Unit two: real property and the law

Question 2

Land

Answer 2

The Earth surface, extending downward to infinity, including trees and water

Question 3

Real estate

Answer 3

Land plus permanent human made additions, i.e. buildings,fences, roads

Question 4

Real property

Answer 4

Real estate plus all legal interest, rights privileges easements

Question 5

Surface rights

Answer 5

Rights to use the surface of the land

Question 6

Subsurface rights

Answer 6

Rights to the natural resources below the land, i.e. oil or minerals

Question 7

Air rights

Answer 7

Rights to the airspace above the property

Question 8

Water rates

Answer 8

Governed by state law, i.e. riparian and littoral

Question 9

Metes and bounds

Answer 9

Oldest form of property description, uses physical, landmarks, and measurements

Question 10

Rectangular governmental survey system

Answer 10

Divides lands the grid of townships and sections

Question 11

Township

Answer 11

36. Sections of one square mile each towns

Question 12

Section

Answer 12

One square mile in the Township 36th of these

Question 13

Lot and block system

Answer 13

Common in urban subdivisions uses recorded plat map

Question 14

Severalty

Answer 14

Ownership by one person or entity

Question 15

Coownership

Answer 15

Ownership by 2+ individuals, i.e. tenancy in common or joint tenancy or tenancy by the entirety

Question 16

Doctrine of prior appropriation

Answer 16

Water rates determined by state permit, commonly using western states

Question 17

Encumbrances

Answer 17

Claims and liabilities attached to real property i.e. liens/easements

Question 18

Leasehold estate

Answer 18

Attendance rights to occupy real estate during lease term

Question 19

Fee simple absolute

Answer 19

Highest form of property ownership, unlimited, duration

Question 20

Life estate

Answer 20

Ownership of land during a person’s life

Question 21

Easement appurtenant

Answer 21

Benefits of neighboring property and runs with the land

Question 23

Easement in gross

Answer 23

Benefit benefits, person/company not as specific property usually commercial

Question 24

Lien

Answer 24

Legal right or claim against a property by creditor

Question 25

Dominant estate

Answer 25

Benefits from the easement. Runs with the land transfers with ownership.

Question 26

Easement in gross

Answer 26

Benefits of company, not a property i.e. utility and pipelines

Question 27

Rectangular Uiller survey system

Answer 27

Divides land into a grid of townships and sections using base lines and meridians townships are six by 6 mi.² 36 1 mi.² sections