Unit 2: Real Property and the Law Flashcards
Real estate is defined as land ______ that are attached to the land
appurtenances
_____ include improvements, rights, interest, fixtures, and privileges. They are attached to and transfer or run with the land
Appurtenances
True/false real estate is immovable
true
when a property is sold, the land and all appetences automatically transfer to the new owner, via a ____
deed
land rights include surface rights, _____ rights, and _____ rights
subsurface, air
3 forms of rights
land rights, ownership rights, government rights
ownership rights, such as the right of an owner to ____, ____, and control the property
possess, transfer
______ right include land use controls, taxation, eminent domain, and escheat
government
____ ___: rights extend as high as can be legally used. Government controls air space above
air rights
___ rights: right of water use
water
_____: land abutting flowing water
riparian (R = river) (abutting means next to or within the same boundary)
_____ : land abutting standing water
Littoral (L = lake)
water rights automatically include the right of waterfront access to the water source. (true or false)
false - they do not automatically include the right of waterfront access to the water source. irrigation channels and ditches distribute water from the source
An off-waterfront owner of a water right does/does not have the right to cross another’s property to access the water source. They could/couldn’t obtain the right to access from the waterfront owner via an easement
does not, could
gradual addition to land through natural causes
accretion
gradual wearing away of the land by natural forces
erosion
sudden loss of land by an act of nature
avulsion
the property line (is/is not) generally maintained if the land is no longer there
is
in states where water is scarce, ownership and use of water are /are not determined by the doctrine of prior appropriation. The right to use water is controlled by the state rather than by the landowner adjacent to the water
are
landowner must demonstrate a state agency the owner’s plans are beneficial use, such as crop irrigation. The priority of water rights is usually determined by the (oldest/newest) recorded permit date
oldest`
____ are transferred when property is sold unless reserved by the seller, may be leased or sold separately from the land, and may be held by a third party
rights
real estate is transferred by a _____
deed
an item of property other than real estate
chattel (personal property)
_____ property: is moveable, is not attached permanently to the land, and must be included in the purchase contract to transfer with the property
personal
personal property is transferred by a ___ of ____
bill of sale
an object that was once personal property that has been attached to an improvement so as to become real property
fixture
true/false: land is never a fixture
true
once a ___ (personal property) is attached, it becomes an appurtenance and is automatically transferred by the ____
fixture, deed
personal property vs fixture: Intent is evidenced by the following (3)
attachment, adaption, agreement
personal property vs fixture: attachment: 1. _____ of method, 2. ___-__ = fixture, 3. ___standing = personal property
permanence, built-in, free
personal property vs fixture: ______ : 1. specific to individual property. Examples: house keys, garage door openers
adaption
personal property vs fixture: _____: 1. the written contract is the final decision on what will be conveyed. 2. Fixtures must be excluded from the purchase contract if the seller is not going to convey
agreement
____ and ____ _____ are exceptions for personal property
emblements, trade fixtures
_____: annually cultivated crops. Belong to the party who planted them, unless otherwise agreed
emblements
______ ______: owner or tenant-installed additions that are a necessary part of their trade or business
trade fixture
Tenant may remove ___ ____ before lease termination. If not removed by lease termination, the ___ ____ belong to the landlord. sale of a business property does not automatically include these.
trade fixtures
If ___ ___ or ____ are transferred, they will not be transferred via a deed, they will be transferred by a bill of sale
trade fixtures, emblements