Real and personal property Flashcards
Personal property
Those items, called chattels, that are not classified as real property; tangible and moveable objects
Real property
Anything affixed to the land, permanent
Real estate
Is land and all attachment to the land
MARIA
Method of annexation Adaption to real estate Relationship to the parties Intention Agreement
Emblements
Crops that require annual planting
Personal property
Fructus naturales
Do not require annual planting
Real property
Fixture vs. trade fixture
Fixture is personal property that has become affixed to the land or improvements so that it becomes real property
Trade fixture is personal property owned by the tenant,is attached to rented space, used for conducting bussiness
Riparian rights
Owner of land on water
Land adjoining navigable water rights to edge
Land adjoining non-navigable water rights got to center
Littoral rights
Granted to owners on lathes water ways lakes, sea, oceans.
Ownership is to mean high-water mark
Accretion
Deposits of land by water
Called allvuvion and alluvium
Reliction
When water recedes new land
Avulsion
Sudden loss of land