| A | B |
|---|
| Accession | the right of an owner of property to an increase in that property |
| Adverse possession | when the land of another private person is adversely and exclusively possessed in an open and notorious way |
| Assignment | a tenant's transfer of the remaining time on a lease |
| Bailee | the party who accepts temporary possession and control of another person's property for a specified purpose |
| Bailee's lien | when a bailee entitled to payment retains possession until paid |
| Bailment | the transfer of possession without the transfer of ownership |
| Bailor | the party who temporarily gives up possession of the property |
| Common carrier | a party that agrees, for a fee, to transport goods for anyone who applies, provided the goods are lawful and fit for shipment |
| Constructive eviction | if landlord fails to perform duties and tenant refuses to pay rent and abandons premise due to the breach of contract |
| Conveyance | traction in which real estate is transferred from grantor to grantee by deed |
| Covenants | the description in a lease of the rights and duties of the landlord and tenant |
| Deed | the formal written document used to transfer legal ownership of real property |
| Easements | irrevocable rights to the limited use of another's land |
| Eminent domain | the power of the government to take private property for public use in exchange for the fair market price |
| Equity | the difference between the fair market value of the property and the debt in the property |
| Escrow | the depositing of money, legal documents, and instructions with a third party to be held until the conditions of a contract are fulfilled |
| Escrow agent | the neutral third party who conducts the closing in real property sales |
| Eviction | the owner of a property blocks a tenant from possession of all the real property |
| Fixtures | items of personal property that are attached or annexed to real property |
| Foreclosure | the action by a mortgage holder to seize the mortgage property in payment of a debt |
| Grantee | the one to whom a deed is given |
| Grantor | the individual who conveys the ownership rights of real property |
| Gratuitous bailment | a bailment in which only one of the parties benefits |
| Landlord | the person conveying temporary possession of realty in a lease |
| Lease | an agreement in which one party receives temporary possession of another's real property in exchange for rent |
| Lost property | property which the owner unknowingly leaves somewhere or accidentally drop |
| Mislaid property | property that is intentionally placed somewhere, but then forgotten |
| Mortgage | a loan for real property |
| Mutual benefit bailment | a bailment in which consideration is given and received by both the bailor and bailee |
| Nuisance laws | ordinances enacted by communities to regulate the use of a property owner's land when the use has an objectionable effect on other people |
| Personal property | something that is either moveable or intangible and the right to use such things |
| Police power | the government's right to regulate the use of real property for the public welfare, morals and health |
| Property | a thing, real, or personal, tangible or intangible, that is subject to ownership and a group of related legal rights |
| Quitclaim deed | transfers only whatever interest the grantor has in the property and does not warrant that the grantor has any interest |
| Real property | land building, and those things permanently affixed to them |
| Rent | the consideration given in return for temporary possession of another's real property |
| Restrictive covenant | a promise, usually made in writing, by the buyer to the seller that limits the use of land in some way |
| Security deposit | a landlord's requirement of payment in advance of occupancy that is held to pay for any future unpaid rents or property damage caused by the tenant |
| 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 remaining on the lease, or leases part of the property to a third person for part or all of the terms remaining on the lease |
| Tenant | the person receiving temporary possession of realty in a lease |
| Title | the right of ownership to goods |
| Tortious bailee | party who wrongfully retains the lost or stolen property of another, includes using bailed property for unauthorized purpose or refusing to return property |
| Warranty deed | a deed that expressly warrants that the title is clear, without undisclosed claims or encumbrances and that the grantor has the legal ability to transfer the realty described |
| Warranty of habitability | the obligation of a landlord to make repairs necessary to keep the premises fit to live in. Housing codes may prescribe in detail the required conditions of property |
| Zoning ordinances | adopted by cities or counties to regulate the location of residential, business, and industrial districts |
