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Exam (elaborations)

Barney Fletcher online course Questions And Answers

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Barney Fletcher online course Questions And Answers Condominium ownership Individual fee ownership of portion of a building that has other similar units Consideration Something of value given in return for the act or promise of another,an essential element of a contract Constructive notice...

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  • October 19, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Barney Fletcher
  • Barney Fletcher
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UpperClass
Barney Fletcher online course Questions And
Answers

Condominium ownership Individual fee ownership of portion of a building that has other

similar units




Consideration Something of value given in return for the act or promise of another,an

essential element of a contract




Constructive notice Recording of documents in the public records




Cooperative ownership Ownership in which individuals have share in stock in corporation

that has title to property




Deed in lieu of foreclosure Voluntary act by borrower and lender called a friendly

foreclosure




Deed of trust Used instead of a mortgage in some states




Deed restriction A clause in deed limiting future use of property

, Barney Fletcher online course Questions And
Answers

Decent and distribution (Intestate succession) method for distributing assets of a deceased

persons estate or will




Dominant Estate Owner of land that has right to use appurtenant easement




Dower and curtesy Right or interest that one spouse has in he property of another




Downzoning Change in zoning from higher more profitable to lower less profitable




Easements A specified and limited right or privilege to use another's property




Eminent domain The right of the government to acquire private property for public use




Encroachment Unauthorized invasion or intrusion on another property




Equitable lien Arises out of agreement, property can be used to secure a debt or obligation

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