Real property
Land + improvements + rights.
Public flashcard set
Real Estate Basics
Core property vocabulary.
real-estate exam career
Flashcards
Personal property
Movable items (chattel).
Fixture
Personal property attached becoming real.
Bundle of rights
Possess, use, transfer, exclude, encumber.
Fee simple
Highest ownership estate.
Life estate
Ownership for someone's lifetime.
Leasehold
Tenant's right to possess for term.
Easement
Right to use another's land for purpose.
Encumbrance
Claim/lien/limitation on title.
Lien
Financial claim against property.
Title
Ownership evidence/rights.
Deed
Document that transfers title.
Survey
Measures boundaries and improvements.
Legal description
Precise property identification.