Chapter 2: Real Property Flashcards
The material of the earth, whatever may be the ingredients of which it is composed, whether soil, rock, or other substance, and includes free or unoccupied space for an indefinite distance upwards as well as downwards.
Land
The rights of an owner of a freehold estate to possession, enjoyment, control, and disposition of real property.
Bundle of Rights
The landowner’s ability to take minerals from the earth or to sell or lease this right to others.
Mineral Rights
The rights in real property to the reasonable use of the air space above the surface of the land.
Air Rights
Land and everything permanently attached to land.
Real Estate
The aggregate of rights, powers, and privileges conveyed with ownership of real estate.
Real Property
The surface of the earth, the area above and below the surface, and everything permanently attached thereto is known as…?
Land
The rights in real property to the reasonable use of the air space above the surface of the land is known as…?
Air Rights
All property that is not land and is not permanently attached to land; everything that is movable.
Personal Property
Personal property.
Chattel
The crops and other annual plantings considered to be personal property of the cultivator.
Emblements
Personal property that has become real property by having been permanently attached or adapted to real property.
Fixtures
Items that are installed by a commercial tenant and are removable upon termination of the tenancy.
Trade Fixtures
Trees and shrubbery that are not cultivated annually are considered…?
Real property