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Property II

Have fun reviewing!!!!
Prof. Brown 2020 
Brought to you by CJT.

Horizontales
a freely revocable, mere privilege to enter another’s land for some narrow purpose; not subject to the SOFs.
Created when tenant remains in possession after conclusion of the tenancy.
A person who rents land, a building, or an apartment to a tenant.
security for some other obligation; provides that the mortgagee may sell the mortgaged property if the promise is not performed.
The difference between the purchase price and the market value of the property at the time of the breach.
The cure to an unconscionable injury or an unjust enrichment.
a person who occupies land or property rented from a landlord.
a right to, interest in, or legal liability on property that does not prohibit passing title to the property but that may diminish its value.
mortgagor’s current interest in the property – home value minus amount owed on mortgage.
Verticales
When a tenant transfers part of leasehold interest to another tenant
Lender.
Covenant that the tenant shall have the right of possession, occupancy, and beneficial use of every portion of the leased premises
The legal process between a homeowner in default on a mortgage is deprived of interest in the property.
a contractual arrangement calling for the lessee to pay the lessor for use of property.
a voluntary transactional relationship between two or more people or entities.