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7 Cards in this Set

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