Real Estate Key Terms Textbook

Front 1

Accession

Back 1

Trade fixtures that are not removed because the real property of the landlord acquiring to the property in this way

Front 2

Accretion

Back 2

The amount of land an individual owns may be affected by the natural actions of the water and owner is until to all land created through increasing in the land resulting from the deposit of soil By the Waters action

Front 3

Air Rights

Back 3

The right to use the space above the Earth may be sold or leased independently provides the right have not been limited by law

Front 4

Annexation

Back 4

Items of personal property that can become real property such as construction material

Front 5

Appurtenance

Back 5

Something that is transferred with or runs with the land in a right or privilege associated with the property although not necessarily a physical part of it

Front 6

Area Preference

Back 6

Is commonly referred as location location location

Front 7

Avulsion

Back 7

Is a sudden removal of soil by an act of nature

Front 8

Bundle of Legal Rights

Back 8

Includes the right of possession and control enjoyment exclusion and deposition also known as ownership rights for a real property

Front 9

Chattel

Back 9

Items of personal property including tangible as chairs tables clothing money bonds and bank account.

Front 10

Emblements

Back 10

Annually cultivated crops such as fruits vegetables and grains are generally considered personal property

Front 11

Erosion

Back 11

is the gradual and sometimes imperceptible wearing away of the land by natural forces such as wind, rain and flowing water

Front 12

Fixture

Back 12

Is personal property that has been so attached to the land or a building that bylaw it becomes a part of the real property examples are kitchen cabinets light fixtures and Plumbing.