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Rights and Interests

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Rights and Interests

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25 Questions

1. License

(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Anything - such as a mortgage - tax - or judgment lien; an easement; a restriction on the use of the land - or an outstanding dower right - that may diminish the value of the property.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.

2. Remainder interest

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Anything - such as a mortgage - tax - or judgment lien; an easement; a restriction on the use of the land - or an outstanding dower right - that may diminish the value of the property.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.

3. spot survey

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.Anything - such as a mortgage - tax - or judgment lien; an easement; a restriction on the use of the land - or an outstanding dower right - that may diminish the value of the property.

4. Encumbrance

(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.Anything - such as a mortgage - tax - or judgment lien; an easement; a restriction on the use of the land - or an outstanding dower right - that may diminish the value of the property.

5. Dower

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.The legal right or interest - recognized in some states - that a wife acquires in the property her husband held or acquired during their marriage. During the husband's lifetime the right is only a possibility of an interest; upon his death - it can become an interest in land.Shows all buildings - improvements - and easements on a property.

6. Mechanic's lien

A statutory lien created in favor of contractors - laborers - and material suppliers who have performed work or finished materials in the erection or repair of a building.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.

7. Easement

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.A right to use the land of of another for a specific purpose - such as for a right-of-way or utilities; an incorporeal interest in land.Shows all buildings - improvements - and easements on a property.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.

8. Deed Restriction

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Clause in a deed limiting the future uses of the property. This clause may impose a vast variety of limitation and conditions - for example - they may limit the density of buildings - dictate the type of structures that can be erected - or prevent buildings from being used for specific purposes or even from being used at all.Shows all buildings - improvements - and easements on a property.

9. Escheat

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.The reversion of property to the state or county - as provided by state law - in cases where a decedent dies intestate without heirs capable of inheriting or when the property is abandoned.

10. Fee simple subject to a condition subesquent

(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.An estate that is in effect as long as a specified condition is satisfied.

11. Fee simple defeasible

An estate that is subject to some condition to determine when it will begin or end.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.

12. Curtesy

A life estate - usually a fractional interest - given by some states to the surviving husband in real estate owned by his deceased financing.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.

13. Life estate

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.An interest in real or personal property that is limited in duration to the lifetime of its owner or some other designated person or persons.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.

14. Lis pendens

(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.A recorded legal document giving constructive notice that an action affecting a particular property has been filed in either a state or a federal court.Shows all buildings - improvements - and easements on a property.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.

15. Community Property

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.A system of property ownership based on the theory that each spouse has an equal interest in the property acquired by the efforts of either spouse during marriage. A holdover of Spanish law - found predominately in western states - this system was unknown under English common law.

16. Lien

(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.A right given by law to certain creditors to have their debts paid out of the property of a defaulting debtor - usually by means of a court sale.

17. Easement by Necessity

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.An easement allowed by law as necessary for the full enjoyment of a parcel of real estate; for example - a right of ingress and egress over a grantor's land.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.

18. Allodial System

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.A system of land ownership in which land is held free and clear of any rent of service due to the government; commonly contrasted to the feudal system. Land is held under this system in the United States.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.

19. Eminent Domain

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.The right of a government or municipal quasi-public body to acquire property for public use through a court action called condemnation - in which the court decides that the use is a public use and determines the compensation to be paid to the owner.

20. Inverse condemnation

A legal process by which a property owner seeks to recover damages due to the fact that a government action has reduced the value to the point that the property owner cannot use the property.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.

21. Pur autre vie

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.Latin phrase meaning "for the life of another." A life estate pur auto vie is a life estate that is measured by the life of a person other than the grantee.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.

22. Leashold estate

A tenant's right to occupy real estate during the term of a lease - generally considered to be a personal property interest.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.Shows all buildings - improvements - and easements on a property.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.

23. Homestead

Land that is owned and occupied as the family home. In many states - a portion of the area or value of this land is protected or exempt from judgments for debts.Shows all buildings - improvements - and easements on a property.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.

24. Easement by Prescription

An easement acquired by continuous - open - and hostile use of the property for the time prescribed by state law.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.

25. Easement Appurtenant

(1) a privilege or right granted to a person by a state to operate as a real estate broker or salesperson; (2) the revocable permission for a temporary use of land - a personal right that cannot be sold.An easement that is annexed to the ownership and used for the benefit of another's land.The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate - such as when an owner conveys a life estate to one party and the remainder to another.Shows all buildings - improvements - and easements on a property.

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25 Questions

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know? Privacy | Terms |

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All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com