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19 Cards in this Set

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