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10 Cards in this Set
- Front
- Back
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Land
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includes what is on the surface, attached by nature, and eveything that is below the surface
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Real Estate
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land and whatever is permanently attached by man or nature
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Improvement
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any addition to the land intended to increase the value
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Real Property
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the rights and interests an owner has in the real estate
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Personal Property
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everything that is not attached to the land or building
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Chattles
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a term that means personal prperty
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Bill of Sale
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written evidence of the transfer of title of personal property
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fixture
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an item of personal property that has been changed to real property as a result of permanent attchment
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The four guidlines of defining a fixture
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Contract,Intention,Annexation,Adapation
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Trade Fixture
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a special fixture owned and installed by a business tennat into a rental unit as a necessary part of business
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