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Practice questions for this set
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Warehouses, factories, land in industrial districts, and power plants
Choose an answer
1 Bundle of Rights 2 Littoral Land
3 industrial property 4 Air Rights
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Terms in this set (60)
Bundle of Rights the legal rights that accompany real property
ownership.
Real Estate or Real Property Land, improvements, & legal rights of ownership
Appurtenance rights, privileges or improvements that belong to and
pass with the transfer of property. Attaches to land,
not owner
, Surface Rights right to control, occupy, and use the surface area of
a parcel of real estate (the land), including the
building of improvements (real property), and the
growing of crops (personal property).
Air Rights The right to use, control and occupy the space
above a particular parcel of land.
Subsurface Rights rights to the earth located beneath the surface of the
land
Improvements Additions made to property that are intended to
enhance its value
Fixtures Articles that were once personal property but have
been affixed to real estate so as to become real
property
4 ways to test Fixtures 1) Written agreement - most important
2) Method of Attachment
3)Adaptability
4) Relationship of the Parties
Fructus Naturales Permanent plantings such as flowers, trees and
bushes that are classified as real property
Water Rights The legal rights to use the water in a river, stream, or
other body.
Navigable Waters Body of water that is used for commerce or
transportation (example: Mississippi River)
Littoral Land Land bordered by a stationary body of water, such as
a lake or pond.
Riparian Land land bordering a moving watercourse such as a
stream or river