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WA RE Fundamentals
The Nature of Real Property
35
Real Estate & Planning
Not Applicable
06/16/2010

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
'real property' is AKA:
Definition
realty
Term
'personal property' is AKA:
Definition
personalty
Term
real property
Definition
land, attachments, appurtanences
Term
bundle of rights includes (7):
Definition

- possess

- use

- enjoy

- encumber

- will

- sell

- do nothing at all with land

Term
appurtanence
Definition
a right incidental to the land that is transferred with it
Term
riparian rights
Definition
water rights with respect to water that flows through or adjacent to property
Term
littoral rights
Definition
water rights of property bordered by stationary body of water such as a lake or pond
Term
prior appropriation
Definition
water rights established by obtaining government permit, & not based on ownership of land beside a body of water
Term
overlying rights
Definition
water rights regarding ground water in aquifers beneath property
Term
'rule of capture'
Definition
governs ownership of oil and gas; landowner owns all oil and gas produced from wells on their property
Term
support rights
Definition
the right to the natural support provided by the land beside and beneath ones property
Term
lateral support
Definition
the support that a piece of land receives from the surrounding land
Term
subjacent support
Definition
the support that a piece of land receives from underlying earth
Term
2 types of attachments:
Definition

1. man-made

 

2. natural

Term
fixtures
Definition
attachements made by people
Term
emblements
Definition
crops that are produced annually through the labor of the cultivator, such as wheat
Term
Distinguising fixtures from personal property is done by a series of tests (4):
Definition

MIRA

 

Method of attachment

 

Intent of annexor

 

Relationship of parties

 

Adaptation of item to realty

Term
title elimination
Definition
a procedure required for a manufactured home to become real property
Term
Government survey
Definition
system of land description in which the land is divided into squares called townships, and each township is, in turn, divided up into 36 sections, each one square mile
Term
datum
Definition
regarding air lots, an established plane of elevation
Term
principal meridian
Definition
in government survey system, the main north-south line in a particular grid, used as the starting point in numbering the ranges and township tiers
Term
range
Definition
in government survey system, a strip of land six miles wide, running north and south
Term
base line
Definition
original east-west line in governement survey system
Term
What is Washington's principal meridian?
Definition
Willamette Meridian
Term
township lines
Definition

east-west lines in government survey system

 

 

------------------

------------------

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Term
range lines
Definition

north-south lines in government survey system

 

l l l

l l l

l l l

l l l

l l l

l l l

Term
guide meridian
Definition
every forth range line in government survey system
Term
'government survey system' is AKA:
Definition
rectangular survey system
Term
township
Definition

the intersection of a range and a township tier in the government survey system

 

the parcel of land is 6 miles square and contains 36 secions

Term
township tier
Definition
the strip of land that is 6 miles tall, running east and west that is divided by township lines
Term
section
Definition

one square mile of land, containing 640 acres

 

1 township = 36 sections

Term
government lot
Definition
in government survey system, a parcel of land that is not a regular section due to curvature of earth or irregular boundaries such as bodies of water
Term
lot and block
Definition
system of description used for subdivisions; properties within subdivision are assigned lot numbers on a plat map and the plat map is recorded
Term
air lot
Definition
a parcel of property above the surface of the earth, ot containing any land; for example a condominium unit on the 3rd floor
Term
metes and bounds
Definition
system of land description in which boundaries of a parcel of land are described by reference to monuments, courses, and distances
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