Card Set Information
vocabulary words for Real Estate
Property that is separate from Real Estate, Chattels. Portable, destructible, homogeneous.
City zoning, the Law, property deeds, all can limit the use of a property
Limiting right to use
The owner of a property has the right to sell, bequeath, lease, donate, and assign.
Right to Transfer
Mortgages, Homesteads, deeds each may tie up a property from being sold or used.
Right to Encumber
Owners can control who is allowed to enter the property.
Right to exclude
Husband and wife, Equal undivided interest, no foreclosure on individual debts,
Tenancy by the Entireties
the only way to terminate this property is through death, divorce, mutual agreement, judgment on joint debt.
Termination of Tenancy by entireties
spousal rights, even though the spouse did not invest into the property equally the spouse has equal rights
community property states
property used exclusively by the partnership.
Tenancy in Partnership
the cost of condominiums based upon the size and benefits.
Pro Rata Share
Paperwork used to govern a neighborhood. HOA costs and governments.
CC&R's ; Covenants, conditions and restrictions