A | B |
doctrine of capture | Grants ownership of natural fluid minerals to the party who extracts them. |
easements | Irrevocable rights to some limited use of another’s land. |
restrictive covenant | A promise, usually made in writing, by the buyer to the seller that limits the use of land in some way. |
zoning ordinances | Adopted by cities or counties to regulate the location of residential, business, and industrial districts. |
spot zoning | The treatment of a single property in a manner inconsistent with the treatment of similar properties in the area. |
variance | May be granted by a city or a county to allow a landowner to make some use of his or her land that is inconsistent with the general zoning ordinance. |
trespass | Occurs when a person is on another’s land without a right to be there. |
estate | The bundle of ownership rights in, and powers over, realty. |
conveyance | A transaction in which an estate is transferred from a grantor to a grantee by deed. |
fee simple absolute | Greatest possible bundle of rights and interests in realty. |
deed | The legal document used to transfer ownership of real property. |
adverse possession | Method of acquiring title to another’s land by continuously occupying it in an adverse, open, and notorious fashion for a prescribed number of years. |
eminent domain | The power of the government to take private property for public use in exchange for the fair market price. |
lease | An agreement in which one party receives temporary possession of another’s real property in exchange for rent. |
rent | The consideration given in return for temporary possession of another’s real property. |
landlord | The person conveying possession of realty in a lease. |
tenant | The person receiving possession of realty in a lease. |
eviction | The owner of a property blocks a tenant from possession of all the real property. |
subletting | When the tenant of a property leases all of the property to a third person for a period of time that is less than that remaining on the lease, or leases part of the property to a third person for part or all of the term remaining on the lease. |