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Property Law Vocabulary
1st Semester Legal Enviroment of Buisness - Daily Assignments

Property Law Vocabulary

 

Define words in blue:

 


  1. real property
  2. personal property
  3. intellectual property
  4. patent
  5. copyright
  6. fair use doctrine
  7. trademark
  8. common carrier
  9. equity 

 

forms of co-ownership of property

  1. tenancy in common
  2. joint tenancy
  3. tenancy by the entirety
  4. community property

 

  1. deed
  2. warranty deed
  3. quitclaim deed

 

limitations on property ownership

  1. zoning law
  2. restrictive covenant
  3. eminent domain

 

  1. fixtures
  2. license

 

 

 

major estates in real property

Freehold estates: rights of ownership

            fee simple

            fee tail

            conditional fee

            life estate

Leasehold estates: rights of possession and use but not ownership. The owner/landlord gives this right to the tenant

  1. tenancy for years
  2. periodic tenancy
  3. tenancy at will
  4. tenancy at sufferance

            leases: gross lease, net lease, percentage lease

Statutory estates: created by law

            community property

            homestead

            dower

            curtesy

            tenancy by entirety

Equitable estates: neither ownership nor possession

  1. lien
  2. easement

  1. lease
  2. rent
  3. tenant
  4. landlord

 

 

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