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10 Cards in this Set
- Front
- Back
Air rights
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The right to use the open space above a property, generally allowing the surface to be used for another purpose.
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Appurtnance
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A right, privilege, or improvement belonging to, and passing with the land.
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Bundle of legal rights
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The concept of land ownership that includes ownership of all legal rights to the land—for example, possession, control within the law, and enjoyment.
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Chattel (Personal property)
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Items, called chattels, which do not fit into the definition of real property; movable objects.
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Emblements
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Growing crops, such as grapes and corn, which are produced annually through labor and industry; also call fructus industrials.
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Fixture
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An item of personal property that has been converted to real property by being permanently affixed to the realty.
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Improvement
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(1)Any structure, usually privately owned, erected on a site to enhance the value of the property for example, building a fence or driveway. (2)A publicly owned structure added to or benefiting land, such as a curb sidewalk, street, or sewer.
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Land
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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.
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Personal property
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Items, called chattels, which do not fit into the definition of real properly; movable objects.
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Severance
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Changing an item of real estate to personal property by detaching it from the land; for example, cutting down a tree.
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