(Ch. 13) Vocab (Condemnation And Adverse) Flashcards Preview

Real Estate (NJ) > (Ch. 13) Vocab (Condemnation And Adverse) > Flashcards

Flashcards in (Ch. 13) Vocab (Condemnation And Adverse) Deck (10)
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1
Q

The means of acquiring title to land against the real owner, where possession has been actual, open, hostile, exclusive, continuous and under claim of right for 30 years or 60 years (13-166)

A

Adverse Possession

2
Q

An appraisal method used in condemnation cases where there has been a partial taking of the property (13-165)

A

Before and After Method

3
Q

The process by which property of a private owner is taken for public use, with just compensation to the owner, under the right of eminent domain

A

Condemnation

4
Q

One whose property is condemned (13-165)

A

Condemnee

5
Q

The right of a government to take private property for public use upon the payment of just compensation (4-43)

A

Eminent Domain

6
Q

The fair market valance of land that must be paid to the condemnee when the government exercises its power of eminent domain through the act of condemnation (4-43)

A

Just Compensation

7
Q

Title free and clear of objectionable liens or encumbrances; title which is free from reasonable doubts or defects, which can be readily sold or mortgages (8-82)

A

Marketable Title

8
Q

The taking of a portion of a price of property through condemnation (13-165)

A

Partial Taking

9
Q

A court action brought to establish title or to remove a cloud on title; an action clearing tax titles or titles based upon adverse possession (13-166)

A

Quiet Title

10
Q

Combination of possession period by different adverse possessors (13-166)

A

Tacking