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Chapter 4 & 5 Terms
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CERCLA
superfund, this federal legislation created a trust fund designed to finance the activities of the Envoronmental Protection Agency
Ad valorem taxes
taxes assessed against a real property; usually measured by the value of the real property being taxed
Eminent domain
power of govt. to take private property for public use
Encumbrance
a claim, charge, or liability on property, such as a lien or mortgage that lowers its value
Lien
money debt attatched to real property
Prescriptive easement
easement create when a persons use real property for a period of time without the owner's permission
Servient tenement
parcel of land on which an appurtenant easement is located
Dominant tenement
parcel of land benefited by an appurtenant easement
Easement
right granted to a nonowner of real property to use the real property for a specific purpose
license
a revocable privilege or permission to do an act or series of acts on land possessed by another
Author
kikicutler
ID
7053
Card Set
Chapter 4 & 5 Terms
Description
Real Estate
Updated
2010-02-16T15:42:36Z
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