real estate law &real property Flashcards
an article installed by a tenant under a commercial lease and removable before the lease expires
trade fixtureition
any property that is not real property
personal property
conversion of personal property to real property
annexation
ownership of all legal rights to the land control, possession, exclusion enjoyment,, and disposition
bundle of legal rights
the interests benefits and rights automatically included in the ownership of land and real estate
real property
the right to use the open space above the surface of a property
air rights
a portion of the earth’s surface extending down to the center and up into space, including all natural artificial attachment
real estate
ownership rights in the water, minerals, gas and oil that lie beneath a parcel of land
subsurface rights
personal property that is converted to real property by being permanently attached to real estate
fixture
any structure or modification erected or imposed on a site
improvement
changing an item of real estate to personal property by detaching it from the land
servrance
ownership rights excluding air or mineral rights
surface rights
common law rights of owners of land next to rivers, lakes or oceans
water rights
another name for personal property
chattels
growing crops, such as corn or soybeans, that remain personal
emblement