Real Property Ownership in Colorado: Unit 1

Question 1

Real property ownership includes rights of…

Answer 1

enjoyment, disposition, possession, control, exclusion

Question 2

Land is defined as…

Answer 2

the earth’s surface, extending downward to the center of the earth and upward to infinity, including permanently attached natural objects

Question 3

personal property

Answer 3

everything that is not real property, belongs to the seller and can be removed

Question 4

real estate

Answer 4

land, plus all things permanently attached to it naturally or artificially

Question 5

real property

Answer 5

real estate, plus the interests, benefits, and rights included with real estate ownership

Question 6

improvements

Answer 6

artificial attachments to land that includes such things as fencing, buildings, and walkways

Question 7

fixtures

Answer 7

anything permanently attached to the land or permanent structures on the land, part of real property unless otherwise negotiated

Question 8

chattel

Answer 8

another word for personal property

Question 9

five basic tests to determine if an item is a fixture (MARIA)

Answer 9

method of annexation, adaptability for use, relationship of the parties, intention in placing, agreement of the parties

Question 10

annexation

Answer 10

occurs when personal property is attached to real property, making it a fixture

Question 11

severance

Answer 11

occurs when an item that was real property becomes personal property by detaching it from the land

Question 12

emblements

Answer 12

cultivated crops, considered personal property

Question 13

possession

Answer 13

right to occupy the property

Question 14

control

Answer 14

right to determine interest in the property for others

Question 15

enjoyment

Answer 15

right to possess the property without harassment or interference

Question 16

exclusion

Answer 16

right to refuse other interests in your property

Question 17

disposition

Answer 17

right to determine how, when, and whether the property is to be sold, leased, mortgaged, or transferred

Question 18

trade fixtures

Answer 18

affixed items that are uninstallable

Question 19

fixture

Answer 19

part of the real property being conveyed in a real estate transaction and should remain

Question 20

Method of Annexation

Answer 20

attachment, refers to whether the item is attached to the property and how permanent the attachment is

Question 21

Adaptation

Answer 21

how the item is situated or adapted to the real property, adaptability of item to land’s use

Question 22

Relationship

Answer 22

relationship of parties (i.e. tenant/landlord)

Question 23

Intention

Answer 23

intention of placing item on land