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Principles of Real Estate
Exam 1
6
Real Estate & Planning
Undergraduate 3
09/26/2010

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Cards

Term
Tangible Property
Definition
physical property classified as:
real property--non-movable
personal property--movable
Term
Intangible Property
Definition
non-physical property including:
financial interests, intellectual property, contractual rights
--most importantly--rights associated with tangible property
Term
Improvements TO the land
Definition
infrastructure--below
-excavation (remove) and fill (add)
-sanitary sewers, utilities, storm water (detain/retain)
-roads, curbs, gutters sidewalks
Term
Structures on the land
Definition
buildings--vertical improvements
Term
Real Estate--Tangible Property includes...
Definition
-improvements to the land
-structures on the land
-acre-43,560 sf
Term
Intangible Property--Bundle of Rights
Definition
can be bundled/unbundled in many ways
-possession/exclusion
-use/enjoyment
-disposition
-pledge
- extraction
-control
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