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19 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Questions
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Answers
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hint
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Accession
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Adding to property by man or nature
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property
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severance
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process of turning real property into personal property by "severing" it from the property
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property
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allodial
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the capitalist system that allows for ownership of real property
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property
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appurtenant
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things attached to the land or deed
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property
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Bill of Sale
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the manner in which the sale of PERSONAL PROPERTY is documented
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property
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Chattel
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synonym for personalty, personal property
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property
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corporeal
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term used to describe something which is physical, tangible
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property
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deed
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the document that serves as evidence of ownership, as well as the document of conveyance
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property
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emblements
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crops nurtured in the year of sale or lease=personal property
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property
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Fixture
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that which is attached to the phusical property w/o losing it's identity ALWAYS considered real property
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property
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improvements
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man made modifications to real property
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property
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incorporeal
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that which is not tangible-easments or leasehold rights
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property
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lateral support
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support given to adjoining land, such as a retaining wall
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property
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mineral rights
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real property subsurface extending downward to the center of the earth
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property
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non-homogenous
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no two properties are alike
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property
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personal property
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moveable and destructable property, the opposite of real property , chattel, personalty
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property
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situs
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location
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property
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trade fixture
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always personal property, fixtures necessary for the trade performed in the property ie dentist chair
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property
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