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This is the land as it exists and the improvements made to it. Ownership extends to the center of the Earth and the skies above.
Real Property
Another word for moooveable personal property.
Chattels
My stuff. My chairs, couches, cars. All my guitars.....are examples of
Personal Property
Once I attach my dishwasher to the plumbing it becomes this.
A fixture
When my neighbor's put in his fence it was installed 2 feet into my proeprty. This is considered what?
An Encroachment
A salon chair installed in a leased property. Or a dentists chair is this type of personal property
A trade fixture
When I attach something to my property I ___________ it, and turn person property into real property.
Annex or Annexation
Crops like corn that planted annually. If I sell my real estate, I can go back and pick them.
Emblements
The amount and quality of "ownership" I have in Real Property
Estate
If I cut down all my trees before I sell my house I made real estate into personal property by method of:
Severance
Latin for according to value as when something is taxed.
Ad Valorem
If I'm a dentist and I move out of my leased space, but I choose to leave behind my dentists chair. The chair becomes real estate via:
Accession
A certificate that typically often contains financial records. Once agreed to, you can't change your mind.
Estoppel
When there is no will and no living relatives to be found the state can seize property through:
Escheat
When the state takes land via Eminent Domain it must be done at a fair price and for what cause?
The Public Good
When someone dies without a will, they die
Intestate
Zoning laws and building codes are an example of the state using their______ powers to limit what you can do on your property.
Police Powers
A betterment, like adding town water to your street would cause the city to give you this:
A special assessment.
The 4 basic rights that convey with property are :
Quiet Enjoyment, Possession, Control and this
Disposition
One of the limitations on your property the state has is to assess the value of your home and then charge
Taxation (Taxes)
If an oil company has a pipe going through my block's yards, the oil company has this type of easement.
Easement in Gross (attached to a person)
My neighbor has an easement that allows him to walk through my yard to his home. In this scenario I am the ________ tenement
Servient
My neighbor plays his drums way after 10pm all though the morning. This is considered a
Private Nuissance
The dump has been burning massive amounts of tires which can be smelled for miles around. Its gotten so bad the town got involved. This is a
Public Nuisance
When i buy a ticket to Fenway Park I get this:
A license to enter their private property