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level: Real Property

Questions and Answers List

level questions: Real Property

QuestionAnswer
ownership of land in which the land is owned free and clear; it is the opposition of the feudal systemAllodial System
a form of ownership from England’s past in which royalty owned the landFeudal System
any permanent man-made addition to landImprovement
ownership of the minerals, gas, or oil beneath the surface of a piece of real estateSubsurface Rights
ownership of the land in a parcel or real estate but limited only to the planeSurface Rights
the right to use the airspace above the surface of landAir Rights
the right to enjoy the water that borders a propertyWater Rights
rights that govern lakefront or oceanfront property and usually allow the property owner to use the water bordering their propertyLittoral Rights
rights that govern the use of flowing water, such as rivers and streams that pass through or border a propertyRiparian Rights
any item that is not real estate, also known as chattel or personaltyPersonal Property
a part of the surface of land to the center of the earth and upward to space, plus all improvements made by man or natureReal Estate
land from the surface to the center of earth and upward into space including everything attached by man or nature as well as the bundle of legal rights of the ownershipReal Property
an object that was once personal property, but which has now been firmly attached to the land in such a way that it becomes part of the estateFixture
personal property attached to real property that is owned by and needed for a tenant’s businessTrade Fixture
the use and modification of a particular item for a specific use in a propertyAdaptation
trees, bushes, grass, and uncultivated plants, usually considered to be real property because of their permanenceFructus Naturales
annually cultivated crops generally considered to be personal property; also known as emblementsFructus Industriales