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BusLawVocats9.02
| Question | Answer |
|---|---|
| adopted by cities or counties to regulate the location of residential, business, and industrial districts | Zoning ordinances |
| the obligation of a landlord to make repairs necessary to keep the premises fit to live in. Housing codes may prescribe in detail the required conditions of property | Warranty of habitability |
| a deed that expressly warrants that the title is clear, without undisclosed claims or encumbrances and that the grantor has the legal ability to transfer the realty described | Warranty deed |
| party who wrongfully retains the lost or stolen property of another, includes using bailed property for unauthorized purpose or refusing to return property | Tortious bailee |
| the right of ownership to goods | Title |
| the person receiving temporary possession of realty in a lease | Tenant |
| when the tenant of a property leases all of the property to a third person for a period of time that is less than that remaining on the lease, or leases part of the property to a third person for part or all of the terms remaining on the lease | Subletting |
| a landlord’s requirement of payment in advance of occupancy that is held to pay for any future unpaid rents or property damage caused by the tenant | Security deposit |
| a promise, usually made in writing, by the buyer to the seller that limits the use of land in some way | Restrictive covenant |
| the consideration given in return for temporary possession of anothers real property | Rent |
| land building, and those things permanently affixed to them | Real Property |
| a deed that transfers only whatever interest the grantor has in the property and does not warrant that the grantor has any interest | Quitclaim |
| a thing, real or personal, tangible or intangible, that is subject to ownership and a group of related legal rights | Property |
| the government’s right to regulate the use of real property for the public welfare, morals and health | Police power |
| something that is either movable or intangible and the right to use such things | Personal Property |
| ordinances enacted by communities to regulate the use of a property owner’s land when the use has an objectionable effect on other people | Nuisance Laws |
| the right of an owner of property to an increase in that property | Accession |
| when the land of another private person is adversely and exclusively possessed in an open and notorious way | Adverse Possession |
| a tenant’s transfer of the remaining time on a lease | Assignment |
| the party who accepts temporary possession and control of another person’s property for a specified purpose | Bailee |
| the transfer of possession without the transfer of ownership | Bailment |
| the party who temporarily gives up possession of the property | Bailor |
| a party that agrees, for a fee, to transport goods for anyone who applies, provided the goods are lawful and fit for shipment | Common Carrier |
| if landlord fails to perform duties and tenant refuses to pay rent and abandons premise due to the breach of contract | Constructive Eviction |
| traction in which real estate is transferred from grantor to grantee by deed | Conveyance |
| the formal written document used to transfer legal ownership of real property | Deed |
| irrevocable rights to the limited use of anothers land | Easements |
| the power of the government to take private property for public use in exchange for the fair market price | Eminent domain |
| the difference between the fair market \value of the property and the debt in the property | Equity |
| the depositing of money, legal documents, and instructions with a third party to be held until the conditions of a contract are fulfilled | Esgrow |
| the owner of a property blocks a tenant from possession of all the real property | Eviction |
| items of personal property that are attached or annexed to real property | Fixtures |
| the action by a mortgage holder to seize the mortgage property in payment of a debt | Foreclosure |
| one to whom a deed is given | Grantee |
| individual who conveys the ownership rights of real property | Grantor |
| a bailment in which only one of the parties benefits | Gratuitous bailment |
| the person conveying temporary possession of realty in a lease | Landlord |
| an agreement in which one party receives temporary possession of another’s real property in exchange for rent | Lease |
| a loan for real property | Mortgage |
| a bailment in which consideration is given and received by both the bailor and bailee | Mutual benefit bailment |
Created by:
melinda.fornes
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