LEGA TERM FINAL Word Scramble

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LEGA TERM FINAL

LEGAL TERMS CRIMINAL LAW AND PROPERTY LAW

Question	Answer
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:

Myra Lynn Alicea on 2009-09-23