Rights of Real Property
These rights can be Sold or leased separately from the land itself.
What are Water, Air and Mineral Rights?
36 square miles
What is a Township?
All property is divided into 2 categories
What are Real & Personal Property?
M.A.R.I.A
What is Modification, attachment, Relationship of tge parties, Intentions, & Agreement?
In Real Estate Land can never become this
What is Personal Property?
A block of air space measured from inside wall to inside wall
What is an Air Lot?
These are 3 different forms of legal description
What are Metes and Bounds, Rectangular Survey, Recorded Plat.?
Real Property is transferred by
What is a Deed?
This carries the greatest Weight
What is the Agreement?
These are the 3 physical characteristics of land
What is Immobility, Non Homogeneity, & Indestructivity?
Determines the feasibility of installing a septic system
What is a Perc Test?
This type of survey is given to a buyer at closing
What is a Spot Survey?
Any Right, interest, or improvement which automatically conveys with the ownership of the property, are sometimes said to run with the land
What are Appurtenances?
Describes the process by which an item of real property becomes personal property.
What is Severance?
A parcel of land in a rural area cannot fulfill as many needs as an parcel of land of the same size in a urban area: therefore the demand is less this is an example of
What is Scarcity?
Rights that concern properties which border large navigable bodies of water and typically invovle the use of enjoyment of the shore.
What are Littoral Rights?
The Legal Land Descriptions is accepted by the State of Georgia
What is Metes and Bounds?
Crops that are harvested and planted each year
What are Emblements or Fructus Industriales?
Gina's Hair Salon is relocating, she's waiting for her plumber to remove her 8 lavish massaging shampoo stations valued at $8000. She has until a particular time to remove her trade fixtures.
What is the End of her Lease?
The return on the invest will be realized over a period of time
What is economic Life?
This Law allows a well drilled on one property to extract oil and gas from under adjoining properties
What is the Law of Capture?
The Legal description for a property can be found
Where is in the Seller's Deed, On the Seller's Plat, On the Subdivision Plat, or County Public Records of the Property?
Permanente Attachments to the land and are immovable by law
What are Tenements?
Gina failed the remove the 8 Shampoo Stations they are valued $1000 each and are now the property of the landlord by
What is Accession?
These are the 4 Economic Characteristics of Land
What is Location:Preference(Situs), Improvements, Fixed Investments, Scarcity?