Modern Real Estate Practice 21st Edition Unit 2 Flashcards

Modern Real Estate Practice 21st Edition Unit 2 Flashcards Which Belong to owners of land along a flowing body of water Riparian Rights Items of a real property that can become personal property.Severance Which Belong to owners of land that borders a commercially navigable lake, sea, or ocean Littoral Rights Personal property that has been affixed to the land or to a building so that by law it becomes part of the real property.Fixture Include property attached to the structure but used in the course of business, and can be personal property.Trade Fixture The ability to make improvements, preference for the area, and relative scarcity of similar property are all economic matter.Indestructiblility Includes the interests, benefits, and rights that are automatically included in the ownership Real Property Includes the land as well as the things permanently attached Real Estate Is a right or privilege associated with real property in some way, such as parking spaces, multiunit building, an easement.Appurtenance Is followed in some states and provides that water use, aside from limited domestic use.Prior Appropriation Items of personal property that can become real property.Annexation UniquenessNonHomogeneity