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22 Cards in this Set

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Trade fixture

Articles of personal property and annexed to real property, but which are necessary to the carrying on of a trade and are removable by the owner of the fixtures

Riparian rights

The right of a land owner to flowing water on, under, or adjacent to his land.

Real property

Is the right or interest that a person has in the land or anything attached to the land.

Range

A strip of land six miles wide determined by a government survey, running in a north - south direction.

Potable water

Refers to water that is suitable for human consumption.

Good for humans

Personal property

Is any property that is movable and can not be properly classified under the definition of real property.

Example your toaster personal

Metes and bounds

(Measuring boundaries) is the oldest and least reliable method of identifying property by its boundaries, distances and angles from a given starting point

Meridian lines

Are vertical lines that run north and south from any one of the three starting points in California.

Fixtures

Are items of personal property that are attached to, or incorporated into, the land in such a manner as to become real property.

emblements

What are planted growing crops that are cultivated annually by a tenant farmer on leased land.

Condominium

A system of individual fee ownership of units in a multi-family structure, combined with joint ownership of common areas of the structure and land.( sometimes referred to as a vertical subdivision).

Commission

An agent's compensation for performing the duties of his / hers agency, in real estate practice, a percentage of the selling price of property, percentage of rental, etc.

Chattel or chattel real

A personal property interest related to real estate, such a lease on real property.

Bundle of rights

Beneficial interest or rights attached to the ownership of real property

Bill of sale

A written instrument given to pass title of personal property from vendor to vendee

Base lines

Is a horizontal line that runs east and west from any 1 of 3 starting points in California.

Airspace

is the right to the use of the airspace above the surface of the earth.

Acre

Is 43,560 square feet; 4,840 square yards

Township

Standard) is 6 miles by 6 miles (36 square miles).

Section

Is one mile square, containing 640 acres.



Admission date


Couldn't find the definition

ROD

This old unit of measurement is 16 1/2ft long (5.5 yards)