines”?
Nonhomogeneity in real estate means that...
What is “No two parcels of land are exactly alike"
The 4 economic characteristics of land
What is “Scarcity, Modification, Fixity, and Situs”?
An article of personal property.
What is the definition of Chattels?
What is the name of the most complete form of private real estate ownership, representing the full bundle of rights to land?
What is Fee Simple?
___ and ___ describes land using degrees, minutes, and seconds.
What are metes and bounds?
The term recorded plat is commonly used to describe what?
What are subdivisions?
The 4 economic characteristics of land
What is “Scarcity, Modification, Fixity, and Situs”
When a person dies and leaves no heirs and no instructions as to how to dispose of real and personal property; ownership of property passes to the government entity is known as…?
What is Escheat?
What can limit private property rights and potentially reduce the value of a real estate investment?
What is government regulation/limitations?