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LOC Chapter 4 Flashcards Leasehold estates include homesteads, community property rights, and water rights.False What is the degree, nature, quantity, and extent of interest that a person has in real estate called?Estate in Land Police power, taxation, eminent domain, and escheat are
four examples of:
Governmental Powers The riparian doctrine and the prior appropriation doctrine are two legal doctrines of this.Surface water rights Eminent domain gives the government the right to take privately held property for public use.True This is a burden, obstruction, or impediment on property that can lessen its value or make it less marketable.Encumbrance This protects qualifying real estate property from forced sale by general creditors.Homestead This includes everything a couple acquires after marriage through labor.Community property If a person dies intestate without a will or heirs, their real and personal property is subject to escheat.True Escheat refers to a government's legal authority to force a private landowner to sell their real property for public use.False An estate in land has been defined as the degree, nature, quantity , and extent of interest that a person has in real property.True A quitclaim deed only transfers whatever ownership interest a grantor has in a property, but makes no guarantees about the extent of the grantor's interest in such property, if any.True Tenancy for Years, Periodic Tenancy, Tenancy at Sufferance, and Tenancy at Will are the types of a non-freehold estate.True This required any person claiming a riparian water right to file a claim for the right by 1969 with the Texas Water Commission.Water Rights Adjudication Act A general warranty deed gives clear title to a property all the way back to the sovereignty of the soil.True Laws, like zoning, land use, fire codes, are examples of police power.True A leasehold estate is one where the duration of ownership is indeterminate, which could be for a lifetime of an individual, or an unlimited duration.False
Eminent domain, taxation, escheat, police powers are corporate entity powers.False The government has the right to tax real property but NOT personal property False
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