Louisiana Real Estate Vocab Flashcards

Louisiana Real Estate Vocab Flashcards Corporeal ThingsCan be animate/inantimate but it can be SEEN, FELT or

TOUCHEDex: land, buidling

Immovablesconsist of land, and its component parts such as buildings, timber, and unharvested fruits and crops when they BELONG TO THE OWNER of the land.Usufructboth uses and fructus- you can use it, exclude others from using it, you own the crops made from it Component by AttachmentThings are considered permanently attached to a building or other construction if they cannot be removed without substantial damage to themselves or damage to the

immovable to which they are attachedex: plumbing,

heating, electrical installation Separate Immovablesinclude buildings and standing timber when they belong to a person other than the owner of the groundonly buildings and standing timber can be separate immovables

Private thingsare owned by:-individuals-other private entities such as

corporations, limited liability companies, limited liability partnerships- state- government.Public Thingsthose things owned by the state or the local government.-

ex: running water, the seashore, streets, parks'*but may

still be subject to police powers Corporeal MovablesThings, whether animate or inanimate, that move or can be

moved from one place to anotherex: buidling materials for

the construction/erection of a new building*BUT if it is materials used for repair that is suppose to be put back on, it is IMMOVABLES Component by IncorporationThings that are attached or incorporated into a

building.They become component parts of the structureex:

Building Materials*These things, once incorporated, will be an immovable Incorporeal Thingsmay be understood or comprehended by the mind or

thinkingex: rights, obligations

Naked OwnershipThe person who has abusus is called the __ ___ Incorporeal Immovablesthe right and actions that apply to immovables (owner of

the land)ex: right of ownership, predial servitudes

Mobile HomesFor it to be considered immovable, it has to be stated that it will remain permanently attached to the land, and the wheels must be removed.The tongue must be cut off and tied down AbususIs the right to alienate or DISPOSE of the thing. It includes consuming it, giving it away, selling it, and encumbering it

by mortgage or pledge

UsusThe right to use a thing, and to exclude others from using it FructusOwns the fruits produced, and has the right to exploit, or

use and enjoyex: Rents, enjoying and selling the

fruits/crops What are the Two Principle Meridians in Louisiana?Louisiana MeridianSt. Helena Meridian Component by declaration and registry. The owner of an immovable may declare that machinery, appliances, and equipment owned by him and placed on the immovable, other than his private residence, for its service and improvement are deemed to be its component parts.Must be filed for registry in the records of the parish

Common Thingsnot owned by anyoneex: air, high seas

Detachment SaleA manufactured home may be deimmobilized by detachment or removal. But, to affect third persons, an authentic act of sale or mortgage or sale with mortgage must be filed in the appropriate mortgage and/or conveyance records.Movable by Anticipationinclude unharvested fruits and crops when they belong to a person OTHER THAN THE OWNER of the land.Arpent5/6th of an acreit has 192 feet