Unit 1 Flashcards
Accession
Accretion
Air rights
Annexation
process of converting personal property into real property
Appurtenance
A right, privilege, or improvement belonging to, and passing with the land; “runs with the land”
Area preference
Avulsion
Bundle of legal rights
the concept of land ownership that includes ownership of all legal rights to the land
Chattel
moveable, tangible items such as chairs, tables, clothing, money, bonds, and bank accounts
Emblements
growing crops, such as corn, that are produced annually through labor and industry
Erosion
Fixture
an item of personal property that has been converted to real property by being permanently affixed to the realty
Improvement
any artificial thing attached on or below ground, such as a building, fence, water line, or sewer pipe, as well as trees, shrubs, and other growing things that are made part of the landscaping
Land
The earth’s surface extending downward to the center of the earth and upward to infinity
Littoral rights
Manufactured housing
dwellings that are build off-site and trucked to a building lot where they are installed and assembled
Nonhomogeneity
a lack of uniformity; dissimilarity
Personal property
items called chattels, that do not fit into the definition of real property; moveable objects
Prior appropriation
Real estate
Land; a portion of the earth’s surface extending downward to the center of the earth and upward infinitely into space, including all things permanently attached to it, whether naturally or artificially
Real property
the interests, benefits, and rights inherent in real estate ownership
Reliction
Riparian rights
Severance
changing an item of real estate to personal property by detaching it from the land
Situs
Subsurface rights
Surface rights
Trade fixture
an article installed by a tenant under the terms of a lease that is removable by the tenant before the lease expires
Water rights
