PA Real Estate Chapter 5 Questions and Answers Fully Solved 100%
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PA Real Estate Chapter 5
Institution
PA Real Estate Chapter 5
conventional life estate - ️️created intentionally by the owner and may be
established by deed at the time the ownership is transferred, during the owners life, or
by a provision of the will after his or her death. The estate is is conveyed to an individual
known as the LIFE TENANT and they ...
PA Real Estate Chapter 5
conventional life estate - ✔️✔️created intentionally by the owner and may be
established by deed at the time the ownership is transferred, during the owners life, or
by a provision of the will after his or her death. The estate is is conveyed to an individual
known as the LIFE TENANT and they may enjoy the the ownership until the death of
the person whose life the estate is measured.
defeasible fee estate - ✔️✔️An estate in which the holder has a fee simple title that
may be divested upon the occurrence or nonoccurrence of a specified event. There are
two categories of defeasible fee estates: fee simple on condition precedent (fee simple
determinable) and fee simple on condition subsequent.
accretion - ✔️✔️the increase or addition of land by the deposit of sand or soil washed
up naturally from a river, lake or sea
appurtenant easement - ✔️✔️An easement that is annexed to the ownership of one
parcel and allows the owner the use of the neighbor's land.
condemnation - ✔️✔️an administrative proceeding to exercise the power of eminent
domain, through which a government agency takes private property for public use and
compensates the owner.
deed restrictions - ✔️✔️Clause in deeds limiting future use of property; may limit
density of buildings, dictate types of structures or even prevent buildings from being
used for a specific purpose or being used at all.
doctrine of prior appropriation - ✔️✔️A governing principle of water rights law whereby
the right to use water is controlled by the state rather than the landowner adjacent to the
water
easement - ✔️✔️A right to use the land of another for a specific purpose such as for a
right-of-way or utilities; an incorporeal interest in land.
easement by condemnation - ✔️✔️An easement created by the government or
governmental agency that has exercised its rights under eminent domain.
easement by necessity - ✔️✔️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.
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