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11 Cards in this Set
- Front
- Back
Improvement
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Any artificial thing attached to the land, such as a building or a fence as well as infrastructures, such as sewers.
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Real Property
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The interests, benefits, and rights that are automatically included in the ownership of land and real estate.
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Bundle of Legal Rights
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Includes rights of: Possession, control, enjoyment, exclusion (to keep others off property), and disposition (to sell, transfer, dispose of property.)
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Appurtenance
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*Runs with the land* A right or privilege associated with the property, although not necessarily a part of it.
Examples: parking spaces, easements, water rights. |
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Water Rights
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Rights held by owners of land adjacent to rivers, lakes, or oceans and are restrictions on the rights of land ownership.
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Chattels
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Another term for personal property - movable objects
Examples: chairs, tables, clothing, money, bank accounts. |
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Emblements
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*Aka fructus industriales* Annually cultivated crops such as fruit, vegetables, and grain. Generally considered personal property.
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Perennial Crops
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Not personal property, transfer with the land.
Examples: orchards, vineyards. |
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Severance
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Separating from the land. Any item of real property can become personal property by severance.
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Annexation
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The process by which personal property becomes real property.
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Fixture
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Personal property that has been affixed to land or a building. By law, it becomes part of the real property.
Examples: Heating systems, kitchen cabinets, light fixtures, plumbing. |