Flashcards in Chapter 5: What Is Real Estate? Key Terms Review Part 2 Deck (12)
Intangible eg. rent or right-of-way
The earth, including above.
refers to rights concerning properties that abut an ocean, bay, delta, sea or lake, rather than a river or stream (riparian).
It is the right of the owner to exploit, mine, and/or produce any or all of the minerals lying below the surface of the property.
A specific tract of land.
Personal property, personalty
Everything that is not real property.
Land, improvements, and bundle of rights.
Real property, Realty
Synonyms for real estate.
The use of water by adjoining landowners.
The creation of dryland by the gradual withdrawal of water.
Ownership of minerals, oil, and anything under the ground.