The Nature of Real Property Flashcards
1
Q
A right and privilege associated with land, realty, and the fixtures thereto, with a longer or even perpetual duration. Formally bought and sold, transferred by deed, or subject to estate laws and other distribution schemes.
A
Real property
2
Q
Constructed homes.
A
Realty
3
Q
Other objects, besides the home, permanently affixed to the land and/or realty.
A
Fixtures
4
Q
Rights granted to use, yet not own, a specifically delineated piece of real property.
A
Easement
5
Q
A privilege to use land for a specific purpose such as oil and gas rights, construction, mineral extraction, and similar activity.
A
License
6
Q
Deal with both individual and collective rights in streams, rivers, lakes, groundwater, and wells, as well as beachfronts.
A
Riparian rights
