Chapter 2 Rights In Real Estate Flashcards

1
Q

The legal concept of land encompasses

A

The surface area of the earth enter everything beneath the surface of the earth extending downward to its center

All natural things permanently attached to the earth

The air above the surface of the earth extending outward towards infinity

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2
Q

Land includes

A

All plants attached to the ground or in the ground such as trees or grass a parcel or tract of land is a portion of land delineated by boundaries

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3
Q

Definition of a parcel or tract

A

a parcel or tract of land is a portion of Lee and Dylan needed by boundaries

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4
Q

Three unique physical characteristics of land

A

Immobility indestructibility and heterogenicty

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5
Q

The legal concept of real estate encompasses

A

Land and all man-made structures that are permanently attached to the land
For example fences streets buildings well sewer sidewalks in PIERCE also known as improvements

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6
Q

To classifications of property

A

Real property and personal property

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7
Q

Definition of real property

A

Real property is ownership of real estate in the bundle of rights associated with owning the real estate

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8
Q

Definition of personal property

A

Personal property is ownership of anything which is not real estate in the rights associated with owning that personal property items of personal property are also called chattels or personality

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9
Q

What does the right to encumber the property mean

A

The right to encumber the property essentially means the right to mortgage the property for collateral that

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10
Q

Definition of surface rights

A

Surface rights applied to real estate contained within the surface boundaries of the parcel this includes the ground all natural things affixed to the ground and all improvements surface routes also include water rights

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11
Q

Water rights Depend on three variables what are the three variables

A

Whether the state controls the water whether the water is moving or the water is navigable

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12
Q

Literal water rights

A

Latourell rights concern properties of budding bodies of water that are not moving such as lakes were sees ownership extends to the high watermark of the body of water owners do not own the land beneath the water NAV a good bodies of water are public property owned by the state

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13
Q

Riparian rights

A

For non navigable bodies of water the owner owns the the midpoint of the stream.

If navigable the owner owned to the edge of the water
Both littoral and riparian rights attach to the property.

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14
Q

Adaptation with respect to real versus personal property

A

If an item is uniquely adapt to the property or the property is custom design to accommodate the item at Mimi teams real property

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15
Q

Trade fixtures do they belong to the landlord or the tenant if the trade fixture is left what happens to it

A

Trade fixtures belong to the tenant and can be removed upon surrender of the lease show the tenant failed to remove the trade fixture it may become property of the landlord through Accession

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16
Q

EMBLEMENTS definition

A

Growing plants including agricultural crops may be real or personal property plants in crops that grow naturally without requiring labor or machinery or considered real property plants in crops requiring human intervention and labor all are called emblements

17
Q

Severance is the conversion of

A

Real property to personal property by attaching it from the real estate for example cutting down a tree or we will be in antenna from the roof

18
Q

I’m fixing or attachment is the act of

A

Converting personal property to real property by attaching it to real estate Such as assembly a pile of bricks into a barbecue pit or constructing a boat dock from wood planks

19
Q

Fair housing act of 1968 prohibits discrimination based on

A

Race religion color or national origin