Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
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

Ma Real Estate J&L-1

Terms & Definitions J & L-1

Joint Tenancy A type of concurrent estate (2 or more persons) with co-owners having equal rights. Upon the death of one party interest passes to the surviving party (Right of Survivorship).
Judicial Deed Deed issued by a court appointed official.
Junior Mortgage Any mortgage that takes second priority to another lien on the property.
Laches Doctrine that action was not taken in a reasonable period of time. Similar to statute of limitations where time is specified.
Land Court Certificate Document issued by the land court as a result of a court decision under the Torrens System.
Lead Paint Notification Form Mass lead paint law M. G. L chapter 111 requires the real estate broker, or salesperson needs to notify prospective purchaser, of residential real estate of the dangers of lead paint, and to obtain their signature on a form documenting this action.
Lease An agreement (written or verbal) between an owner (Lessor), and the tenant (Lessee) to grant the exclusive right of occupancy to real property, for a specific period of time.
Lease Option A clause in lease, that gives the tenant the right to buy the property under certain conditions.
Lease Purchase A transfer of ownership, that begins as a lease and ends with the purchase of the property by the lessee.
Leased Fee Estate The estate or rights the lessor has leased to the lessee.
Legal Description Description of property sufficient to identify what is being conveyed. Three types are: 1) Metes & Bounds, 2) Lot & Block, 3) Government Survey.
Legality Quality of being within the law. A contract with an illegal element is void.
Legal Title Interest obtained by the grantee, when the deed is signed and delivered (compared to equitable title).
Created by: medct