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Real Estate Prep Course Florida Nov 2021
Glossary Terms Unit 1: The Nature and Description of Real Estate
10
Real Estate & Planning
Undergraduate 1
11/09/2021

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Term
Erosion
Definition
The gradual loss of land due to natural causes
Term
Improvement
Definition
An item affixed to land with the intent of being permanent
Term
Personal Property (chattel)
Definition
All property other than real estate
Term
Fixture
Definition
An object that was once personal property but has been attached to an improvement so as to become real estate
Term
Real Property
Definition
Land and its improvements and the rights to own or use them
Term
Trade Fixtures
Definition
Tenant installed additions which are a necessary part of the tenant’s trade or business
Term
Situs
Definition
The economic characteristic of real property that causes land to be affected by actions in the surrounding areas
Term
Metes and Bounds
Definition
A type of property description that utilizes distance and direction to proceed around the property and return to the point of beginning
Term
Plat
Definition
A recorded map that shows the lots, divisions, and street locations in a subdivision
Term
Principal Meridian
Definition
The imaginary north-south line that intersects the baseline and is used as the reference line for numbering ranges
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