Nonpossessory Interests in Real Property

Flashcards about Nonpossessory Interests in Real Property

Easement Appurtenant

The right acquired by the owner of one parcel of land to use another’s adjacent land for a specific purpose; runs with the land.

Involuntary Lien

A lien arising by operation of law without the owner’s consent.

Servient Tenement

Property burdened by an easement.

Dominant Tenement

Property that receives the benefit of an appurtenant easement.

Judgment Lien

A court-ordered recorded claim against another for a wrongful act.

Encumbrance

Any claim, lien, charge, or liability that affects or limits the fee simple title to real property.

License

A revocable, non-assignable permission to enter another person’s land for a particular purpose.

Ad Valorem

Tax based on the assessed value of property.

Lis Pendens

A recorded notice stating that there is a lawsuit pending that may affect title to the defendant’s estate.

Special Assessment

A tax levied only against properties that benefit from a public improvement.

General Lien

A lien against all property of a debtor.

Specific Lien

A lien that attaches only to a particular piece of property.

Dominant Tenant

A person with easement rights on another person’s property.

Subordination Agreement

A written understanding between lienholders on a property that changes the priority of liens.

Encroachment

A physical object intruding onto neighboring property, often due to a mistake regarding the boundary.

Lien

A nonpossessory interest in property giving the holder the right to foreclose if the owner does not pay a debt.

Easement

A nonpossessory interest that grants the right to access the real property of someone else.

Mechanic’s Lien

A specific lien claimed by someone who performed work on the property and has not been paid.

Prescriptive Easement

Created by open, notorious, and hostile use of another person’s property.