Chapter 1 Intro to Real Estate Flashcards
Define appurtenant
Means ownership transfers with the land automatically without the need of a separate conveyance (runs with the land).
What do easements also allow?
Easements that allow the use of someone else’s land, such as a driveway to enter your land, also how tin the land being sold if it is the only way to access the land.
Are minerals, oil and gas, when extracted personal or real property?
Personal property
Define emblements.
Emblements are planted growing crops that are cultivated annually by a tenant farmer on leased land.
Fixtures are items of personal property that are attached to, or incorporated into, the land in such a manner as to become real property. Define MARIA
Method of attachment Adaptability Relationship of the parties Intention Agreement
Three methods for property identification.
Metes and Bounds
Sections and Townships
Lots, Blocks and Tracts
Trade fixtures are always _____ property.
Persona property
Describe Metes and Bounds
Metes and Bounds is the method of identifying property by its boundaries, distances and angles from a given starting point.
Base Line
Horizontal, runs east to west.
Range
Base, 6 miles
Meridian line
Vertical lines that run north to south.
Township/tier
Meridian, 6 miles
Township lines divide the land into a series of east-west strips called ______.
Tiers
Range lines divide the land into north-south strips called _____.
Ranges
Township is when a ____ intersects a _____. So in total, it is ___ miles.
Tier, range, 36 miles
