1. Types Of Property

Question 0

What are the two different TYPES OF PROPERTY?

Answer 0

1. Personal Property

2. Realty

Question 1

What is PERSONAL PROPERTY

Answer 1

By definition - anything that is NOT realty (Land)
aka - Chattel
Transferred by a bill of sale
Emblement

Question 2

What is REALTY?

Answer 2

By definition - land, real estate, real property

Transferred by a deed

Question 3

What is LAND?

Answer 3

From the core of the earth upward in the shape of a cone
Including - Subsurface, Surface, and Airspace to infinity
> including Fructus Naturales (what grows naturally)

Question 4

What is REAL ESTATE?

Answer 4

Improvements or fixtures
Tangible or corporeal appurtenances
Fructus Industriales (crops planted by humans)
Emblements (fruit from the annual crops)

Question 5

What is REAL PROPERTY?

Answer 5

Land and real estate including:
> Intangible or incorporal appurtenances … Bundle of Rights
Bundle of Rights - DEEPC -
Disolusion, Enjoyment, Exclusion, Possession, Control