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ASREB UNIT 2 Questions and Answers 100% Pass
Adverse Possession - CORRECT ANSWER - A statutory method of acquiring title
to or acquiring an interest in the property of another
Conservation Easement - CORRECT ANSWER - An agreement that limits certain
types of uses or prevents development from taking place on the property while the
land remains in private ownership.
Covenant - CORRECT ANSWER - a legally enforceable agreement between two
or more parties about how to use a piece of real property.
Deed Restriction - CORRECT ANSWER - A provision in a deed that limits or
places rules on how the deeded property may be used or improved.
Dominant Parcel - CORRECT ANSWER - a parcel that benefits from a servient
parcel in an easement appurtenant
Easement Appurtenant - CORRECT ANSWER - A right across one property for
benefit of the adjacent property.
Easement by necessity - CORRECT ANSWER - Created when the easement is
indispensible to the dominant tenement
Easement in Gross - CORRECT ANSWER - A right of use in the land of another
without the requirement that the holder of the right own adjoining land.
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Easement Personal - CORRECT ANSWER - One party has permission (license) to
cross or use another's property
Easements - CORRECT ANSWER - Non-possessory interest in land involving a
right to use the land.
Encroachment - CORRECT ANSWER - intrusion on a person's territory, rights,
etc.
Encumbrance - CORRECT ANSWER - Any claim, lien, charge, or liability that
affects or limits the fee simple title to real property.
General Lien - CORRECT ANSWER - A lien that attaches to all property owned
by an individual. Real and personal.
Income Tax Lien - CORRECT ANSWER - Lien for non payment of income tax to
the IRS
Involuntary Lien - CORRECT ANSWER - A lien that arises by operation of law,
without the consent of the property owner.
Judgement Lien - CORRECT ANSWER - Court ordered liens
Liens - CORRECT ANSWER - A charge or claim which one person has upon the
property of another as security for a debt or obligation
Prespective Easement - CORRECT ANSWER - created by open and notorious,
hostile, and adverse use of another person's land
ASREB UNIT 2 Questions and Answers 100% Pass
Adverse Possession - CORRECT ANSWER - A statutory method of acquiring title
to or acquiring an interest in the property of another
Conservation Easement - CORRECT ANSWER - An agreement that limits certain
types of uses or prevents development from taking place on the property while the
land remains in private ownership.
Covenant - CORRECT ANSWER - a legally enforceable agreement between two
or more parties about how to use a piece of real property.
Deed Restriction - CORRECT ANSWER - A provision in a deed that limits or
places rules on how the deeded property may be used or improved.
Dominant Parcel - CORRECT ANSWER - a parcel that benefits from a servient
parcel in an easement appurtenant
Easement Appurtenant - CORRECT ANSWER - A right across one property for
benefit of the adjacent property.
Easement by necessity - CORRECT ANSWER - Created when the easement is
indispensible to the dominant tenement
Easement in Gross - CORRECT ANSWER - A right of use in the land of another
without the requirement that the holder of the right own adjoining land.
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Easement Personal - CORRECT ANSWER - One party has permission (license) to
cross or use another's property
Easements - CORRECT ANSWER - Non-possessory interest in land involving a
right to use the land.
Encroachment - CORRECT ANSWER - intrusion on a person's territory, rights,
etc.
Encumbrance - CORRECT ANSWER - Any claim, lien, charge, or liability that
affects or limits the fee simple title to real property.
General Lien - CORRECT ANSWER - A lien that attaches to all property owned
by an individual. Real and personal.
Income Tax Lien - CORRECT ANSWER - Lien for non payment of income tax to
the IRS
Involuntary Lien - CORRECT ANSWER - A lien that arises by operation of law,
without the consent of the property owner.
Judgement Lien - CORRECT ANSWER - Court ordered liens
Liens - CORRECT ANSWER - A charge or claim which one person has upon the
property of another as security for a debt or obligation
Prespective Easement - CORRECT ANSWER - created by open and notorious,
hostile, and adverse use of another person's land
