Unit 2

Question 1

Accretion

Answer 1

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

Question 2

Bundle of Legal Rights

Answer 2

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

Question 3

Improvement

Answer 3

Any structure or modification erected or imposed on a site.

Question 4

Surface Rights

Answer 4

Ownership rights excluding air or mineral rights.

Question 5

Emblements

Answer 5

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

Question 6

Fixture

Answer 6

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

Question 7

Subsurface Rights

Answer 7

Ownership rights in the water, mineral, gas, and oil that lie beneath a parcel of land.

Question 8

Riparian Rights

Answer 8

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

Question 9

Real Property

Answer 9

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

Question 10

Severance

Answer 10

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

Question 11

Personal Property

Answer 11

Any property that is not real property.

Question 12

Water Rights

Answer 12

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

Question 13

Chattels

Answer 13

Another name for personal property.

Question 14

Trade Fixture

Answer 14

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

Question 15

Air Rights

Answer 15

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