Improvement - CORRECT ANSWER Man's additions to the land
Bill of Sale - CORRECT ANSWER Means by which ownership of personal property is
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transferred
Fixture - CORRECT ANSWER Personal property that has been attached in such a way as to
make it real property
Severance - CORRECT ANSWER A piece of real property is uninstalled, making it personal
property
Trade Fixtures - CORRECT ANSWER Fixtures installed by a tenant in order to carry out
business
Emblements - CORRECT ANSWER Crops that, while attached to the ground, are considered
personal property of the farmer who cultivated them. Ownership can be transferred with a bill of
sale, or the cultivating farmer may make arrangements to return to the property to harvest them.
Physical Characteristics of Real Property - CORRECT ANSWER Nonhomogeneity, Immobility,
Indestructability
Economic Characteristics of Real Property - CORRECT ANSWER Scarcity, Modification,
Fixity, and Situs
Methods of Legal Description of Land - CORRECT ANSWER Metes and Bounds; Lot, Block
and Subdivision; Rectangular Survey System
Public Controls of Land - CORRECT ANSWER Police Power, Eminent Domain, Taxation,
Escheat
Police Power - CORRECT ANSWER Power given to a municipality to regulate and control use
of property. Zoning is the most common example
Non-Conforming Use - CORRECT ANSWER A use that was permissible under former rules,
but prohibited under new rules. It is allowed to continue because it is "grandfathered."
Variance - CORRECT ANSWER An exception to zoning rules that an owner may apply for.
Buffer Zone - CORRECT ANSWER An area that separates one land use from another.
Eminent Domain - CORRECT ANSWER The right of the government to take private property
for public use through condemnation. The government must compensate the owner.
Escheat - CORRECT ANSWER When a property reverts to the state when someone dies leaving
no will or heir or kindred.
Deed Restrictions - CORRECT ANSWER Deed covenants, conditions and restrictions are
imposed to control land use, development and methods and materials for construction.
Reservation - CORRECT ANSWER Withholds title to a part of the land described in the deed,
like an easement or mineral rights.
Encroachment - CORRECT ANSWER When a structure of improvement overlaps or trespasses
onto another's property. They must be disclosed.
Easement - CORRECT ANSWER Allows limited use or enjoyment of another's land. It is use
without possession. They can be created by express or implied grant, agreement, reservation,
limitation, or prescription.
Dominant and Servient Estates - CORRECT ANSWER When one property has a road/driveway
passing through an adjacent property, the owner who crosses over the other's property is
dominant. The property with the road is servient to the dominant estate. This is called an
Easement Appurtenant, it goes with the land and the landowner owns the easement.
Easement in Gross - CORRECT ANSWER Belongs to a person or corporation, such as a utility
easement. No matter who owns the land, the easement belongs to the utility company.
Adverse Possession - CORRECT ANSWER When a property is acquired from the rightful
owner through the Statute of Limitations. Occupancy must be hostile, continuous, and distinct
for the statutory period. In Texas its 10 years.
Lis Pendens - CORRECT ANSWER A recorded notice filed against a specific property, meaning
that some form of lawsuit has been filed but not yet resolved in court. It may become the
responsibility of a new owner.
Estate in Severalty - CORRECT ANSWER Ownership by one person/entity. Corporations or
partnerships often hold title this way. If only one signature is required to sell a piece of property,
then there is only one owner.
Tenancy in Common - CORRECT ANSWER Ownership by two or more people without the
rights of survivorship. It is an estate of inheritance. Upon your death, shares go to your heirs, at
probate. You may sell your share without permission of the other owners. [Show Less]