Chapter 5: What Is Real Estate? Key Terms Review Part 1 Flashcards
Accretion
An increase of land caused by the gradual depositing of solid material.
Air rights
The rights to use the air above the land which may be sold or leased independently of the land itself.
Alluvion
The solid material deposited by a body of water
Avulsion
The sudden change of the course of a stream.
Bundle of rights
Possession, control, enjoyment, and so on.
Chattels
Tangible personal property
Corporeal
Tangible
Devise
To leave real estate to someone by Will.
Emblements
Annual crops
Erosion
The opposite of accretion. Taking away part of the land due to natural occurrences.
Fixture
An article that was once personal property but attached as to make it real estate.
Hereditament
Anything that can be inherited.
any item of property, either a corporeal hereditament (such as land or a building) or an incorporeal hereditament (such as a rent or a right of way).
Improvement
Manufactured attachments to land.