Ch. 1 - Real Property Characteristics, Legal Descriptions, and Property Use / Key Questions with 100% Correct Answers.Stretch your brain before your first study session Terms in this set (35) AppurtenanceDescribes rights, privileges and improvement that belong to and pass with the land Learn / Study with Learn also known as Personal Property Choose matching term 1Police Power2Chattel or Personalty 3Buffer Zone4 The Rectangular Survey System (or the Government Survey System) Don't know?Real property Consists of land, improvements attached to the land, benefits, rights and ownership interests that go with it 1 / 2
ImprovementsMan's additions to the land such as buildings and landscaping.Personal Property A right or interest in something of a temporary or movable nature--anything NOT classed as real property. Ownership is transitioned by a BILL OF SALE.Chattel or Personalty also known as Personal Property FixtureAn item that was once personal property but has been affixed to land or building.AnnexationThe process of attaching something to real property SeveranceThe process of real property becoming personal property.Trade FixturesFixtures installed by a tenant in order to carry out a business. They may be removed from leased property prior to the termination of the lease. BUT if they're not removed at the end of the lease, they will become real property.EmblementsCrops cultivated annually. Although they are attached to the ground, they are considered personal property of the farmer who cultivated them.
1.Non-homogeneity 2.Immobility 3.Indestructibility Characteristics of Real Property 1.Scarcity 2.Modification 3.Fixity 4.Situs Characteristics of Land Situslocation preference, or location from an economic rather than a geographic standpoint
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