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level: Real Property

Questions and Answers List

level questions: Real Property

Question	Answer
ownership of land in which the land is owned free and clear; it is the opposition of the feudal system	Allodial System
a form of ownership from England’s past in which royalty owned the land	Feudal System
any permanent man-made addition to land	Improvement
ownership of the minerals, gas, or oil beneath the surface of a piece of real estate	Subsurface Rights
ownership of the land in a parcel or real estate but limited only to the plane	Surface Rights
the right to use the airspace above the surface of land	Air Rights
the right to enjoy the water that borders a property	Water Rights
rights that govern lakefront or oceanfront property and usually allow the property owner to use the water bordering their property	Littoral Rights
rights that govern the use of flowing water, such as rivers and streams that pass through or border a property	Riparian Rights
any item that is not real estate, also known as chattel or personalty	Personal Property
a part of the surface of land to the center of the earth and upward to space, plus all improvements made by man or nature	Real Estate
land from the surface to the center of earth and upward into space including everything attached by man or nature as well as the bundle of legal rights of the ownership	Real Property
an object that was once personal property, but which has now been firmly attached to the land in such a way that it becomes part of the estate	Fixture
personal property attached to real property that is owned by and needed for a tenant’s business	Trade Fixture
the use and modification of a particular item for a specific use in a property	Adaptation
trees, bushes, grass, and uncultivated plants, usually considered to be real property because of their permanence	Fructus Naturales
annually cultivated crops generally considered to be personal property; also known as emblements	Fructus Industriales