Chapter 2 - Real Property

Question 1

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 streams.

Answer 1

accession

Question 2

The right to use the open space above a property, usually allowing the surface to be used for another purpose.

Answer 2

air rights

Question 3

The concept of land ownership that incudes ownership of all legal rights to the land - possession, control within the law, enjoyment, exclusion, and disposition.

Answer 3

bundle of legal rights

Question 4

Growing crops, such as corn, that are produced annually through labor and industry; also called fructus industriales

Answer 4

emblements

Question 5

An article installed by a tenant under the terms of a lease that is removable by the tenant before the lease expires.

Answer 5

trade fixture

Question 6

Ownership rights in a parcel of real estate that are limited to the surface of the property and do not include the space above it (air rights) or the substances below the surface (subsurface rights).

Answer 6

surface rights

Question 7

Ownership rights in a parcel of real estate to the water, minerals, gas, oil, and so forth that lie beneath the surface of the property.

Answer 7

subsurface rights

Question 8

Changing an item of real estate to personal property by detaching it from the land (e.g., cutting down a tree).

Answer 8

severance

Question 9

The interests, benefits, and rights inherent in real estate ownership; often used as a synonym for real estate.

Answer 9

real property

Question 10

Land; a portion of the earth’s surface extending downward to the center of the earth and upward infinitely into space, including all things permanently attached to it, whether naturally or artificially.

Answer 10

real estate

Question 11

Items, called chattels, that do not fit into the definition of real property; movable objects.

Answer 11

personal property

Question 12

Something that is retained by the seller (i.e., a life estate or and access easement).

Answer 12

reservation

Question 13

Fruits of industry; annual plantings or crops considered personal property.

Answer 13

fructus industriales

Question 14

Fruits of nature; trees and perennial shrubbery and grasses considered real estate.

Answer 14

fructus naturales

Question 15

An item of personal property that has been converted to real property by being permanently affixed to the realty.

Answer 15

fixture

Question 16

As used in the conveyance of real estate, the exclusion of some part of property conveyed, such as mineral rights held by previous owner; a deficiency in the grantor’s title contract with reservation.

Answer 16

exception

Question 17

Personal property; personalty

Answer 17

chattel

Question 18

The act of taking a person’s property into legal custody by writ or other judicial order to hold it available for application to that person’s debt to a creditor. 2) The process of converting personal property to real estate.

Answer 18

attachment

Question 19

Personal property

Answer 19

personalty

Question 20

The earth’s surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees.

Answer 20

land

Question 21

1) Any structure, usually privately owned, erected on a site to enhance the value of the property (e.g., a building, fence, or driveway). 2) A publicly owned structure added to or benefiting land (e.g., a curb, sidewalk, street, or sewer).

Answer 21

improvement