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Definition
| Land and structures that are attached to it. |
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Definition
| the legal interests associated with the ownership of real estate. |
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Term
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Definition
| ownership interests in real property |
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Term
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Definition
| term used to describe ownership interests without regard to the number of owners |
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Term
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Definition
when a life tenant is someone other than the person whose life the life estate is tied to.
(estate for the life of another) |
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Term
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Definition
| an item that was once personal property but has become part of the real estate. |
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Term
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Definition
ownership interests in real property
are separated into presently possessed interests and those that may be possessed in the future. |
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Definition
| a tenants rights to use and possess(but not own) a property as defined in a lease agreement. |
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Term
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Definition
| property rights associated with the space above the surface of the earth. |
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Term
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Definition
| ownership rights associated with minerals that may be located below the surface of the earth. |
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Term
| Real Estate Legal Analysis |
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Definition
| considers issues related to the leagal concept of real estate owwnership. Define various ownership interests one can obatain in real estate, deed, and legal description methods, and private and public limitations on ownership. |
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Term
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Definition
| theory that permits landowners whose land underlies or borders non-navigable bodies of water to use all the water needed as long as the use does not deprive other landowners who are also entitledd to use some of the water. |
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Term
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Definition
| owner of land that adjoins navigable bodies of water. |
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Term
| prior appropriation theory |
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Definition
| theory that states that the first person to use a body of water for some benifical economic purpose has the right to use all the water needed, even though landowners who later find a use for the water may be precluded from using it. |
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