CHAPTER 2 Flashcards
ACCESSION
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 LAKE OR STREAMS
AIR RIGHTS
THE RIGHT TO USE THE OPEN SPACE ABOVE A PROPERTY, USUALLY ALLOWING THE SURFACE TO BE USED FOR ANOTHER PURPOSE
ANNEXATION
PROCESS OF CONVERTING PERSONAL PROPERTY INTO REAL PROPERTY
APPURTENANCE
A RIGHT, PRIVILEGE, OR IMPROVEMENT BELONGING TO, AND PASSING WITH, THE LAND,
“RUNS WITH THE LAND”
AREA PREFERENCE
PEOPLE DESIRE FOR ONE AREA OVER ANOTHER,
BUNDLE OF LEGAL RIGHTS
THE CONCEPT OF LAND OWNERSHIP THAT INCLUDE ALL LEGAL RIGHTS TO THE LAND-POSSESSION, CONTROL WITHIN THE LAW, ENJOYMENT, EXCLUSION, AND DISPOSITION
CHATTEL
PERSONAL PROPERTY, AKA PERSONALTY
EMBLEMENTS
GROWING CROPS, CONSIDERED TO BE PERSONAL PROPERTY
FIXTURE
AN ITEM OF PERSONAL PROPERTY THAT HAS BEEN CONVERT TO REAL PROPERTY BY BEING PERMANENTLY AFFIXED TO THE REALTY
IMPROVEMENT
ANY STRUCTURE USALLY PRIVED OWENED, ERECTED ON A SITE TO ENHANCE THE VALUE OF THE PROPERTY.
LAND
THE EARTH SURFACE , EXTENDING DOWNWARD TO THE CENTER OF THE EARTH AND UPWARD TO INFINITELY INTO SPACE ,INCLUDING THINGS PERMANENTLY ATTACHED BY NATURE, SUCH AS TREES AND WATER