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| Term | Definition |
|---|---|
| Accession | the right of owner property |
| Adverse possession | when the land of another private property person is adversely and exclusibely possessed in an open and notorious way |
| Assignment | transfer of the remaining time on a lease |
| Bailee | temporary possession property that belongs to someone else. |
| Bailee’s lien | balie entitled to payment retains possession |
| Bailment | an agreement by the temporary delivery of personal property by the owners to someone who is not the owner for a specific purpose |
| Bailor | owners of property who gives up possession to someone else temporarily . |
| Common carrier | a fee transport goods who applies for shipment |
| Constructive eviction | if landlord fails to perform duties and tenant refuses to pay rent and abandons premise due to the breach of contract |
| Conveyance | traction in which real estate transferred by a deed. |
| Covenants | leases of the rights and duties and of the landlord |
| Deed | a written document transfer legal ownership |
| Easements | rights to limit use another land |
| Eminent domain | the power of the governemnt to take private property for public use in exchange for the fiar market price |
| Equity | difference between fair market value property debt |
| Escrow | depositing of money, legal documents, and instructions with a third party to be held until the conditions of a contract are fulfilled |
| Escrow agent | neutral third party two conducts the closing real property |
| Eviction | the oowner of a property blocks a tenant from possession of all the real property |
| Fixtures | items of personal property that are attached or annexed to real property |
| Foreclosure | items property that are attached |
| Grantee | the one whom deed is given to |
| Grantor | individual who conveys the ownership rights real property |
| Gratuitous bailment | a bailment in which only one of the parties benefits |
| Landlord | person temporary possession in a lease |
| Lease | agreement that one party receives temporary possession another real property |
| Lost property | a owner unknowings leaves somewhere |
| Mislaid property | property that places somewhere but then forgotten |
| Mortgage | a loan or real property |
| Mutual benefit bailment | consideration is given and received by both the bailor and bailee |
| Nuisance laws | communities to regulate the use of property of owners land |
| Personal property | something that intangible the rights use such things |
| Police power | the government's right to regulate the use of real property for the public welfare, morals and health |
| Property | real or person tangible of subject to ownership or group related legal rights |
| Quitclaim deed | whatever interest the grantor has in property and does not warrant that the grantor has any interest |
| Real property | land building and those things permanently affixed |
| Rent | the considering given return by the buyers to the sellers limits |
| Restrictive covenant | made in writing by the buyer to the seller that limits the use of land |
| Security deposit | payment advance of occupancy that is held pay unpaid rent |
| Subletting | property lease of all property |
| Tenant | person receiving temporary possession |
| Title | the owership of goods |
| Tortious bailee | the lost or stolen property of anotherm includes using bailed property for unauthorized purpose or refusing to return property |
| Warranty deed | deed that expressly warrants that the title is clear, without undisclosed claims or encumbrances |
| Warranty of habitability | landlord to make repairs on necessary housing codes |
| Zoning ordinances | counties to regulate the location or esidential, business, and industrial districts |
Created by:
owens1995