Property: Terms Flashcards
Accession
The process of adding to real property
Allodial
A socio-economic system that allows for private ownership of real property
Appurtenant
Attached to the land (such as a house) or the deed (such as a recorded easement)
Bill of Sale
Evidence of transfer of ownership of personal property
Chattel
A synonym for personal property. It comes from the word “cattle.”
Corporeal
Something that is physical or tangible, such as land or buildings.
Deed
The document that serves as evidence of ownership of real property, as well as the document of conveyance
Emblements
Crops nurtured in the year of the transfer or sale of the property. They are considered personal property.
Fixture
That which is attached without losing its identity. It is always real property
Improvements
A term that refers to any additions to the land made by man. It includes buildings, roads and utilities and landscaping.
Incorporeal Rights
Intangible of non-possessory rights in real property, such as easements, licenses, mining claims, etc.
Lateral Support
The duty to give support to a neighbor’s property, such as building a retaining wall
Mineral Rights
Subsurface rights of an owner of real property which extend downward to the center of the earth. These rights are real property
Non-Homogeneous
A term that means no two parcels of land are exactly alike.
Personal Property
The opposite of real property, it is moveable and destructible. Synonyms are chattel and personalty
