Chapter 2 Flashcards

Into to Real Estate Business

1
Q

An article installed by a tenant under a commercial lease and removable before the lease expires.

A

Trade fixture

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2
Q

Any property that is not real property.

A

Personal property

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3
Q

Increases in the land resulting from the deposit of soil by the natural action of water.

A

Accretion

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4
Q

Ownership of all legal rights to the land: control, possession, exclusion, enjoyment, and disposition.

A

Bundle of legal rights

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5
Q

The interests, benefits, and rights automatically included in the ownership of land and real estate.

A

Real property

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6
Q

The right to use the open space above the surface of a property.

A

Air rights

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7
Q

Common law rights granted to owners of land along the course of a river, stream, or similar body of water.

A

Riparian rights

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8
Q

Ownership rights IN the water, minerals, gas, and oil that lie beneath a parcel of land

A

Subsurface rights

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9
Q

Personal property that is converted to real property by being permanently attached to the real estate.

A

Fixture

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10
Q

An structure or modification erected or imposed on a site.

A

Improvement

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11
Q

Changing an item of real estate to personal property by detaching it from the land.

A

Severance

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12
Q

Ownership rights excluding air or mineral rights.

A

Surface rights

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13
Q

Common law right of owners of land next to rivers, lakes, or oceans.

A

Water rights

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14
Q

Another name for personal property.

A

Chattels

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15
Q

Growing crops, such as corn or soybeans, that remain personal property.

A

Emblements

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