Chapter 5 - What is Real Estate?

Question 0

Air rights

Answer 0

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

Question 1

Accretion

Answer 1

The increase or addition of land by the deposit of sand or soil washed up naturally from a river, lake or sea.

Question 2

Alluvion

Answer 2

Solid material gradually deposited, by a contiguous body of water (used with accretion which is the opposite of erosion.

Question 3

Avulsion

Answer 3

The sudden changing of a course of a stream.

Question 4

Bill of sale

Answer 4

A written instrument given to transfer title of personal property.

Question 5

Bundle of rights

Answer 5

Real property ownership often described. Includes right of: possession, to use, enjoyment, exclusion, disposition or alienation.

Question 6

Chattels

Answer 6

Movable personal property.

Question 7

Corpreal

Answer 7

The terms real estate are used interchangealby with real property, and realty and real estate and include corporeal (tangible) like buildings and trees and incorporeal (intangible) like views or rights.

Question 8

Deed

Answer 8

A written instrument that, when executed and delivered, conveys title to or an interest in real estate.

Question 9

Devise

Answer 9

A gift of real property by will; the act of leaving real property by will.

Question 10

Emblements

Answer 10

Growing crops, such as wheat and corn, that are produced annually through labor and industry. Also called fructus industrials. Emblements are considered to be personal property of a tenant.

Question 11

Erosion

Answer 11

The gradual wearing away of land by water, wind, and general weather conditions; the diminishing of property caused by the elements.

Question 12

fixture

Answer 12

An item of personal property that has been converted to real property.

Question 13

Herediment

Answer 13

Anything that can be inherited.

Question 14

Improvement

Answer 14

Includes both buildings erected on the land and streets,utilioties, seers and other manufactured additions to the property. concept that real estate includes land and all manmade improvements.

Question 15

Land

Answer 15

Refers to the surface of the earth,including the water, and anything attached to it by nature, such as trees and bushes. It also includes the minerals and substances below the Earth’s surface, together with the airspace above the earth’s surface, up to infinity. thus the land may be defined as the earth, extending downward from the surface to the center of the earth, an upward to infinity, including anything permanently attached by nature.

Question 16

Littoral rights

Answer 16

A landowner’s claim to use water in large navigable lakes and oceans adjacent to his or her property. The ownership rights to land bordering these bodies of water up to the mean high-water mark.

Question 17

Mineral rights

Answer 17

subsurface rights that can be sold or retained separately.

Question 18

Parcel

Answer 18

A specific piece of real estate

Question 19

Personal property, personalty

Answer 19

All property that is not real property.

Question 20

Reliction

Answer 20

Creation of dry land by gradual withdrawal of water from the land by lowering of its surface level.

Question 21

Riparian rights

Answer 21

An owner’s rights in land that borders on or includes a river, stream or in new Jersey and tidal waters. these rights include access to and use of the water.

Question 22

Trade fixture

Answer 22

articles installed by a tenant under the terms of a lease and removable by the tenant before the lease expires.