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LEGA TERM FINAL

LEGAL TERMS CRIMINAL LAW AND PROPERTY LAW

QuestionAnswer
REAL PROPERTY LAND & ALLPERMANET FIXTURES: PLANT LIFE & LIVE VEGETATION, AIR CONDITIONER, CABINETS ETC
PERSONAL PROPERTY TANGIBLE OR INTAGIBLE READILY MOVEABLE
ESTATES & LAND BUNDLES OF RIGHTS
SUBSURFACE RIGHTS ALL BELOW LAND: OIL, PRECIOUS METALS, NATURAL GASSES
FEE SIMPLE ABSOLUTE RIGHTS IN LAND: SUBSURFACE & SURFACE
LEASE HOLD ESTATE LEASEE (TENANT) HAS RIGHTS TO LIVE THERE FOR TERM OF LEASE
LIFE ESTATE IN PROPERTY GRANTEE WAS DEEDED THE RIGTH TO ENJOY LIVING THERE AS OWNER TILL GRANTEE DIES THEN PROPERTY GOES BACK TO GRANTOR. MUST BE IN WRITING
DEED PROOF OF SALE IN WRITTING THAT INCLUDES LEGAL ADDRESS, ALL PERTINENT INFORMATION TRANSFERING OWNERSHIP RIGHTS IN REAL PROPERTY AND IS RECORDED BY THE "RECORDER OF DEEDS" OFFICE
EASEMENT TRASFER OF RIGHTS ALOWING ONE TO GAIN ACCESS TO AN AREA ON LAND> DESCRIBES SPECIFIC PART OF LAND BEING USED, FOR WHAT PURPOSE AND FOR WHOM: FPL, CABLE, RIGHT OF PASSAGE TO LAKE ETC.
CONCURRENT OWNERSHIP CO OWNERSHIP
TENANCY BY ENTIRETY MUST BE MARRIED, NOTED IN DEED. RULE: IF SPOUSE DIES THE OTHER SPOUSE GETS IT. INTERESTS CANNOT BE TRANSFERRED WITHOUT OTHER SPOUSE SIGNATURE.
JOINT TENANTS UNMARRIED OWNERS. JOINT TENANTS WITH RIGHT OF SURVIVORSHIP. *WHEN ONE DIES THE INTEREST AUTOMATICALLY PASSES TO CO-TENANT. *PROPERTY CAN TRANSFER WITHOUT BOTH SIGNATURES. *ONE TRANSFERRED IT IS NOW KNOW AS "TENANTS IN COMMON"
TENANTS IN COMMON DECEASED TENANTS SHARE TRANSFERS TO AIRES (CHILDREN, FAMILY). ANY TENANT CAN TRANSFER INTERESTS WITHOUT THE CONSENT OF THE OTHER.
SATISFIED ALL OBLIGATIONS HAVE BEEN MET
GARNISHMENT TO ATTACH WAGES
EXECUTE/EXECUTION TO ENFORCE A JUDGEMENT/ TO ACT ON A JUDGEMENT
ATTACH TO ATACH BANCK ACCOUNTS AND ANY PERSONAL INTERESTS OF VALUE TO PROPERTY, ETC...
CONVEY/ CONVEYANCE TO SELL / GRANTOR VIA DEED TRANSFERED ALL RIGHTS TO GRANTEE 'SOLD'.
MARKETABLE TITLE FREE FROM ANY ENCUMBERANCES OR DEFECTS THAT WILL AFFECT VALUE OF PROPERTY
AGREEMENT OF SALE REAL ESTATE CONTRACT SIGNED BY GRANTOR AND GRANTEE
TITLE SEARCH SEARCH DONE TO INSURE THE TITLE IS MARKETABLE
MORTGAGE WRITTEN DOCUMENT FILES IN COURT HOUSE MORTGAGOR IS THE BUYER
INSPECTION AN OPINION GIVEN BY INSPECTOR THAT THE REAL ESTATE IS UP TO PAR
FORECLOSURE BANK SALE
NOTE PROMISSORY NOTE SAYING LOAN WILL BE PAID BACK WITHIN THE TERMS AGREED, GIVES THE BANK THE RIGHT TO ATTACH BORROWERS PERSONAL PROPERTY AND ASSETS BEYOND REAL ESTATE
CLOSING SAME AS SETTLEMENT
TAX SALE LOCAL GOVERNMENT SEIZES PROPERTY SAME END RESULT AS FORECLOSURE
QUIET TITLE ACTION WHEN THE COURT DETERMINES THE RIGHTS REGARDING OWNERSHIP OF LAND (FENCE PLACEMENT, ENCROACHMENTS ETC)
EMINENT DOMAIN / CONDEMNATON GOVERNEMTN TAKES YOUR PORPERTY FOR PUBLIC USE BUT MUST PAY YOU FAIR MARKET VALUE
PARTITIONS THE ACTUAL DIVISION OF PROPERTY BASED ON OWNERSHIP PERCENTS INVESTED IN PURCHASE
RECORD OF OWNERSHIP THE PERSON WHO'S NAME APPEARS IN COURT AS OWNER.
SHERIFF SALE ENFORCEMENT OF JUDGMENT FOR GOOD ATTACHED TO SEIZED PROPERTY
VENDEE / VENDOR BUYER / SELLER
MORTGAGEE / MORTGAGOR BANK / BORROWER HOME OWNER
GRANTEE / GRANTOR PERSON WHOM TITLE IS BEING TRANSFERRED TO BUYER / SELLER PERSON TRANSFERRING TITLE
ACKNOWLEDGMENT STATEMENT ON DOCUMENT THAT SIGNER OF DOCUMENT IS SIGNING BECAUSE SHE CONCURS WITH TERMS
ENCUMBERANCE LIEN
QUIT CLAIM DEED A DEED THAT HAS NO GUARANTEES OF EXISTING LIENS ON PROPERTY BEING TRANSFERRED. NOT GOOD!
WARRANT A GUARANTEE IN A DEED THAT OWNER OWNS PROPERTY
ABSTRACT OF TITLE THE RESULT OF A TITLE COMPANIES FINDINGS "A SUMMARY OF FINDINGS"
CLEAR TITLE PROOF PERSON OWNS PROPERTY
CHAIN OF TITLE THE HISTORY OF OWNERSHIP
ET AL. AND ALL OTHERS INVOLVED IN CASE
ORDINANCE LOCAL LAWS PASSED BY OUR LOCAL GOVT
ZONING LAWS OUTLINE THE PROPER USE OF PROPERTY
VARIANCE EXCEPTIONS TO ZONING LAWS
TENANCY FOR YEARS / TENANCY FOR PERIODIC MORE THEN 1 YEAR / TERM TO TERM MONTH TO MONTH
Created by: 1196925183 on 2009-09-23



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