Unit 2: Real Property and the Law Flashcards

1
Q

Accession

A

Acquiring title to additions or improvements to real property as a result go the annexation of fixtures or the accretion of alluvial deposits along the banks of stream.

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2
Q

Accretion

A

The increase or addition of land by the deposit of soil wash up naturally from a river, lake, or sea.

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3
Q

Air Rights

A

The right to use the open space above a property, usually allowing the surface to be used for another purpose.

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4
Q

Annexation

A

Process of converting personal property into real property,

Example: Using materials (personal property) to create concrete and construct a sidewalk (real property)

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5
Q

Appurtenance

A

A right, privilege, or improvement belonging to, and passing with the land. “Runs with the land”

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6
Q

Area Preference

A

People’s desire for one area over another based on a number of factors such as history, reputation, convenience, scenic beauty, and location.

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7
Q

Avulsion

A

The sudden tearing away of land, as by earthquake, flood, volcanic action, or the sudden change in the course of a stream.

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8
Q

Bundle of Legal Rights

A

The concept that land ownership includes ownership of all legal rights to the land- possession, control within the law, enjoyment, exclusion, and disposition

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9
Q

Chattel

A

Personal property

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10
Q

Emblements

A

Growing crops, such as corn that are produced annually through labor and industry, also called fructus industriales

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11
Q

Erosion

A

The gradual and sometimes imperceptible wearing away of the land by natural forces, such wind, rain, and flowing water

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12
Q

Fixture

A

An item of personal property that has been converted into real property by being permanently affixed to the realty, aka kitchen cabinets. (determined by MARIA)

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13
Q

Improvement

A

(1) Any structure, usually privately owned, erected on a site to enhance the value of the property (e.g., building, fence, or driveway) (2) A publicly owned structure added to or benefiting the land (e.g., a curb, sidewalk, street, or sewer)

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14
Q

Land

A

The earths surface, extending downward to the center of the earth and Iowa’s infinitely into space, including things permanently attached by nature, such as trees.

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15
Q

Littoral Rights

A

(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.

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16
Q

Manufactured Housing

A

Dwellings that are built off site and trucked to a building lot where they are assembled and installed.

17
Q

Nonhomogeneity

A

uniqueness.

18
Q

Personal Property

A

Items, called chattels, that do not fit into the definition of real property. Moveable objects. Sold by bill of sale.

19
Q

Prior Appropriation

A

a concept of water ownership in which the landowners rights to use available water is based on a government administered permit system

20
Q

Real Estate

A

Land;

21
Q

Real Property

A

The interests, benefits, and rights inherent in real estate ownership; often used as a synonym for real estate

22
Q

Riparian Rights

A

An owners right in land that borders on or includes a stream, river, or lake. These rights include access to and use of the water.

23
Q

Severance

A

Changing an item of real estate to personal property by detaching it from the land. (e.g., cutting down a tree)

24
Q

Situs

A

The location of land for legal purposes; the jurisdiction in which land is located

25
Q

Subsurface Rights

A

Ownership rights in a parcel of real estate to the water, minerals, gas, oil and so forth that lie beneath the surface or the property.

26
Q

Trade Fixture

A

An article installed by a tenant under the terms of the lease that is removable by the tenant before the lease expires.

27
Q

Water Rights

A

Common law rights held by owners of land adjacent to rivers, lakes, or clean includes restrictions on those rights and lawn ownership