Appraisal Foundations 2

2. The way in which you hold title, or the method by which you hold title.
3. The most complete form of ownership with unlimited duration and subject only to government powers.
4. An ownership interest in real property that only exists for the life of any designated person or persons (often the grantee).
5. An interest, share, right, or equity in real estate that varies from the minimal right of a renter to the maximum right of a full owner.
7. Means an owner has transferred all rights of a property to a new owner for an indefinite duration of time(perpetual); title is limited only by the four government powers).
10. An easement created for and beneficial to the owner of adjoining or attached lands.
13. Real property with an undetermined duration of present or future possession (ownership).
15. A fee estate that is subject to particular limitations imposed by the grantor of the estate.
16. Evidence of the right to possess a parcel of real property.

1. Where a fee simple has a duration placed on it that may cut short the fee simple in favor of the Grantor, and where that fee simple automatically reverts to the Grantor.
5. An easement not attached to any particular land; it is an easement created for the benefit of others who do not own adjoining oe attached lands.
6. A fee estate that is subject to divestment in favor of a reversionary future interest called the right of entry (also called a power of termination).
8. The land that obtains the benefits of the easement.
9. The land that gives the easement fir the benefit of another.
11. A right, priviledge, or interest that one party has in the land of another, created for a specific purpose by grant, agreement, or necessary.
12. A development right that is separated from a landowner's bundle-of-rights and transferred, generally by sale, to another landowner in another location.
14. The placing of a person's or persons' name(s) on the deed and the description of the method by which they will hold title.