Chapter 2-Real Property & The Law Flashcards
What do u call land plus improvements and artificial things like fence, sewer and homes?
Real estate
How do u define is something is real property?
Bundle of legal rights included
What are the bundle of legal rights? CPEED
Control Possession Enjoyment - use it Exclusion - keep out Disposition-sell, will, transfer
What do u need to prove right of ownership of property including bundle of rights?
A title
What shows evidence of ownership by a deed
A title
What is the physical document that shows the owner transfers the title?
A deed
What do u call parking spaces, etc that are transferred with or “runs with” the land?
Appurtenances
What rights are granted to land owners along a body of water? Vary state to state, non-navigable water, own land
Riparian rights
What rights do not give owner the body of water wit a navigable channel?
Littoral rights
What do u call an increase I land ownership from soil by water?
Accretion
What do u call decrease in land from forces?
Erosion
What do u call the sudden decrease in land by act of nature?
Avulsion
What is the right to use water controlled by state when water is scarce and/or landowner requests a permit and then owns water?
Doctrine of prior appropriation
What’s personalty?
Personal property
What is a chattel?
Items of personal property
Can manufactured housing be personal?
Yes even if only moved once, once it is permanently fixed it becomes real property
How do u classify trees?
Real estate-not personal property
How do u classify crops?
Personal property-can be claimed after sale
How can real property become personal property?
Severance-separating from land
How can personal property become real property?
Annexation-i.e. Bricks to sidewalks
How do u transfer real property?
By deed
How do u transfer personal property?
Bill or sale or receipt
What do u call personal property attached so long it becomes real property?
A fixture
What are some examples of fixtures?
Heat systems, elevator equipment, cabinets, plumbing