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8 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Personal Property |
Goods and Tangible/Intangible interests |
(Cars, jewelry, horses, stocks, bonds, mortgages) |
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Trade Fixture |
Anything affixed to the land that is personal properly necessary to the tenant or business. |
Special type of Personal Property Tenant responsible for any damage when removing. Must be removed before or by lease expiration unless reasonably agreed upon between landlord and tenant. Fructi |
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Fructus Industriales |
Growing crops (AKA emblements or “Fruits of Labor”) Despite being affixed for the land, it remains personal property and tenant has the right to remove crops even after lease expires. |
Special type of Personal Property. Designed to protect farmers who lease or sale land. |
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Real Property |
Land (includes natural items like trees and improvements or fixtures. |
Real Estate |
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Fructus Naturales |
Latin Phrase for “Fruits of Nature” Can not be removed without agreement. |
Permanent plants |
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Fixtures |
Items that have been affixed to Real Property (land) |
Fences, Bricks, Trees. Can only be removed by act of severance, if possible. |
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Method of attachment. |
How permanently something is attached to the Real Property (Real Estate/Land) |
Freestanding Fridge VS. built-in Fridge. |
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Adaptation |
An object made to fix a particular feature of the real estate |
Key. Bay window. |
