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7 Cards in this Set
- Front
- Back
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Real Property ownership is often described as?
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bundle of rights
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when a person purchases a parcel of land they are purchasing....
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right of possession, use, enjoyment,exclusion and disposition(alienation)
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a specific tract of land is known as a
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Parcel
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buidings erected on land,and streets , utilities and other manufactured additions are called
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Improvements
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land bordering oceans, seas and lakes vs. land bordering lakes and streams...
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littoral rights vs. riparian rights
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an increase in land caused by the gradual depositing of solid material is called
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accretion
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any real or personal property that can be inherited is called a
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hereditament
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