Ownership
Federal buildings, military bases, roads, parks, etc. represent this type of ownership
Public(ly)
Instrument by which real property is transferred
Deed
Deposited material that creates a firm ground.
Alluvion or Alluvium
Control, enjoyment, disposition and possession represent what
Bundle of Rights
What property acquired by either spouse is not considered in Community Property
Separate Property
Interest does not have to be equal. Shares are inheritable.
Tenancy in Common
Rights that concern properties that border a river, streams, creeks and brooks.
Riparian
Owner that possesses the entire bundle of rights
Fee Simple (Absolute)
Type of fee simple estates that do not represent complete rights of ownership
Fee Simple Determinable or Fee Simple Condition Subsequent
Form of ownership similar to Joint Tenancy that applies only to married couples
Tenancy By The Entirety
Fee Simple title to units (air lots). Owners are tenants in common for common elements relates to what
Condo(s)
Instrument by which personal property is transferred
Bill of Sale
The transfer of ownership
Alienation
Type of estate measured by a person's lifetime
Life Estate
What instrument is used to remove cloud on a title
Quitclaim Deed
Owned in severalty by non-profit corporation | Owner buys shares of stock in the corporation that acquires proprietary lease relates to what
Co-Op
The process by which an item of real property becomes personal property
Severance
Occupies another person's land without consent for a period of time
Adverse Possession
Government's power to take property without owners consent for a public purpose
Eminent Domain
Zoning which is considered higher density or more profitable use
Up-Zoning
Partnernship in which each partner is jointly & severally liable for obligations; creditors must first collect from the partnership before individual partners.
General
The method of legal description that identifies the parcel by identifying its boundaries.
Metes and Bounds
Document used to explain how Testator wants to dispose of their estate
Last Will and Testament
Law that allows contractors, workmen and suppliers to place a lien on property if not paid in full for improvement.
Mechanic's Lien
Regulations that set the standards for construction materials, methods, and safety procedures.
Building Codes