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Flashcards related to real property and real estate law.

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7 Terms

1
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Mechanic's Lien

A claim against a property made by someone who provided labor or materials for its improvement, ensuring they are paid.

2
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General Lien

A lien that affects all of the debtor's property, both real and personal.

3
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Easement

A right to cross or otherwise use someone else's land for a specified purpose.

4
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Abandonment

Voluntary relinquishment of rights of ownership or another interest.

5
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Life Estate

An estate granted for the duration of someone's life.

6
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Life Tenant

The holder of a life estate.

7
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Freehold Estate

An estate in land that is unlimited in duration.