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
- 3rd side (hint)
|
Physical components of real estate include: |
- land -anything affixed to the land (such as a fixture) -anything appurtenances to the land -anything which cannot be removed from the land by law |
|
|
|
Fixture |
- personal property item which has become permanently attached to the real estate -when personal property becomes a fixture, it is part of the real estate and is thereafter conveyed with it |
|
|
|
Fixtures test: M.A.R.I.A. |
M= method of attachment A= agreement of the parties R=relationship of the parties I=intention of the parties A= adaptability of the fixture |
M.A.R.I.A. |
|
|
Trade fixtures |
-used to render services or make products for the trade or business of a tenant, are always personal property |
|
|
|
Primary component of real estate is: |
Land |
|
|
|
Land includes: |
- soil - rocks - other materials of the earth - the reasonable airspace above the earth |
|
|
|
Improvements … |
are structures built upon land |
|
|
|
Improvements consisting of: |
- foundations - framing - roofing |
|
|
|
Foundations: |
generally built as slab foundations or as footings supporting floor joists and sub flooring containing a crawl space below it |
|
|
|
Framing, consisting of: |
-joists (and headers which are horizontal) -studs (which are vertical) -rafters (which are angled to the roof beam) -roofing |
|
