Card Set Information
Real property can be converted to personal property by a process called?
What is personal property that has been converted to real property by being permanently affixed or attached to the land or building?
A lien that attaches to all property owned by a debtor is called?
What is a right, privilege, or interest which one party has in the land of another
What is the illegal extension of a building or some other improvement beyond the land of one owner and into the land of another owner?
What is the form of real estate ownership automatically provided by law when two or more people own real estate together?
Tenancy in common
A trust set up to take effect once the trustor has died?
What is ownership of property for a specific period of time each year
A method of land discription which identifies a parcel by specifying its shape and boundaries is called?
Metes and Bounds
Personal property that has been converted to real property by being permanently affixed or attached to the land or building is known as a(n)?
A charge, claim, or liability that someone has on the title of someone else's property
A factory cannot obtain access to a road that can carry its new, large trucks. After unsuccessful negotiations, the owner was able to get access through an
Easement by Necessity
A life tenant cannot do what with the property?
Leave it to their heirs
When ownership is held entirely by one person this is known as
A man built a fence that is partially on his neighbor's property, this is an example of what?
Principle Maridians run? and provide what?
North and South, and provide east and west direction
The highest and best type of interest in real estate recognized by law?
Fee Simple- Gives all right of ownership and is inheritable