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Chapter 3 - Principles 1

Pioneer School of Real Estate
Horizontales
__ water is owned by the party who owns the property.
__ surface water is water that falls onto a property by natural means.
In a __ estate, the duration of the owner's rights cannot be determined.
__ rights concern properties next to bodies of water that are not moving such as lakes.
If a life estate names a third party to receive title to the property upon termination of the life estate, the party enjoys a future interest called a __ interest.
A __ lien attaches to a single item of real or personal property, and does not affect other property owned by the debtor.
The creator of the life estate may name a __ as the person to whom the property will pass when the life estate ends.
A Fee Simple __ has conditions and the deed contains limitations to use. If violated, the estate automatically reverts back to the grantor or heirs.
Individual ownership, often known as Fee Simple __, provides the owner with maximum control and flexibility over the property.
An __ is the right to use the land of another for a particular purpose.
The major forms of legal life estate are the homestead, dower and curtesy, and __ share.
__ rights concern properties abutting moving water such as streams and rivers.
The request for homestead exemption is filed with the __ appraisal district.
Verticales
__ water flows on the surface of the ground in a watercourse.
The __ of Prior Appropriation has made it so that the state legally owns and controls all bodies of water.
__ is a legal life estate that protects some amount of real and personal property from creditors.
An easement __ gives a property owner a right of usage to portions of an adjoining property owned by another party.
An easement that is created when an owner sells a parcel of land that has no access to a street except over the seller's remaining land is an easement by __.
A lien attaches to the __.
The debtor who owns the property is the __.
A __ lien is a legal claim against property, used to secure payment for unpaid labor or materials used in improvements or repairs
A creditor's claim or legal right against personal or real property as security for a debt of the borrower is known as a __.
The type of easement that is a right-of-way for a utility company's power lines is an easement in __.