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4 Cards in this Set
- Front
- Back
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Text definition to LAND
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Land is defined as the earth's surface extending downward to the center of the earth and upward into space, including permanent natural objects such as trees and water
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Text definition of REAL ESTATE
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Land plus permanent human made additions
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Text definition of REAL PROPERTY
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Real Estate plus "Bundle of legal rights"
Foot Note: Definition of "Bundle of Legal Rights" |
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Text definition of Real Property (cont'd)
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Real property is defined as the physical land or real estate plus the interests, benefits, and rights that are associated with its ownership.
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