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Real Property
Land and all things attached to it, considered fixed, immovable, and indestructible.
Personal Property
Anything ownable that is not real property, including chattel, emblements, and fixtures.
Improvements
Man-made additions to land like buildings, fences, and landscaping.
Easements
Rights to cross over another's property, including dominant and servient tenements.
Fee Simple Absolute
Highest form of ownership, inheritable and without restrictions.
Life Estates
Based on someone's life, can be conventional or legal, with future interests like reversion or remainder.
Non-Freehold Estates
Created by lease agreements, tenants receive a bundle of legal rights.
Tenancy Types
Include estate for years, periodic tenancy, tenancy at will, and tenancy by sufferance.
Encumbrances
Limitations on property like liens, easements, and licenses.
Legal Property Descriptions
Metes and bounds system, lot and block system, and government rectangular system.
