UNIT 1-A PROPERTY AND GOVERNMENT RIGHTS

Question 1

Accretion

Answer 1

The gradual addition of land by natural causes,
such as shoreline movements

Question 2

Affidavit of Affixture

Answer 2

A document for owners of mobile/ manufactured homes recorded to certify the home is legally affixed and is real property.

Question 3

Appurtenance

Answer 3

Something that belongs to property and passes with property. An appurtenance “runs with the land.”

Question 4

Bill of Sale

Answer 4

An instrument in writing that transfers ownership of tangible personal property, (e.g., furniture).

Question 5

Bundle of Rights

Answer 5

Legal rights conferred to owners of real property, including the rights of disposition, exclusion, enjoyment, possession, control

Question 6

Condemnation

Answer 6

1. The act or process of taking private property for public use, through the government’s power of eminent domain. Also called Appropriation. 2. A declaration that a structure is unfit for occupancy and must be closed or demolished.

Question 7

Conversion

Answer 7

1. The illegal use of funds being held in trust. 2. The process of changing real property to personal property or personal property to real.

Question 8

Corporeal

Answer 8

A legal entity owned by its shareholders that
has limited liability.

Question 9

Dedication

Answer 9

The donation of real estate to a government for
a public purpose

Question 10

Deed

Answer 10

A written instrument transferring the grantor’s
ownership of, or interest in, real property.

Question 11

Emblements

Answer 11

Farm crops that require annual cultivation, which may be removed by a tenant farmer if the owner sells land; considered to be personal property, and so emblements are transferred through a bill of sale. Also called Fructus Industriales

Question 12

Eminent domain

Answer 12

The power or right of governmental bodies to take private real estate for public use upon payment of just and equitable compensation to the owner. The legal process of taking the property is called Condemnation or Appropriation.

Question 13

Erosion (Avulsion)

Answer 13

A gradual loss of soil due to natural causes, such as
the movement of wind or water.

Question 14

Escheat

Answer 14

The reversion of property to the state after a person dies without leaving a valid will or any heirs.

Question 15

Fixture

Answer 15

A man-made attachment; an item of personal property that has been attached to or closely associated with real property in such a way that it is now legally part of the real property.

Question 16

Grantee

Answer 16

A person receiving a grant of real property from the grantor.

Question 17

Grantor

Answer 17

A person transferring title to real property.

Question 18

Hereditament

Question 19

Heterogeneity

Answer 19

A characteristic of real property; each piece
of land, each building, and each house is a unique piece of
real estate. Also called Uniqueness.

Question 20

Personal Property (Chattel, Personalty)

Answer 20

Tangible items that are not permanently attached to or part of real estate; any property that is not real property; movable property not affixed to land. Also called Chattel or Personalty.

Question 21

Police Power

Answer 21

The right of the government to pass legislation protecting the safety, health, and welfare of the public.

Question 22

Real Property (Real Estate)

Answer 22

The physical land itself to the center of the earth and the sky above, and anything permanently affixed to the land, such as buildings, improvements, growing plants, and fixtures, as well as the associated rights, such as water rights or easements. Also called Realty.

Question 23

Taxation

Answer 23

The government’s right to raise money to pay for
the cost of services and functions of the government.

Question 24

Riparian Rights

Answer 24

Water rights of landowners whose land abuts a natural body of water such as a stream or river; no permit is required to use the water. Not recognized in Arizona.

Question 25

Tenement

Answer 25

Everything of a permanent nature associated with land and ordinarily transferred with the land. Tenements are both tangible (e.g., buildings) and intangible (e.g., air rights).

Question 26

Tangible

Answer 26

Real objects or property that can be touched.

Question 28

the bundle of right (deepc)

Answer 28

Disposition. The right to transfer all or some of the rights to other people. Disposition can be a sale, transfer, conveyance, grant, gift, devise, dedication or demise.
ii. Exclusion. The right to stop others from using or entering the property.
iii. Enjoyment. The right to free use of the property without interference from other people or society.
iv. Possession. The right to physically occupy and use the land and make it productive.
v. Control. The right to physically alter or change the property.pc

Question 29

the bundle of right (deepc)

Answer 29

Disposition. The right to transfer all or some of the rights to other people. Disposition can be a sale, transfer, conveyance, grant, gift, devise, dedication or demise.
ii. Exclusion. The right to stop others from using or entering the property.
iii. Enjoyment. The right to free use of the property without interference from other people or society.
iv. Possession. The right to physically occupy and use the land and make it productive.
v. Control. The right to physically alter or change the property.pc