Shared Flashcard Set

Details

Chapter 1-Property
n/a
11
Real Estate & Planning
Not Applicable
02/11/2014

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Two Categories of property
Definition
Real Property and Personal Property
Term
Property
Definition
things plus the rights of ownership
Term
chattels
Definition
another name for Personal property
distinguishing characteristic-mobility
Term
bill of sale applies to
Definition
sale of personal property
Term
Deed applies to the sale of
Definition
real property transfer
Term
Real Estate
Definition
land plus things attached to the land by nature or by man and the legal rights of ownership that go with that land
Term
Appurtenances
Definition
things permenently affixed to land
Term
Land is 3 dimentional-what are the parts
Definition
Subsurface rights (Earths center, surface, air rights (indefinate hights)
Term
Fuctus Naturales
Definition
grown naturally and require no annual cultivation-considered real property and automatically go with the land
Term
fructus industriales
(AKA Emblements)
Definition
crops-harvested periodically
considered personal property
Term
Improvements
Definition
artificial attachments to land
(example:fence, driveway pools and mobile homes if attached to land)
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