Ch 2 - Nature & Description Flashcards
The act of removing something attached to land or of terminating a relationship
Severance
Items of tangible personal property
Chattels
A street address; not a precise method of land description, used more for convenience and is not used in situations requiring precision
Informal reference
An early method of land description that provides a legal reference; depends heavily on natural monuments such as trees, a pile of rocks, or a stream
Metes and bounds
This method of land description is based on the imaginary lines that encircle the globe; also called government survey system
Rectangular survey system
This type of measurement is used to describe mineral rights or air lots in multi-story condominiums
Vertical land description
A map shows hills and valleys, slopes and water runoff; indicates elevation
Contour map/topographic map
Fixtures attached to a rented building by the tenant for the purposes of doing business
Trade fixtures
True or false:
A landowner can use the water touching his land provided he/she does not alter the waters position by artificial means
True
True or false:
Ownership of real property is conveyed by a deed
True
True or false:
Cars, boats, furniture, and clothes are examples of Chattels real
False
True or false:
The bundle of rights includes the rights of possession, use, enjoyment, control, and disposition
True
True or false:
Trade fixtures do not count as personal property
False
True or false:
metes and bounds is the most precise method of land description
True
Anything that is attached to the property and conveys with the title to real property it’s called:
Appurtances
True or false:
Ownership of personal property is usually transferred by a bill of sale
True
What is the term for the right to use water in common with the other landowners whose land also borders the watercourse?
Riparian rights
What determines the ownership and use of water in states where water is scarce?
Doctrine of prior appropriation
Water beneath the surface of the land and not confined to a defined waterway is known as…
The level at which such water is found is called the…
Percolating water
Water table
Tangible property such as a building or fixture
Corporeal property
NOT tangible property and can include things such as rent or rights associated with an easement
Incorporeal property
An article is determined to be real estate because of:
- The manner of attachment
- The adaptation of the article
- The existence of an agreement
- The relationship of the parties involved
How is natural vegetation classified?
Fructus naturales
Personal property is determined by its…
Realty determined by its…
Mobility
Immobility
What is true about all of these:
- Informal reference
- Metes and bounds
- Rectangular survey
- Recorded plat
- Vertical land description
They are commonly used methods to describe the location of land
