Term
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Definition
physical property classified as:
real property--non-movable
personal property--movable |
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Term
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Definition
non-physical property including:
financial interests, intellectual property, contractual rights
--most importantly--rights associated with tangible property |
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Term
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Definition
infrastructure--below
-excavation (remove) and fill (add)
-sanitary sewers, utilities, storm water (detain/retain)
-roads, curbs, gutters sidewalks |
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Term
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Definition
| buildings--vertical improvements |
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Term
| Real Estate--Tangible Property includes... |
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Definition
-improvements to the land
-structures on the land
-acre-43,560 sf |
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Term
| Intangible Property--Bundle of Rights |
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Definition
can be bundled/unbundled in many ways
-possession/exclusion
-use/enjoyment
-disposition
-pledge
- extraction
-control |
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