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NATIONAL REAL ESTATE > UNIT 2 REAL PROPERTY AND THE LAW > Flashcards

UNIT 2 REAL PROPERTY AND THE LAW Flashcards

1
Q

ACCRETION

A

The increase in land due to natural causes

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2
Q

AIR RIGHTS

A

The right to use the open space above a property.

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3
Q

ANNEXATION

A

Process of converting personal property to real property.

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4
Q

APPURTENANCES

A

The rights and improvements that are transferred with the land unless reserved or expected.

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5
Q

AREA PREFERENCE

A

Peoples desire of one area over another.

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6
Q

AVULSION

A

The sudden tearing away of land.

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7
Q

BUNDLE OF RIGHTS

A

The concept of land ownership that includes ownership of all legal rights to the land.

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8
Q

EMBLEMENTS

A

The right of a tenant farmer to harvest crops after the lease expiration.

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9
Q

EROSION

A

The gradual wearing away of land.

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10
Q

FIXTURE

A

Personal property that has been converted to real property.

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11
Q

IMPROVEMENT

A

Any property that enhances the value of the property.

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12
Q

LAND

A

The earth’s surface; extending down to the center of the earth and upward infinitely into space.

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13
Q

LITTORAL RIGHTS

A

Rights adjacent to lakes or oceans.

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14
Q

MANUFACTURED HOUSING

A

Dwellings built offsite.

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15
Q

NONHOMOGENEITY

A

No two parcels of land are identical.

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16
Q

REAL ESTATE

A

land, portion of the earth’s surface.

17
Q

REAL PROPERTY

A

Benefits and rights inherent in real estate ownership

18
Q

RIPARIAN RIGHTS

A

Water rights along a stream or river.

19
Q

SEVERANCE

A

Detaching an item of real property and converting it to personal property.

20
Q

SITUS

A

The location of land for legal purposes.

21
Q

SUBSURFACE RIGHTS

A

Ownership rights over minerals and other substances found below a property.

22
Q

SURFACE RIGHTS

A

Rights limited to the surface of real property.

23
Q

TRADE FIXTURES

A

Personal property that is installed by a tenant under the terms of a lease that may be removed before expiration of the lease.

24
Q

WATER RIGHTS

A

Interest that may attach to real estate ownership and pertain to the rights to use adjacent bodies of water.

NATIONAL REAL ESTATE (21 decks)

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