| A | B |
|---|
| Real Property | land,soil, water, airspace |
| Fixtures | attached to real property |
| Fee Simple Absolute | greatestownership interest |
| Life Estate | Rt.of poss.use of land for duration of life of person |
| Future Interest | interest in RP that may or will become possessory in future |
| Easement | non-possessory rt.to use another's property |
| Profit | Rt. to enter and remove things from another's property |
| License | revocable rt. or privilege |
| Deed | document that conveys legal title to real property |
| Warranty Deed | best type of deed |
| Quitclaim Deed | a deed with no warranties on title |
| Adverse Possession | acquiring title to real property by occupying it without consent of owner for a certain period of time |
| Eminent Domain | the power of a sovereign government to take land from private citizens |
| Lease | a contract by which the owner of real property grants to a person an exclusive rt.to use and possess property for a period of time in return for rent |
| Covenant of Quiet Enjoyment | Landlord must insure no one can disturb tenant's possession & use of property |
| Eviction | landlord deprives tenant of use & possession of leased property |
| Common Areas | all areas used by or accessible to all tenants |
| Warranty of Habitability | rented residential premises fit for human habitation |
| Assignment | an agreement by tenant to transfer all rt.,title, & interest in lease |
| Sublease | a lease executed by tenant to a third person which conveys less than tenant's full interest in lease |
