6.2 Flashcards
True or False:
If someone owns land along a river, he can sell the land to the middle of the river.
False
A neon sign for business attached to a leased space is an example of a _______.
Trade fixture
True or False:
A permanent fence around a property is considered personal property.
False
Something attached to real estate with the intent of remaining permanent is considered _______.
Real property or real estate
The rights a landowner has with a flowing stream of water are called ______ rights.
Riparian
Land plus all natural resources and anything permanently attached to it is the definition of ________.
Real estate or real property
A ______ owner is the legal definition of an owner or possessor of land that abuts a watercourse, such as a natural stream, river, or creek.
Riparian
A _____ owner is the legal definition of an owner of land that abuts a fixed body of water, such as a sea, lake or pond.
Littoral
______ rights provide the privilege of gaining income from the sale of oil.
Mineral
“Chattel” is also known as _______.
Personal property
Structural safety, health requirements, and fire safety are considered in a state or local government’s building ______.
Codes
True or False:
A light fixture is considered personal property.
False
True or False:
Ownership rights include below to the center of the earth and above into the sky.
True
Something built upon the land with the intention of being permanent is called a/an ________.
Improvement
True or False:
Water rights mean the landowner owns the water.
False