Unit 1 Exam Review Flashcards

A set of vocabulary flashcards covering real estate concepts, property laws, and survey systems from the Unit 1 Exam review.

Easement in gross

A specific encumbrance not tied to debt repayment.

Judgment lien

A type of general lien.

Trust deed

A form of secured debt.

Mortgage

A form of secured debt.

Fixtures

Items that are attached to the property, such as wooden shutters or a tree that has been planted in the ground.

Personal property

Items not attached to the property, such as a piano or a potted tree.

Property tax lien

A lien that has the highest priority over all other liens, including a $5,000$ property tax lien.

Government survey system grid

A grid system formed by base, meridian, ranges, and tiers.

Section

A unit in the rectangular survey system containing $640$ acres.

Quarter section

A unit in the rectangular survey system containing $160$ acres.

Quarter-quarter section

A unit in the rectangular survey system containing $40$ acres.

Dominant tenement

The estate that benefits from an appurtenant easement; the owner of this tenement is the one who signs a deed to release the easement.

Emblements

A doctrine stating that annual crops belong to the tenant farmer, allowing them to return and harvest even after a lease ends.

Torrance

A title registration system, not a method for legal description.