Real Estate Block 1

Air Rights

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

Bundle of Rights

All of the legal rights incident to ownership of property including rights of use, possession, encumbering, and disposition.

Land

The materials of the earth, regardless of composition, including free or unoccupied space for an indefinite distance upwards as well as downwards.

Mineral Rights

A landowner’s right to receive a portion of the profits of any minerals that are extracted from the land.

Real Estate

Land plus anything permanently attached to land.

Real Property

Land, things affixed to land, appurtenances, plus the bundle of rights.

Chattel

Goods or every species of property movable or immovable which are not real property. Personal property.

Emblements

The crops and other annual plantings considered to be personal property of the cultivator.

Fixtures

Appurtenances attached to the land or improvements, which usually cannot be removed without agreement as they become real property; examples include plumbing fixtures and store fixtures built into the property.

Personal Property

Any property which is not real property.

Trade Fixture

Articles of personal property annexed by a business tenant to real property which are necessary to the carrying on of a trade and are removable by the tenant.

Method

M is for “——” of attachment

Adaptability

A is for “——”.

Relationship

R is for “——” of the parties

Intent

I is for the “——” of the seller

Agreement

A is for “——”