Details Title: Fundamentals Description: Washington Real Estate Fundamentals Total Flash Cards: 15 Created: 04/26/2008 18:03:06		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Real Estate & Planning Flashcards
Cards in this set: Term Real Property Definition Land, attachments, and appurtenances. Term Personal Property Definition Anything that is not real property its main characteristic is movability. Term Appurtenance Definition A right incidental to the land that is transferred with it. Term Emblements Definition Crops, such as wheat, produced annually through the labor of the cultivator. Term Trade Fixtures Definition Personal property attached to real property by a tenant for use in a trade or business. Trade fixtures are removable by the tenant. Term Riparian Rights Definition Water rights of a landowner whose land borders on a stream or other surface water. Riparian rights allow only reasonalbe use of the water. Term Littoral land Definition Land bordered by a stationary body of water, such as a lake or pond. Term Appropriative rights Definition Water rights established by obtaining a government permit and not based on ownership of land beside a body of water. Term Lateral support Definition The support that a piece of land receives from the surrounding land. Term Subjacent support Definition The support that a piece of land receives from the underlying land. Term Metes and bounds Definition A system of land description in which the boundaries of a parcel of land are described by reference to monuments, courses, and distances. Term Monument Definition A visible marker (natrual or artificial) used in a survey or a metes and bounds description to establish the boundaries of a piece of property. Term Point of beginning Definition The starting point in a metes and bounds description; a monument or a point described by reference to a monument. Term Course Definition In a metes and bounds description, the length of a boundary, measured in pass bearing. Term Distance Definition In a metes and bounds description, the length of a boundary, measured in any convenient unit of length.