Vocab Flashcards
Personal property
Moveable property
such as potted plants, furniture, cars, documents
Bill of sale
The proof of sale of an item transferred from one person to the next
Example: Walmart receipt
Real property
Everything that is attached to the land and the rights that accompany it
Erosion (Avulsion)
The tearing away of land due to natural causes
Accretion
The increase of land due to natural causes
Heterogeneity
No two parcels of land are the same because land is different from place to place
Appurtenance
The rights and improvements that are transferred with the land unless reserved or excepted
Emblements
Annual crops-fructus industrials
Are personal property
- the rights of a tenant farmer to harvest crops after the lease has expired
Riparian rights
Water rights next to a river or stream
Littoral rights
Water rights next to a lake or ocean
Fixture
An item which was once personal property but has been permanently attached to and has become real property
Conversion
The process of changing real property to personal property or personal property to real
Police power
Right to enact laws for health, safety and welfare of the public
Eminent domain
The right to take private property for public use with just compensation paid
Condemnation
The process of taking property through eminent domain