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RightsOfOwnershipKeyTerms.txt
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The right to ownership is?
Title
The extent of interest a person has in real estate is?
Estate
Method of taking title is?
Ownership
An estate that lasts for a fixed period of time (rent or lease) is?
Lease Hold
An estate in real property that could last an indefinite duration is?
Free Hold
Interest of ownership that a wife has in the real estate of her deceased husband is?
Dower
Interest of ownership that a husband has in the real estate of his deceased wife is?
Curtesy
Life estate in real estate occupied as the family home is?
Homestead
Life estate contingent on the life of someone other than the grantee is?
Pur Autre Vie
Dies with no will is called?
Intestate
When a court divides property due to a dispute regarding the use or sale of the property is called?
Judicial Partition
Real and personal property owned solely by either spouse before marriage is?
Seperate Property
Property attained after marriage is?
Community Property
When the interest of a property is equally divided between its surviving owners or remaining owner this is exercising?
Right Of Survivorship
A living trust is called?
Inter Vivos Trust
A trust that become effective after a person dies is?
Testamentary Trust
Author
EvanWong
ID
93914
Card Set
RightsOfOwnershipKeyTerms.txt
Description
Rights Of Ownership Key Terms p.202
Updated
2011-07-13T19:12:30Z
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