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10 Cards in this Set

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