Chapter 5 What is Real Estate Flashcards
Is what is attached to the land, earth surface extending downward to the center of the earth and upward into space.
Real estate, Real Property, Realty
belong to owner of land below
Air Right
the wearing away of land usually due to the action of wind or water (The lost of Land )
Erosion
Leave Real Estate to someone by will
Devise
tangible assets such as buildings and trees
Corporeal
annual crops , garden vegetable
Emblements / considered personal property
tangible personal property like furniture, clothing, refrigerators and bonds.
Chattels
manufactured attachments to land
Improvements
once personal property, now real state. attached to land or building
fixture
sudden change of the course of a stream
Avulsion
anything that can be inherited
Hereditament
an increase of land caused by the gradual depositing of solid material by the action of water. inCREase / gaining of land
Accretion
possession, control, enjoyment, exclusion and disposition
Bundle of Rights
solid material deposited by a body of water. aLLing / adding to
Alluvion
creation of dry land by the gradual withdrawal of water. exposing of
Reliction
everything that is not real property (movable property)
personal property, personalty
specific tract of land
parcel
subsurface rights
Mineral rights
an article owned by a tenant and attached to a rented space for use in conducting a business is a
trade fixture
land, improvements, and bundle of rights
Real State
intangible such as views or rights
Incorporeal
to the surface of the earth, including air above, water and anything attached to it by nature
land
synonyms of real estate
real property, realty
ownership of minerals, oil, and so on
Subsurface rights
land bordering bodies of water affected by tides such as lakes and larger bodies of water
Littoral rights
use of water by adjoining land owners such as rivers, streams and waterways
Riparian rights
Real property ownership is transferred by
deed
Personal property is transferred by
bill of sale
process of transforming real estate to personal property
severance
