Chapter 5: What Is Real Estate? Key Terms Review Part 1 Flashcards Preview

Real estate license study > Chapter 5: What Is Real Estate? Key Terms Review Part 1 > Flashcards

Flashcards in Chapter 5: What Is Real Estate? Key Terms Review Part 1 Deck (13):
1

Accretion

An increase of land caused by the gradual depositing of solid material.

2

Air rights

The rights to use the air above the land which may be sold or leased independently of the land itself.

3

Alluvion

The solid material deposited by a body of water

4

Avulsion

The sudden change of the course of a stream.

5

Bundle of rights

Possession, control, enjoyment, and so on.

6

Chattels

Tangible personal property

7

Corporeal

Tangible

8

Devise

To leave real estate to someone by Will.

9

Emblements

Annual crops

10

Erosion

The opposite of accretion. Taking away part of the land due to natural occurrences.

11

Fixture

An article that was once personal property but attached as to make it real estate.

12

Hereditament

Anything that can be inherited.

any item of property, either a corporeal hereditament (such as land or a building) or an incorporeal hereditament (such as a rent or a right of way).

13

Improvement

Manufactured attachments to land.