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40 Cards in this Set
- Front
- Back
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REAL PROPERTY
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Land, Attachments, Appurtenances
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PERSONAL PROPERTY
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Anything that is not real property; its main characteristic is mobility.
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APPURTENANCES
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Right to incidential to the land that is transferred with it.
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TRADE FIXTURES
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Personal Property attached to real property by a tenant for use in their business or trade. Trade fixtures are removable by the tenant.
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RIPARIAN RIGHTS
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Water rights of a landowner whose land borders on a stream or other surface of water. (flowing water)
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LITTORAL LAND
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Land bordered by a stationary body of water, such as lake or pond.
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METES AND BOUNDS
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A system of land description in which the boundaries of a parcel of land are described by references to mounuments, courses, and distance.
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MONUMENTS
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Visible marker (natural or artifical) used in a survey or a metes and bounds description to establish the boundaries of a piece of property.
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PRINCIPAL MERIDIAN
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In the Government System, the main north-south line in a particular grid used as the starting point in numbering the ranges and township tiers.
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LOTS AND BLOCKS
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System description used for subdivided land. The properties w/in a subdivison are assigned lot #'s on a plat map, which is recorded; location and dimensions of a particular lot can be determined by consulting the recorded plat
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AIR RIGHTS
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Landowner has exlusive right to use th elower reaches of airspace over their property, but are prohibited from interfering w/ normal air traffic
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WATER RIGHTS
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Found on both surface and beneath the surface of earth water may be confined to a channel (river/stream) or a basin (pond/lake), unconfined are as run-off or flood waters.
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GROUND WATER
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Land owners have "overlying rights" in regards to the ground water in aquifers beneath their property.
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SOLID MINERAL RIGHTS
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Land owners own all the solid minerals w/in the "inverted pyramid" under the surface of their property. These minerals are considered real property until the become extracted from the land which they will then become personal property. (think of triangle)
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OIL AND GAS RIGHTS
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Ownership of oil and gas is governed by the "rule of capture". This is, a land owner owns all the oil and gas produced from "wells" on their property. Oil and gas becomes personal property of the land owner once they are brought to the surface.
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SUPPORT RIGHTS
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Right to the natural support provided by the land beside and beneath their land.
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LATERAL RIGHTS
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Is support from adjacent land (left, right, back, and front)
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SUBJACENT RIGHTS
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Support from the underlying earth. (underneath)
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ATTACHMENTS
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There are 2 types of attachments, natural and man-made.
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NATURAL ATTACHMENT
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Things attached to the earth by roots, such as trees, shrubs, and crops. These are almost classifed as real property. Special rule applies to tenant farmers who is evicted through no fault of their own, are able to harvest the 1st crop. This is known as "Doctrine of Emblements"
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REAL PROPERTY
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Land, Attachments, Appurtenances
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PERSONAL PROPERTY
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Anything that is not real property; its main characteristic is mobility.
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APPURTENANCES
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Right to incidential to the land that is transferred with it.
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TRADE FIXTURES
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Personal Property attached to real property by a tenant for use in their business or trade. Trade fixtures are removable by the tenant.
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RIPARIAN RIGHTS
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Water rights of a landowner whose land borders on a stream or other surface of water. (flowing water)
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LITTORAL LAND
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Land bordered by a stationary body of water, such as lake or pond.
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METES AND BOUNDS
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A system of land description in which the boundaries of a parcel of land are described by references to mounuments, courses, and distance.
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MONUMENTS
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Visible marker (natural or artifical) used in a survey or a metes and bounds description to establish the boundaries of a piece of property.
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PRINCIPAL MERIDIAN
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In the Government System, the main north-south line in a particular grid used as the starting point in numbering the ranges and township tiers.
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LOTS AND BLOCKS
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System description used for subdivided land. The properties w/in a subdivison are assigned lot #'s on a plat map, which is recorded; location and dimensions of a particular lot can be determined by consulting the recorded plat
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REAL PROPERTY
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Land, Attachments, Appurtenances
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|
|
PERSONAL PROPERTY
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Anything that is not real property; its main characteristic is mobility.
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APPURTENANCES
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Right to incidential to the land that is transferred with it.
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TRADE FIXTURES
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Personal Property attached to real property by a tenant for use in their business or trade. Trade fixtures are removable by the tenant.
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RIPARIAN RIGHTS
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Water rights of a landowner whose land borders on a stream or other surface of water. (flowing water)
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LITTORAL LAND
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Land bordered by a stationary body of water, such as lake or pond.
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METES AND BOUNDS
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A system of land description in which the boundaries of a parcel of land are described by references to mounuments, courses, and distance.
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|
|
MONUMENTS
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Visible marker (natural or artifical) used in a survey or a metes and bounds description to establish the boundaries of a piece of property.
|
|
|
PRINCIPAL MERIDIAN
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In the Government System, the main north-south line in a particular grid used as the starting point in numbering the ranges and township tiers.
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|
|
LOTS AND BLOCKS
|
System description used for subdivided land. The properties w/in a subdivison are assigned lot #'s on a plat map, which is recorded; location and dimensions of a particular lot can be determined by consulting the recorded plat
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