2. Real Property

Question 1

Accession

Answer 1

Acquiring title to additions or improvements to real property as a result of the annexation of fixtures or the accretion of alluvial deposits along the banks of. streams.

Question 2

Air Rights

Answer 2

The right to use the open space above a property, generally allowing the surface to be used for another purpose.

Question 3

Attachment

Answer 3

1. The act of taking a person’s property into legal custody by writ or other judicial order to hold it available for application to that person’s debt to a creditor.
2. A process of converting personal property to real estate.

Question 4

Bundles of Legal Rights

Answer 4

The concept of land ownership that means ownership of all legal rights to the land— for example, possession, control within the law, and enjoyment—rather than ownership of the land itself.

Question 5

Chattel

Answer 5

Personal property; personalty.

Question 6

Emblements

Answer 6

Growing crops, such as grapes and corn, that are produced annually through labor and industry; deemed to be personal property.

Question 7

Exception

Answer 7

As used in the conveyance of real estate, the exclusion of some part of the property conveyed, such as a mineral interest held by a previous owner; a deficiency in the grantor’s title; contrast with reservation.

Question 8

Fixture

Answer 8

An item of personal property that has been converted to real property by being permanently affixed to the realty.

Question 9

Fructus Industriales

Answer 9

Fruits of industry; annual plantings or crops considered personal property.

Question 10

Fructus Naturales

Answer 10

Fruits of nature; trees and perennial shrubbery and grasses considered real estate.

Question 11

Improvement

Answer 11

1. An improvement on land is any structure, usually privately owned, erected on a site to enhance the value of the property; for example, buildings, fences, and driveways.
2. An improvement to land is usually a publicly owned structure, such as a curb, sidewalk, street, or sewer.

Question 12

Land

Answer 12

The earth’s surface, extending downward to the center of the earth and upward infinitely into space.

Question 13

Personal Property

Answer 13

Items, called chattels, that do not fit into the definition of real property; movable objects; personalty.

Question 14

Personalty

Answer 14

Items of personal property, chattel.

Question 15

Real Estate

Answer 15

A portion of the earth’s surface extending downward to the center of the earth and upward infinitely into space, including all things permanently attached thereto, whether by nature or by a person.

Question 16

Real Property

Answer 16

The earth’s surface extending downward to the center of the earth and upward into space, including all things permanently attached to it by nature or by people, as well as the interests, benefits, and rights inherent in real estate ownership.

Question 17

Reservation

Answer 17

Something retained by the seller; for example, minerals, a life estate, or an access easement.

Question 18

Serverance

Answer 18

Changing an item of real estate to personal property by detaching it from the land; for example, cutting down a tree.

Question 19

Subsurface Rights

Answer 19

Ownership rights in a parcel of real estate to the water, minerals, gas, oil, and so forth that lie beneath the surface of the property.

Question 20

Surface Rights

Answer 20

Ownership rights in a parcel of real estate that are limited to the surface of the property and do not include the air above it ( air rights) or the minerals below the surface ( subsurface rights).

Question 21

Trade Fixture

Answer 21

Article installed by a tenant under the terms of a lease and removable by the tenant before the lease expires. these remain personal property and are not true fixtures.