Chapter 2 Flashcards

Property Ownership and Interest

1
Q

What are the rights of an owner of a freehold estate to possession, enjoyment, control, and disposition of real property?

A

Bundle of Rights

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2
Q

Do all transfers of real property need to be in writing?

A

Yes, all transfers of ownership of an interest in real property must be in writing.

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3
Q

Define real property

A

Land and everything permanently attached to land, including all rights and interest in the land.

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4
Q

What does real property consist of?

A

Lands, tenements, and hereditaments

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5
Q

What is, the surface of the earth, the area above and below the surface, and everything attached naturally (trees, crops) thereto, theoretically to the highest heavens?

A

Land

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6
Q

What is fructus industriales?

A

Annual plants that are personal property.

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7
Q

What is fructus naturales?

A

Perennials plants considered real property unless planted in movable containers.

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8
Q

What are “Tenements”?

A

Land and all corporeal and incorporeal rights of land?

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9
Q

Tangible (touchable) things such as buildings are what?

A

Corporeal Rights

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10
Q

Intangible (unable to see or touch) things such as an easement or right of way are what?

A

Incorporeal Rights

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11
Q

All corporeal and incorporeal attributes of real estate that can be inherited are__________?

A

Hereditaments

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12
Q

____________ is any right or privileges that moves with the land.

A

Appurtenance

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13
Q

What are some examples of common appurtenances?

A

Subsurface, air, and riparian (water) rights

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14
Q

____________ is used to denote the right of a tenant to reenter the property and harvest annual crops after termination of the tenancy.

A

Emblements

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15
Q

Rights in real property allowing minerals to be taken from the earth are ___________.

A

Subsurface or Mineral Rights

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16
Q

Permits that allow the use of land for mineral exploration and mining operations are __________.

A

Mineral Lease

17
Q

What is a mineral royalty?

A

Income received from leases of mineral land

18
Q

Ownership of and the rights to the area above the surface of the earth are ____________.

A

Air Rights

19
Q

_________ are appurtenant of an owner of property bordering a flowing body of water.

A

Riparian Rights

20
Q

The rights of landowners whose property borders an ocean or a lake.

A

Littoral Rights

21
Q

What is the foreshore? Who owns it?

A

The land between the mean high watermark and low watermark.

The State of NC

22
Q

What are 4 natural processes that can affect Riparian Boundaries?

A
  • Accretion - Gradual bounds extend
  • Reliction - Gradual receding water
  • Erosion - Gradual loss of land
  • Avulsion - Sudden change in land
23
Q

What is the right of land to be supported in it’s natural state by adjacent land?

A

Lateral Support

25
What is the right to have one's land supported from below?
Subjacent Support
26
____________ (also referred to as chattel or personalty) is anything that is not real property.
Personal Property
27
Ownership of Personal Property is conveyed by ........................?
Bill of Sale
28
An item of personal property attached to the land or a permanent improvement on the land in such a manner that the law deems it to be part of the real property to which it is attached is ..........................
A Fixture
29
What test is composed of 4 criteria or factors and is used to help determine if an item is a fixture when is it not clear contractually?
Total Circumstance Test
30
What are the 4 criteria or factors for a total circumstance test?
1) Intention 2) Relation of the Attacher 3) Method 4) Adaptation Hint: Aunt IRMA
31