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11 Cards in this Set
- Front
- Back
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Accession |
Aquiring tile to additions or improvements to real property as a result of the annexation of fixtures or teh accretion of alluvial deposits along the banks of streams |
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Air Rights |
The right to use th open space above a property, usually allowing the surface to be used for another purpose |
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Annexation |
Process of converting personal property into real property |
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Appurtenance |
A right, privilege, or improvement belonging to, and passing with, the land, "runs with the land" |
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Area Preference |
People's desire for one area over naother, based on a number of facetors such as history, reputaion, convenience, scenic beauty, and location. |
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Bundle of Legal Rights |
The concept of land ownership that includes ownership of all legal rights to the land - possession, control with the law, enjoyment, excluion, and disposition. |
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Chattel |
SAME AS PERSONAL PROPERTY |
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Emblements |
Growing crips, such as corn, that are produced annually through labor and industry; also called "fructus industrials" |
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Fixture |
An item of personal property that has been converted to real property by being permanently affixed to teh realty. |
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Improvement |
1. Any structure, usually privately owned, erected on a site to enhance the balue of the property.
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Land |
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water. |
