- The system under which
individuals have ownership rights in land in the United
States.
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- All of the legal ownership
rights a person has in real property
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- The governments right to take
privately owned property with just compensation to the owner
when that property is needed for a worthwhile public use
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- The proceeding whereby the
government exercises its right to take privately owned
property
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- The power of the government to
restrict the use of real property when necessary for the
health, morals, safety and general welfare of all citizens
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- The reversion of property to the
state when its owner dies intestate and without heirs
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- A lesser interest in real
property is absorbed when the holder acquires a greater
interest in the same property
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- Water rights belonging to the
owner of property bordering non-navigable water
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- Water rights belonging to the
owner of property bordering navigable water
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- Temporary, revocable permission
to use someone else's property for a specific purpose
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- An irrevocable, limited right of
enjoyment in the property of another; a right of way
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- An easement that "runs with
the land" and involves two parcels of real estate. One
created to benefit the land as opposed to the individual
owner.
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- The parcel of land that benefits from an easement in
an easement appurtenant
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- The parcel of land that is
burdened with an easement
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- An easement that benefits a
person or a company such as a utility rather than benefiting
another parcel of land
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- The degree or nature of interest
that a person has in real property
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- A classification of estate that
involves possession but not ownership for a fixed period of
time
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- The type of estate created by a
typical lease. One that has a definite beginning date and a
definite ending date
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- An estate that continues from period to period. A typical
month-to-month lease. Requires proper notice to terminate.
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- An estate without a fixed term
that will continue at the will of the parties
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- The type of estate that develops
when someone comes into possession lawfully and does not leave
when their right to occupy ends
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- A tenant that does not surrender possession at the
conclusion of a lease
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- The lowest possible form of estate
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- The highest or largest possible form of estate
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- The right to obtain legal title to a property in the future
when title is presently held by another
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- The interest that a wife may automatically have in the
property of her deceased husband
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- The interest that a husband may automatically have in the
property of his deceased wife
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- A classification of estate that involves ownership for an
unpredictable duration
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- A type of freehold estate that is capable of being defeated
if certain conditions are not met
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- An estate that will continue for the duration of someone's
life
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- A predesignated third party who will receive the property at
the conclusion of a life estate
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- The owner of an estate that will continue for the duration
of someone's life
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- For the life of another. A life estate based on the life of
someone other than the life tenant
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- Property rights that revert back to the grantor of those
same rights to another
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- An abuse of property which one has control of but does not
have fee simple ownership. The abuse impairs the rights or
value of the property for the one holding a reversionary
interest
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- Sole ownership of property by one person. Ownership severed
and apart from all others
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- Co-ownership of property by two or more people with no
rights of survivorship
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- Co-ownership of property by two or more people with rights
of survivorship
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- Co-ownership of property by two or more people where
ownership interest must be in equal shares
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- A type of co-ownership that includes rights of survivorship
and can be used only by a husband and wife
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- The type of ownership automatically created when a husband
and wife acquire title and do not specify a particular type of
ownership in the deed
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- The four unities of a joint tenancy
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- A form of ownership that involves separating the property
into two categories; that which the individual owns and that
which is co-owned with other unit owners
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- Where the tenants of a building are stockholders in a
corporation that owns the building
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- The document used to convey the right of occupancy of a unit
in a cooperative
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- A form of co-ownership used in vacation resorts where each
owner is given the right to use the property a specific time
each year
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