Prop 1 - Jawg

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52 Cards. Created by Jae ().
 
Term  
Definition

Actual Notice

Direct Knowledge of fact, such that a property to be acquired is encumbered OR information sufficient to make a prudent person inquire as to such fact.

Appurtenant Easement

Right of one owner of land (dominant estate) to make use of the land of another (servient estate) that attached or "appertains" to the dominant estate and passes with the title to the dominant estate.

Actual Notice

Direct Knowledge of fact, such that a property to be acquired is encumbered OR information sufficient to make a prudent person inquire as to such fact.

Appurtenant easement

Right of one owner of land (dominant estate) to make use of the land of another (servient estate) that attached or "appertains" to the dominant estate and passes with the title to the dominant estate.

Adverse Possession (ENHU)

Way to acquire complete title of land as against all others, including the record owner through:

1) Exclusive,

2) Notorious and open,

3) Hostile and

4) Uninterrupted use of the property for the statutory period

Bona fide purchaser

One who:

1) pays valuable consideration for an interest in property,

2) has no notice of other encumbrances on the interest and

3) acts in good faith

Chain of title

The successive conveyances of a certain property, consisting of all documents affecting title, the existence of which is readily available to a bona fide purchaser.

Class Gift

A gift to a group of persons, uncertain of the number at the time of the gift, to be ascertained at a future time, who are all to take in equal or other definite proportions, the share of each being dependent for its amount on the ultimate number of members in the class.

Assignment

Transfer of the lessee's entire interest in the lease, making the assignee primarily liable to the landlord for rent, and the original tenant only secondarily liable.

Common Development Scheme

Plan for subdividing land which intends that all parcels be subject to a restriction, which may be evidenced by the recorded plan, a general pattern of restrictions, or oral representations to early buyers. The finding of a common scheme in a residential development allows you to imply equitable servitude restricting all parcels sold after the scheme arose

Condemnation

Taking of private property for public use, such as building a highway, which raises a duty of just compensation under the due process clause of the constitution. The power to condemn property is known as eminent domain.

Condition Subsequent

An act or event that will extinguish a particular interest in land. An estate subject to a condition subsequent in an interest in property which may last forever, except upon the happening or non happening of a specified event, at which point it will become subject to termination.

"Conveyance to B so long as he remains a vegetarian" is an example of a a _______.

Condition Subseqent