The Constitution guarantees private ownership of real estate. However, ownership rights are not absolute; others may exert claims against one's property.
Land - surface, all natural things attached to it, subsurface, and air above the surface
Real estate - land plus all permanently attached man-made structures, called improvements
Property - something that is owned by someone, and the associated rights of ownership; property is real or personal, tangible or intangible
Real property rights - the bundle of rights associated with owning a parcel of real estate. Foremost of these rights is the right of possession.
An item may be real or personal property depending on the "attachment" criterion and other circumstances.
Fixtures - real property converted from personal property by attachment to real estate
Trade fixtures - personal property items temporarily attached to real estate in order to conduct business; to be removed at some point
Emblements - plants or crops considered personal property since human intervention is necessary for planting, harvesting
Conversion - transforming real to personal property through severance, or personal to real property through affixing
No. | Subject |
---|---|
207 | Chapter 2 Review (4) |
206 | Chapter 2 Review (3) |
205 | Chapter 2 Review (2) |
» | Chapter 2 Review |
203 | Real Estate Law 6 |
202 | Real Estate Law 5 |
201 | Real Estate Law 4 |
200 | Real Estate Law 3 |
199 | Real Estate Law 2 |
198 | Real Estate Law 1 |
197 | Quiz Law 1 |
196 | Law 6 |
195 | Law 5 |
194 | Law 4 |
193 | Law 3 |
192 | Law 2 |
191 | Law 1 |
190 | Review Quiz - BOOK 2 [1] |
189 | Chapter 18 Conclusion |
188 | Real Estate Practice - 39 (Understanding-Answers) |