Across
- 4. any claim, right, or interest held by a party who is not the legal owner of the property; a non-possessory interest (i.e. liens, mortgages, easements, and encroachments)
- 5. Real estate is defined as land plus ___________. ____________ include improvements, rights, interest, fixtures, and privileges.
- 7. the _________ tenant is receiving the benefit of the easement.
- 9. Personal property is transferred by ________
- 11. a claim on land to secure payment of a debt ; has financial interest in property.
- 12. the _________tenant is SERVING the other property owner and allowing their land to be used for a specific purpose.
- 14. all own and have equal shares, surviving owners inherit shares
- 20. is the government's right to take property that has been abandoned
- 21. AKA Cost recovery. Residential is calculated over 27.5 years, commercial over 39.
Down
- 1. Real estate is transferred by ___________
- 2. in a rectangular (__________) survey, parcels of land are located within a grid system based on its location with reference to Meridian and ranges (which run north-south) and baselines and tiers(which run east-west)
- 3. There are 43,560 Square feet in an ______
- 6. A loan with less than 20% down will usually require _____________
- 8. shares passed to heirs
- 10. The most complete form of ownership rights that allow an owner to occupy a parcel of real estate forever
- 13. the right to use the land of another for a specific purpose, transfers with the deed. (i.e. driveway crossing a neighbors land for ingress and egress).
- 15. Acronym to help real estate agents remember every key point surrounding fiduciary duty
- 16. Acronym for government rights in land
- 17. is the unauthorized use of another person's land or a physical object intruding on neighbors property.
- 18. 1% of the loan amount
- 19. an acronym representing the four main components of a typical monthly mortgage payment