Ownership in Severalty
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meaning that only one person or legal entity holds the title to that property
NYC Bedbug Disclosure
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new law requires owners and landlord property within the city of NY to
disclose bedbug infestation history of property
Building specifications
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writing on the blueprint
Article 12A - 443
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specifically lists issues that are not considered to be material facts or
defects related to any property offered for sale or lease
covenant of quiet enjoyment
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ensures grantee can possess the land without claims of title from others
and will not be disturbed
Chlorofluorocarbons (CFC)
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a gas used by a machine which turns air into cold air, found in refrigerators
and air conditioners
Riparian and Littoral Rights
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rights of land contiguous to a body of water. Flowing body of water, like
river = riparian. If it has a tide, then it's a lake like littoral
When does the agency disclosure form get presented?
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Form must be used at the first substantive contact with a buyer and seller
before does business with them (first face to face meeting)
Market value
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the most probable price the house should sell for today
Interstate Land Sales Full Disclosure Act
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protects consumers from fraud and abuse in the sale or lease of land
Intestate
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owner dies without a will, descends to natural heirs
Article 78
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zoning in that area is being challenged and going to court through these
proceedings
Fee Simple Estate (Fee Title/Fee Simple Absolute)
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the fullest freehold estate interest that exists in real property
Doctrine of Laches
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loss of legal rights occurs due to failure to assert rights in a timely manner
Easement by Prescription
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Give this one a try later!
meaning that only one person or legal entity holds the title to that property
NYC Bedbug Disclosure
Give this one a try later!
new law requires owners and landlord property within the city of NY to
disclose bedbug infestation history of property
Building specifications
,Give this one a try later!
writing on the blueprint
Article 12A - 443
Give this one a try later!
specifically lists issues that are not considered to be material facts or
defects related to any property offered for sale or lease
covenant of quiet enjoyment
Give this one a try later!
ensures grantee can possess the land without claims of title from others
and will not be disturbed
Chlorofluorocarbons (CFC)
Give this one a try later!
a gas used by a machine which turns air into cold air, found in refrigerators
and air conditioners
Riparian and Littoral Rights
,Give this one a try later!
rights of land contiguous to a body of water. Flowing body of water, like
river = riparian. If it has a tide, then it's a lake like littoral
When does the agency disclosure form get presented?
Give this one a try later!
Form must be used at the first substantive contact with a buyer and seller
before does business with them (first face to face meeting)
Market value
Give this one a try later!
the most probable price the house should sell for today
Interstate Land Sales Full Disclosure Act
Give this one a try later!
protects consumers from fraud and abuse in the sale or lease of land
Intestate
, Give this one a try later!
owner dies without a will, descends to natural heirs
Article 78
Give this one a try later!
zoning in that area is being challenged and going to court through these
proceedings
Fee Simple Estate (Fee Title/Fee Simple Absolute)
Give this one a try later!
the fullest freehold estate interest that exists in real property
Doctrine of Laches
Give this one a try later!
loss of legal rights occurs due to failure to assert rights in a timely manner
Easement by Prescription
Give this one a try later!
