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Created by Marty Baum
Horizontales
A contract in which all of the terms and conditions have been fulfilled. This is called an _______ Contract
A legal principle that prevents someone from arguing something or asserting a right that contradicts what they previously said or agreed by law
A valid contract with all the essential elements present, that is binding on all parties and can be enforced through a court of law. This is called an _________ Contract
Growing crops that are considered personal property which may be removed by a tenant at the expiration of his lease. This is called an _________
The degree, quantity, nature, and extent of the interest that a person has in real property
Something physical illegally extending from one property line to another without the permission of the person who"s property it is on
This refers to a person's right to obtain full ownership of a property or property interest. This is often contrasted with or used in conjunction with the term "Legal Title". This is called ________ Title
Gradual wearing away of land through processes of nature
The right of the government to take private property for the betterment of the public. This is called _______ Domain
The potential rental income a property could receive on the open market as of the effective date of an appraisal. This is called _______ Rent
A person named in a will to oversee the provisions
Reversion of property to the state upon the death of an owner who has no will or heirs able to inherit
Verticales
One who works under the supervision and control of another
A claim, charge, or liability that attaches to real estate and may lessen the value, however, it does not necessarily prevent transfer of the property
This is a clause in a contract that states that the buyer will pay a certain amount of money above the highest offer the seller receives. This is called an _______ Clause
The right to use the land of another for a particular reason
The promises in the contract have been made but not fulfilled yet. These are called _________ Contracts
These contracts can be in writing or verbal. These are known as _______ Contracts
A court action to remove one from possession of real property. Most commonly, the removal of a tenant
Good faith money put up by buyer that can be forfeited to the seller in case of a breach by the buyer. This is called _______ Money