Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how


RE Legal Unit 03Terms

interest Various rights, privileges, powers, and immunities with respect to real property
possessory interest Present right to physically occupy land and to exclude others from that same land
present interest Interest in land that can be exercised by the owner today
future interest Interest that cannot be exercised today, but which might be exercised in the future
estate The quantity, quality, degree, and nature of a person’s interest in real property that may become possessory
freehold estate Estate with indefinite duration or that is measured by the length of someone’s life
nonfreehold estate Estate with a fixed or determinable duration
fee simple absolute Freehold estate that includes all rights to sell, exclude others, finance, and do any other thing with real property allowed by law
fee simple determinable Freehold estate with present possessory interest in a grantee with a reversionary interest in the grantor
life estate Freehold interest that allows the owner to live on a parcel until death, but that cannot be bequeathed via a will
periodic tenancy Leasehold interest for an indefinite period of time
tenancy for years Leasehold interest with a fixed term and definite end date
encumbrance Interest in real property that is held by someone who is not the owner
financial encumbrances Encumbrance that affects title to property
judgment creditor Party to a lawsuit who obtains a money judgment against the other party
abstract of judgment One-page, recordable document that contains information about a court judgment
writ of execution Document directing the sheriff to commence a lien-sale of a parcel of real property
non-financial encumbrance Encumbrance that affects the physical use or condition of the property
easement Interest for use owned by one person in the land of another person
dominant tenement Land benefiting from an easement
servient tenement Land burdened by an easement
license Permissive use of land that is freely revocable by the grantor
appurtenant easement Easement that “runs with the land
easement in gross Easement that is a personal right of one person to use land owned by another
profit-à-prendre Right to enter another’s land to remove soil, substances of the soil, or other resource
CC&Rs Rules and regulations established for a parcel of land and accepted by the owner when the property is purchased or transferred
covenant Promise that a certain act will, or will not, be performed
condition Limitation imposed by a grantor in a deed that can cause the ownership of the property to revert to the grantor who imposes the condition if the condition is not satisfied
homestead property Home, occupied by a family, exempt from the claims of unsecured creditors
Declaration of Homestead Recorded notice to protect the equity in a home from forced sale by unsecured creditors
Created by: julietmongia
Popular Real Estate sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards