Real Estate 2.0-2.3

The rights in real property to the reasonable use of the air space above the surface of the land is know as...?

Air Rights

Personal Property

All property that is not and is not permanently attached to land; everything that is movable

The transfer of personal property is typically done using a....?

Bill of Sale

The right of exclusion, which allows a landowner to prevent other from entering or occupying their property, is included in the...?

Bundle of Rights

What is considered a permanent man-made improvement to land...?

Fences, Sheds, Wells, etc.

Trade Fixtures

Items that are installed by a commercial tenant and are removable upon termination of the tenancy

What is an example of a fixture?

Kitchen Cabinets

Real Estate

Land and everything permanently attached to land.

The landowner's ability to take minerals from the earth to sell or lease this right to others is known as..?

Mineral Rights

A refrigerator at or is typically considered, what type of property?

Personal Property

All personal property that is not land and is not permanently attached to land is known as...?

Personal Property

Chattel

Personal Property

Mobile homes are not typically attached permanently to the land and are generally considered...?

Personal Property

Fixtures

Personal property that has become real property by having been permanently attached or adapted to real property

Land and everything permanently attached to it are known as:

Real Estate

The surface of the earth, the area above and below the surface, and everything permanently attached thereto is know as...?

Real Estate

Trees or Shrubbery that are not cultivated annually would be an example of...?

Real property

Are mineral rights typically considered to the sub-surface or surface?

Surface

Real Property

The aggregate of rights, powers, and privileges conveyed with ownership of real estate

Emblements

The crops and other annual planting's considered to be personal property of the cultivator

Mineral Rights

The landowner's ability to take minerals from the earth or to sell or lease this right to others.

Land

The material of the earth, whatever may be the ingredients of which it is composed, whether soil, rock, or other substance, and includes free or unoccupied space for an indefinite distance upwards as well as downwards

Air Rights

The rights in real property to the reasonable use of the air space above the surface of the land

Bundle of Rights

The rights of an owner of a freehold estate to possession, enjoyment, control, and disposition of real property

Which of the following is considered a legal test for determining if an item is a fixture or not...?

What is the intention of the parties, The adaptation of the item, and The mode and permanence of how the item was attached