appraisal - ANSWERevaluation or estimation of worth
gestation period - ANSWERthe time between conception of the idea for a development project and
its completion and entry into the available property
personal property/chattel - ANSWERmovable items such as automobiles
Township - ANSWERa square 6 miles on each side (total 36 sq miles)
Sections - ANSWERrectangular survey system splits each township into 36 equal sized sections
How many square feet are in an acre? - ANSWER43,560 square feet
CC&Rs - ANSWERcovenants, conditions, and restrictions
real estate - ANSWERland and any structures that are attached to it
real property - ANSWERthe legal interests associated with the ownership of real estate
6 most important things in real estate - ANSWERLocation, Location, Location, Timing, Timing, Timing
Riparian Rights - ANSWERAn owner's rights in land that borders on or includes a stream, river, or
lake. These rights include access to and use of the water (as long as they do not deprive others of the
same rights)
Prior Appropriation Doctrine - ANSWERA water allocation scheme that grants the rights to water to
the first who uses the water for some beneficial economic purpose
, Estates in Land - ANSWEROwnership rights in real property, bundle of legal rights that the owner has
to possess, use and enjoy the property. The type of estate is determined from the deed, will, lease or
other document that transferred the ownership rights
5 principal classifications of real estate in private marketplace - ANSWER1. owner-occupied
residential
2. renter-occupied residential
3. commercial
4. industrial
5. farm and other open land
The most crucial test used to determine whether an item is a fixture is the - ANSWERtest of intent of
parties
Owners of land that adjoins navigable bodies of water are referred to as - ANSWERlittoral proprietors
Littoral proprietors - ANSWEROwners of land that adjoins navigable bodies of water
Freehold Estate - ANSWERAn estate in land in which ownership is for an indeterminate length of
time, in contrast to a leasehold estate. (ownership interests in real property)
Leasehold Estate - ANSWERAn estate that gives the holder (Tenant) a temporary right to possession,
without title.
fee simple absolute estate - ANSWERthe fullest and most complete set of ownership rights one can
possess in real property. Is alienable, devisable, and descendible
Qualified Fee Estate - ANSWERA fee estate that is subject to certain limitations imposed by the
person creating the estate
The future interest that is held by the grantor at the termination of a life estate which he or she has
granted someone else is a - ANSWERreversion
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
