This class was created by Brainscape user Debbie Hill. Visit their profile to learn more about the creator.
By:
Debbie Hill
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Decks in this class (28)
Contracts
What are the 4 elements for a con...,
The first requirement for a valid...,
________________ is a promise tha...
6
cards
Property Ownership
The two basic forms of ownership ...,
In concurrent ownership the co ow...,
Unity of possession
46
cards
EASEMENTS
The right to use or enjoy the pro...,
An easement which requires both d...,
In an easement appurtenant the ho...
24
cards
Property Ownership Review II
An estate in real property which ...,
Alease for 2 weeks of a vacation ...,
Example blue rents his home from ...
29
cards
Contracts Review
A contract that specifies that so...,
A verbal contract is called,
A contract in which the parties s...
58
cards
LIENS
A monetary claim which one person...,
A person who has a right ofr lien...,
A person whose property is subjec...
37
cards
Condominiums
A form of community ownership in ...,
In a condominium development each...,
In a condominium development the ...
35
cards
REVIEW OF LIENS AND COMM. OWNERSHIP
Liens ar4e created as a means of,
Liens may be created by,
Liens which are created by operat...
72
cards
Review Property Ownership 3
A freehold estate which is inheri...,
Most distinguishing feature of a ...,
A fee estate is one type of
27
cards
REAL PROPERTY #4
The 2 types of estates in land ar...,
Freehold estates means ownership ...,
Another name for an estate less t...
16
cards
Real Property #5
The two basic forms of ownership ...,
Ownership by one person is called,
In concurrent ownership the co ow...
43
cards
PROPERTY OWNERSHIP #6
The right to use or enjoy the pro...,
The interest that a holder of an ...,
The easement which requires both ...
25
cards
Property Ownership #7
If an easement is created by a wr...,
Creation of an easement by contin...,
Acquisition of property by contin...
25
cards
New section: Property Description
A description of property with an...,
A street address is not a method for,
The method of legal description o...
21
cards
Titles
The sum of all the facts which ow...,
A title search is usually ordered...,
The lender usually orders the tit...
20
cards
TITLE TRANSFER 1
If a deed is in possession of the...,
If a deed is recorded it is presu...,
All of the following are required...
16
cards
TRANSFER TITLE #2
The rules of real property transf...,
When a person dies and leaves a v...,
When a person dies but does not l...
24
cards
Property Description and Titles Review
A metes and bounds description of...,
In a recorded plat description wh...,
Marketable title to real property...
35
cards
Review on Liens
A monetary claim which one person...,
A person who has a right of lien ...,
A person whose property is subjec...
42
cards
REVIEW COMMUNITY OWNERSHIP
A form of community ownership in ...,
In a condominium development each...,
In a condominium development the ...
44
cards
Leasing and Property management 1
A lease is a contract which conve...,
A valid lease can be written or o...,
In most states an oral lease for ...
31
cards
Property Taxes
Government entities that have the...,
The redemption period during whic...
2
cards
Income Taxes
A casualty loss may be deducted b...,
Expenses of operation that can be...,
Depreciation allows an owner of a...
6
cards
REVIEW Leasing, Land Use, Tax
Example white leases a car servic...,
Which of the following liens has ...,
Special assessment taxes are usually
5
cards
Review Property Description
Recorded plats use lots blocks an...,
Any object used to identify a cor...,
A monument may be a
7
cards
REVIEW TITLES
Since the statute of frauds in en...,
The presumption that anyone inter...,
Records on property ownership are...
9
cards
Review of Title Transfer
The party who transfers a deed is...,
The party to whom the title is tr...,
The grantor must sign a deed to m...
16
cards
REVIEW TITLE TRANSFER #2
Rules of real property transfer b...,
When a person dies and leaves a v...,
Gift of real property in a will i...
3
cards
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Real Estate Study
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