Unit 2 Key Terms Flashcards
Acquiring title to additions or improvements to real property as a result of the annexation of fixtures or the accretion of alluvial deposits along the banks of streams
Accession
The increase or addition of land by the deposit of sand or soil washed up naturally from a river, lake or sea.
Accretion
The right to use the open space above a property, usually allowing the surface to be used for another purpose.
Air rights
Process of converting personal property to into real property
Annexation
A right, privilege, or improvement belonging to and passing with, the land “runs with the land”
Appurtenance
Peoples desire for one area over another, based on a number of factors such as history, reputation, convenience, scenic beauty, and location.
Area preference
The sudden tearing away of land, as by earthquake, flood, volcanic action, or the sudden change in the course of a stream.
Avulsion
The concept of land ownership that includes ownership of all legal rights to land possession, control within the law, enjoyment, exclusion, and disposition.
Bundle of legal rights
Growing crops (such as corn, veggies, fruits) that are produced annually through labor and industry; also called fructus industriales.
Emblements
The gradual and sometimes imperceptible wearing away of the land by natural forces, such as wind, rain and flowering water.
Erosion
An item of personal property that has been converted to real property by being permanently affixed to the realty.
Fixture
1) Any structure, usually privately owned, erected on a site to enhance the value of the property. (Fence, driveway)
2) A publicly owned structure added to or benefiting land (sidewalk, street, sewer)
Improvement
The earths service extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees.
Land
1) A landowner’s claim to use water in large navigable lakes and oceans adjacent to her property.
2) The ownership rights to land bordering these bodies of water up to the high-water mark.
Littoral rights
A lack of uniformity; dissimilarity. Because no two parcels of land are exactly alike, real estate is said to be _____________.
Non-homogeneity
Items, called chattels, that do not fit into the definition of real property; movable objects (ie chairs, sofa, emblements, severance, annexation, manufactured homes)
Personal Property (chattel)
A concept of water ownership in which the landowner’s right to use available water is based on government administered permit system.
Prior Appropriation
Land; a portion of the earths 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 Estate
The interests, benefits, and rights inherent in real estate ownership often used as a synonym for real estate.
Real Property
An owners rights in land that borders on or includes a stream, river or lake. These rights include access to and use of the water.
Riparian rights
Changing an item of real estate to personal property by detaching it from the land (e.g. cutting down a tree)
Severance
The location of land for legal purposes; the jurisdiction in which land is located.
Situs
Ownership rights in a parcel of real estate that are limited to the surface of the property and do not include the space above (air rights) or the substances below the surface.
Surface rights
An article installed by a tenant under the terms of a lease that is removable by the tenant before the lease expires.
Trade fixture
