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BusLawVocats9.02
Question | Answer |
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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 |