Term
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Definition
| THE EARTH'S SURFACE TO THE CENER OF THE EARTH AND THE AIRSPACE ABOVE THE LAND INCLUDING TREES AND WATER |
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Term
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Definition
| LAND PLUS PERMENANT HUMAN-MADE ADDITIONS |
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Term
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Definition
| REAL ESTATE PLUS THE BUNDLE OF RIGHTS |
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Term
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Definition
- RIGHT OF POSSESSION
- RIGHT TO CONTROL THE PROPERTY WITHIN THE FRAMEWORK OF THE LAW
- RIGHT TO ENJOYMENT
- RIGHT TO EXCLUSION
- RIGHT OF DISPOSITON
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Term
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Definition
| RIGHT TO OWNERSHIP AND EVIDENCE OF OWNERSHIP |
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Term
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Definition
| WRITTEN DOCUMENT BY WITH TITLE IS TRANSFERRED |
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Term
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Definition
| RIGHT OR PRIVILEDGE ASSOCIATED WITH REAL PROPERTY SUCH AS A PARKING SPACE, EASEMENT, ETC. |
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Term
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Definition
| ALSO CALLED CHATTLES IS ALL PROPERTY THAT IS NOT REAL PROPERTY AND IS MOVABLE |
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Term
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Definition
| Conversion of personal property into real property |
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Term
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Definition
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Term
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Definition
| Rights to natural resources below the earth's surface. |
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Term
Another name for
Emblements |
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Definition
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Term
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Definition
| Annual plantings or fructus industriales that are considered personal property |
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Term
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Definition
| Trees and crops not needing cultivation and are real property. Convey with land. |
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Term
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Definition
| Personal property that becomes affixed to land that by law becomes real property |
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Term
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Definition
- Method of annexation
- Adaptation to real estate
- Agreement
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Term
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Definition
| Business personal property |
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Term
| 2 Characteristics of Real Property |
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Definition
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Term
| 4 Economic Characteristics |
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Definition
- Scarcity
- Improvements
- Permanence of Investment
- Location
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Term
3 Physical Characteristics |
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Definition
- Immobility
- Indestructibility
- Uniqueness
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Term
| 5 Categories of Real Property |
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Definition
- Residential
- Commercial
- Industrial
- Agricultural
- Special-Purpose
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Term
| 4 Factors affecting supply |
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Definition
- labor force
- construction costs
- government controls
- government financial policies
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Term
| 3 factors affecting demand |
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Definition
- population
- demographics
- employment/wage levels
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Term
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Definition
| process of estimating a property's market value |
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Term
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Definition
| business of bringing people together in a real estate transaction |
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Term
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Definition
| person who manages and maintains land for an owner. |
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Term
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Definition
| through visual survey of a property's structure, systems and site conditions |
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