Term
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Definition
| land at, or above, and below the earth's surface, plus all things permanently attached to it, whether natural or artificial |
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Definition
| The interests, benefits, and rights that are automatically included in the ownership of of land and real estate |
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Definition
| Any artificial thing attached to the land(fence, deck) |
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Term
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Definition
| Right of possession, control, enjoyment, exclusion, disposition |
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Term
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Definition
| Right or privilege associated with property , although not necessarily part of it |
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Definition
| The use of the surface of earth |
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Definition
| Rights to the natural resources below the earth's surface |
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Definition
| Rights to use the space above the earth |
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Definition
| Special common law rights held by owners of land adjacent to rivers, lakes, or oceans and are restrictions on the land ownership |
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Term
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Definition
| Items of personal property |
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Term
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Definition
| Dwellings that are not constructed at the site but built off-site and trucked to a building lot where they are installed or assembled |
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Term
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Definition
| Trees, perennial shrubbery, and grasses that do not require annual cultivation |
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Term
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Definition
| AKA Emblements. Annualy cultivated crop such as fruit, vegetables, and grain. |
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Term
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Definition
| When real property becomes personal property |
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Term
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Definition
| When personal property becomes real property |
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Term
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Definition
| Personal property that hasbeen so affixed to land or a building that, by law, it becomes part of the real property |
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Term
| Four Economic Characteristics of Real Estate |
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Definition
Scarcity
Improvements
Permanence of investment
Location or area preference |
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Term
| Three Physical Characteristics of Real Estate |
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Definition
Immobility
Indestructibilty
Uniqueness |
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Term
| Laws Affecting Real Estate |
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Definition
Contract Law
General property law
Agency law
Real estate license law
Federal regulations
Federal, state, and local tax laws
Zoning and land-use laws
Federal, state, and local environmental regulations |
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