Real property and the bundle of rights Flashcards
What gives the owner, the ability to use property in any legal manner?
Disposition
Control
Enjoyment
Enjoyment
What allows the owner to control the use of property, including how others may use the property?
Disposition
Control
Enjoyment
Control
What does the owner the right to sell or convey the property?
Disposition
Control
Enjoyment
Disposition
What states that the property is owned by the title holder
Exclusion
Possession
Possession
What provides the owners with the rights to decide who may or may not access the property?
Exclusion
Possession
Exclusion
The Earth surface, extending downwards to the center of the Earth, an upward to infinity, including permanently, attached natural objects.
Land
Real estate
Real property
Land
Land, plus all things permanently attached to it naturally or artificially.
Land
Real estate
Real property
Real estate
Real estate, plus the interest, benefits, and rights automatically included with real estate ownership.
Land
Real estate
Real property
Real property
Real estate, plus the entrance, benefits, and rights automatically included with real estate ownership.
Personal property
Improvements
Real property
Real property
Everything that’s not real property.
Personal property
Real property
Personal property
Permanent, man-made attachments that include things, such as a fencing, buildings, and walkways.
Personal property
Improvements
Real property
Improvements
What five things illustrate rights associated with real property?
Enjoyment, disposition, possession, Control, exclusion
What is the right to occupy the property?
Enjoyment
Control
Possession
Possession
What is the right determine how others may use the property?
Enjoyment
Control
Possession
Control
What is the right to legally use the property however, the owner desires?
Enjoyment
Control
Possession
Enjoyment
