Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
Corporeal |
actual possession of the property. |
|
|
Incorporeal |
rights in a property, rather than possession of land. |
|
|
Freehold |
an ownership in real property, an estate. |
|
|
Leasehold |
a possession of real estate such as leasing rather than ownership. |
|
|
Interest |
is a right, a claim, title or legal share in a property. |
|
|
What does Real Estate Include? |
Land plus appurtenances Man-made appurtenances. Natural Appurtenances Air Rights, Gas rights, solar rights, light and sound rights, mineral rights and surface rights. Water rights |
|
|
Land Appurtenances |
rights, priviledges and improvements that belong to and pass with transfer of property |
|
|
Man-made Appurtenances |
houses, fences, barns, pools (man made added to the property) |
|
|
Allodial System |
A system of real property in which individuals may fully own all the rights associated with the property and dispose of property as they wish. |
|
|
Bundle of Rights |
beneficial interested associated with real property interest |
