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26 Cards in this Set
- Front
- Back
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Real Property is defined as:
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1) Land
2) anything permanently affixed to land 3) anything incidental/appurtenant to land 4) immovable |
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define real property
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1) Land
2) permanently attached to land 3) appurtenant/incidental to land 4) immovable |
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Riparian right
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use of moving free water under, on, or near land
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Littoral Right
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Use of non flowing body of water near land
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Percolating water
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Underground water
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Appropriation
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Use of underground water surplus for non owners
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Allocation
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Taking
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Potable water
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Water suitable for human consumption
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Surface water rights
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Prohibit diversion of rain runoff to neighbor
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Improvements become real property when
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They are permanently incorporated, integrated in, or attached to the land
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Appurtenant
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Ownership transfers with the land automatic
ie easement |
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Define personal property
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Anything movable
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Emblement
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Planted growing crops cultivated annually on leased land
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Title vs bill of sale
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1)Title passed with deed
2) Bill of sale passed with personal property |
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MARIA method is used for
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Determining if an item is a fixture
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M.A.R.I.A. Stands for
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1)Method of attachment
2)adaptability 3)relationship of the parties 4)intention 5)agreement |
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Metes and bounds method of property identification
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Irregular parcels - surveyors maps
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Sections and townships method of property identification
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rural - US government survey
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Lots blocks and tracts method of property identification
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Cities - recorded subdivision
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Base line
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East and west
Humboldt base line Mount Diablo base line San Bernardino base line |
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Meridian line
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North and south
Humboldt meridian Mount Diablo meridian San Bernardino meridian |
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Tier line
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East and West lines parallel to baseline
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Range lines
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North and south lines parallel to Meridian
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chattel
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Goods or non real property
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chattel real
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Personal property related to real estate
ie lease |
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Bundle of rights
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Possession
enjoyment control disposition |
