Unit 1 - Real Property Fundamentals Flashcards
acquiring of title to land by its addition to real estate already owned through natural or human processes
Accession
adding to land by natural forces of nature
Accretion
the solid material deposit from accretion
Alluvion
attaching personal property to land
Annexation
Physically attached property to land
Actual Annexation
Personal Property that is considered a fixture but NOT attached physically to the land
Constructive Annexation
A PERSON who owns personal property and brings it onto real property making it part of the real property.
Annexer
Water rights granted with permit. It is not required to own property beside the body of water.
Appropriative rights
A right that goes along with ownership of real property. Physical and non Physical…Legally.
Appurtenance
Land removed SUDDENLY from property and added
onto another’s property…such as flash flood.
Avulsion
a document to transfer ownership of personal property from one person to another.
Bill of Sale
Possession, Quiet Enjoyment, Disposition, Right of Exclusion, and Right of Control
Bundle of Rights
a piece of personal property
Chattel
a crop planted and cultivated through someone’s labor and industry…Fructus Industriales
Emblement
Physical object on someone else’s property, often due to a mistake…trees over fence
Encroachment
a gradual loss of soil due to natural causes…beach front houses
Erosion
Man-Made Attachment now part of the real property
Fixture
Fruits of Industry or Emblements
Fructus Indistriales
Naturally occurring plants on property also called natural attachments
Fructus Naturales
A fixture attached to real property by a landlord for the use of the tenant.
Leasehold Improvement
Additions to real property that can be natural (trees) but usually are man-made, large fixtures such as buildings
Improvements
surface, subsurface and air rights
Land
the actual physical land and attachments
Real Estate
the physical land plus rights
Real Property (Realty)
water rights with Lakes and non-flowing bodies of water
Littoral Rights
Rights to minerals underneath surface of property
Mineral Rights
a SPECIFIC lot or piece of real estate, particularly a specified part of a larger tract.
Parcel
Personal Items not attached, moveable and not fixed, usually called Chattel or Personalty
Personal Property
When a body of water gradually recedes exposing land that was previously underwater
Reliction
Water rights landowners with a river or flowing body of water
Riparian Rights
a legal principle that grants a landowner the right to all oil and gas produced by wells on his or her land. Even if it migrated there from neighboring land.
Rule of Capture
the owner has rights to the land below the surface to the center of the earth, even though this is not documented
Subsurface Rights
Items of PERSONAL property that are fixed but removed before lease is expired.
Trade Fixtures
