Chapter 2: Real and Personal Property

Question 1

Land

Answer 1

Surface, Sub Surface and air rights of Earth. Includes trees, crops and water

Question 2

Real Estate

Answer 2

Land and man made improvements

Question 3

Real Property

Answer 3

Real of State and Bundle of Rights

Question 4

Bundle of Rights

Answer 4

Rights to surface, sub surface and air. May be owned separately from Real Estate

Question 5

Dominate Owner

Answer 5

Sub Surface Rights

Question 6

Reparial (Water Rights)

Answer 6

Rivers/Streams

Question 7

Littoral

Answer 7

Lakes/Oceans

Question 8

Appropriative

Answer 8

1st to own or claim water

Question 9

Navigable Waters

Answer 9

Means owner owns to shoreline/treeline/vegetation

Question 10

Non Natigable waters

Answer 10

Means owner owns to the middle of body of water

Question 11

Personal Property

Answer 11

Items of temporary or moveable assets (Furniture) Not fixed or built in or custom to the real estate

Question 12

Chattel

Answer 12

Personal Property

Question 13

Fixtures

Answer 13

Attached or installed to the property. Customized for the property. They are permanant and will cause damage to remove

Question 14

Trade Fixtures

Answer 14

Display cases, check out counters, anything that is connected to a trade/job.

Question 15

Annexation

Answer 15

Chattel becomes real property by the manner it is attached. Sink - Plumbing

Question 16

Severable

Answer 16

Separate fixtures from real property

Question 17

Emblements

Answer 17

Anual crops

Question 18

Factory built homes

Answer 18

Manufactured/Mobile homes and Modular homes

Question 19

Manufactured and Mobile homes

Answer 19

Built in a factory and can be moved. Follows nationwide standard and follows federal building codes by HUD

Question 20

Modular Homes

Answer 20

Built in a factory and is placed on a permanent site