WA Real Estate Fundamentals
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1. Real Property land, attachments, and appurtenances
2. Personal Proper- anything that is not real property. movable.
ty
3. Appurtenance a right incidental to the land that is transferred with it (for example - an easement
with the property)
4. Emblements crops produced annually through the labor of the cultivator
5. Trade Fixtures personal property attached the real property by a tenant for the use in a
trade/business. removable by the tenant.
6. Riparian Rights waters rights of landowner whose land borders on a stream or other surface water.
allow reasonable use of the water.
7. Littoral Land land bordered by the stationary body of water aka lake or pond
8. Appropriative water rights established by obtaining a government permit, not based on own-
Rights ership of land beside water
9. Lateral Support physical support that a piece of land receives from the surrounding land
10. Subjacent Sup- physical support that a piece of land receives from the underlying earth
port
11. Metes and land description in which the boundaries of a parcel of land are described by
Bounds monuments, courses, and distances.
12. Monument visible marker used in a survey to establish the boundaries of a property
13. Point of Begin- the starting point in a metes and bounds descriptions; a monument or a point
ning described by referenced to a monument.
14. Course
, WA Real Estate Fundamentals
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for a metes and bounds description - direction stated in terms of a compass. (N,
NE, W, etc)
15. Distance for a metes and bounds description - the length of a boundary, measured in any
convenient unit
16. Government Sur- land description in which land is divided into squares called townships, and each
vey township, in turn, is divided into 36 one square mile squares.
17. Principal Meridi- in government survey - the main north/south line
an
18. Range in government survey - strip of land six miles wide, running north and south.
19. Township in government survey - intersection of a range and a township tier. Parcel of land
that is six miles square and contains 36 sections.
20. Section One square mile of land, containing 640 acres.
21. Government Lot in government survey - parcel of land that is not a regular section
22. Lot and Block land description used for subdivided land. Assigned lot numbers on a plot map
with dimensions.
23. Air Lot parcel of property above the surface of the earth - not containing any land - for
example, a condo.
24. Estate an interest in land that is or may become possessory
25. Freehold Estate possessory interest that has an indeterminable duration
26. Leasehold Estate possessory interest that has a limited duration
27. Fee Simple Ab- highest and most complete form of ownership. potentially infinite duration.
solute
, WA Real Estate Fundamentals
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28. Qualified Fee a fee simple estate that carries a qualification, ownership may revert to the grantor
if a specified event occurs or a condition is not met. aka defeasible fee.
29. Life Estate freehold estate whose duration is measured by the lifetime of one or more
persons.
30. Waste permanent damage to real property caused by the party in possession, harming
the interested of other estate holders.
31. Estate for Years leasehold estate with a fixed term. aka term tenancy.
32. Periodic Tenancy leasehold estate that is renewed at the end of each period unless one party gives
notice of termination.
33. Estate at Will leasehold estate without a definite termination date.
34. Ownership in Sole ownership of the property
Severalty
35. Tenancy in Com- joint ownership where there is no right of survivorship.
mon
36. Joint Tenancy joint ownership with right of survivorship
37. Right of Survivor- right by which the surviving joint tenant(s) acquire another joint tenant's interest-
ship ed int he property upon her death.
38. Community property owned jointly by a married couple
Property
39. Corporation an artificial person. a legal entity separate from its shareholders.
40. Limited Liability a form of business entity that offers limited liability and tax benefits.
Company
Study online at https://quizlet.com/_j885jh
1. Real Property land, attachments, and appurtenances
2. Personal Proper- anything that is not real property. movable.
ty
3. Appurtenance a right incidental to the land that is transferred with it (for example - an easement
with the property)
4. Emblements crops produced annually through the labor of the cultivator
5. Trade Fixtures personal property attached the real property by a tenant for the use in a
trade/business. removable by the tenant.
6. Riparian Rights waters rights of landowner whose land borders on a stream or other surface water.
allow reasonable use of the water.
7. Littoral Land land bordered by the stationary body of water aka lake or pond
8. Appropriative water rights established by obtaining a government permit, not based on own-
Rights ership of land beside water
9. Lateral Support physical support that a piece of land receives from the surrounding land
10. Subjacent Sup- physical support that a piece of land receives from the underlying earth
port
11. Metes and land description in which the boundaries of a parcel of land are described by
Bounds monuments, courses, and distances.
12. Monument visible marker used in a survey to establish the boundaries of a property
13. Point of Begin- the starting point in a metes and bounds descriptions; a monument or a point
ning described by referenced to a monument.
14. Course
, WA Real Estate Fundamentals
Study online at https://quizlet.com/_j885jh
for a metes and bounds description - direction stated in terms of a compass. (N,
NE, W, etc)
15. Distance for a metes and bounds description - the length of a boundary, measured in any
convenient unit
16. Government Sur- land description in which land is divided into squares called townships, and each
vey township, in turn, is divided into 36 one square mile squares.
17. Principal Meridi- in government survey - the main north/south line
an
18. Range in government survey - strip of land six miles wide, running north and south.
19. Township in government survey - intersection of a range and a township tier. Parcel of land
that is six miles square and contains 36 sections.
20. Section One square mile of land, containing 640 acres.
21. Government Lot in government survey - parcel of land that is not a regular section
22. Lot and Block land description used for subdivided land. Assigned lot numbers on a plot map
with dimensions.
23. Air Lot parcel of property above the surface of the earth - not containing any land - for
example, a condo.
24. Estate an interest in land that is or may become possessory
25. Freehold Estate possessory interest that has an indeterminable duration
26. Leasehold Estate possessory interest that has a limited duration
27. Fee Simple Ab- highest and most complete form of ownership. potentially infinite duration.
solute
, WA Real Estate Fundamentals
Study online at https://quizlet.com/_j885jh
28. Qualified Fee a fee simple estate that carries a qualification, ownership may revert to the grantor
if a specified event occurs or a condition is not met. aka defeasible fee.
29. Life Estate freehold estate whose duration is measured by the lifetime of one or more
persons.
30. Waste permanent damage to real property caused by the party in possession, harming
the interested of other estate holders.
31. Estate for Years leasehold estate with a fixed term. aka term tenancy.
32. Periodic Tenancy leasehold estate that is renewed at the end of each period unless one party gives
notice of termination.
33. Estate at Will leasehold estate without a definite termination date.
34. Ownership in Sole ownership of the property
Severalty
35. Tenancy in Com- joint ownership where there is no right of survivorship.
mon
36. Joint Tenancy joint ownership with right of survivorship
37. Right of Survivor- right by which the surviving joint tenant(s) acquire another joint tenant's interest-
ship ed int he property upon her death.
38. Community property owned jointly by a married couple
Property
39. Corporation an artificial person. a legal entity separate from its shareholders.
40. Limited Liability a form of business entity that offers limited liability and tax benefits.
Company
