Glossary

RIGHTS AND INTERESTS IN LAND

Easement- the right or privilege one part has to use land belonging to another for a special purpose not inconsistent with the owner’s use of the land

Eminent Domain- the right of government to take privately held land for public use provided fair compensation is paid

Fee Simple- the largest, most complete bundle of rights one can hold in land; land ownership

Lien- a hold or claim which one person has on the property of another to secure payment of a debt or other obligation

Title- the right to or ownership of something; also the evidence of ownership, such as a deed or bill of sale

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