Basic Estate and Tenancy Definitions - Flashcards

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5 Terms

1
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Estate

Legal interest or right one has in the land; intangible and immeasurable

2
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Tenancy

Possession (rather than ownership) of property

3
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Interest

Right or claim a person has to property

4
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Fee simple absolute

Form of real property ownership; fee simple is absolute ownership and most common form

5
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Title

Evidence of ownership of a property