Section 3:Elements of Real Property Flashcards

Section 3:Elements of Real Property Flashcards

Sam wants a walkway from the house to the detached garage, so he constructs a path from the loose stones on his property.a. severanceb. annexation annexation What are improvements with regard to property?a. Another name for a building permitb. Artificial attachments to land that include items such as fencing, buildings, and walkwaysc. Natural fixtures that are part of the land and that enhance its valued. The right to increase the value of a property

• Artificial attachments to land that include items such as

fencing, buildings, and walkways Sarah owns her own home. As part of her basic property rights, she has the right to decide who may or may not access the property. Which right is this?a. dispositionb.enjoymentc. exclusiond. possession

• exclusion

gradual loss of land due to natural forces erosion Permission to do something on another's land without actually possessing any interest or ownership in the landa.profitb. license

• license

Which physical characteristic of land addresses the concept that land isn't interchangeable and one piece of land isn't exactly like another?a. immobilityb.indestructibilityc. permanence of investmentd. uniqueness

• uniqueness

Cheryl marvels at this new deposit of land near the river, which is the result of accretion.a. accretionb. alluvion

• alluvion

Right to determine how, when, and whether the property is to be sold, leased, mortgaged, or transferreda.dispositionb. exclusion disposition "I can keep others from trespassing on my property."a.controlb. dispositionc. possessiond. enjoymente. exclusion

• exclusion

Land isn't interchangeable. One piece of land isn't exactly like another.a. uniquenessb. immobilityc. indestructibility

• uniqueness

Land, plus all things permanently attached to it naturally or artificiallyland,real property, orreal estate real estate What's the best definition of land?a. Everything that's not real propertyb. Land, plus all things permanently attached to it, naturally or artificiallyc. Real estate, plus all of the interests, benefits, and rights included in ownershipd. The earth's surface, extending downward to the center of the earth and upward to infinity, including permanently attached natural objects

• The earth's surface, extending downward to the center of

the earth and upward to infinity, including permanently attached natural objects Annexation occurs when personal property is attached to real property, which makes it a fixture.a. trueb. false true

the increase of land or property due to natural or man-made causes accession What's the best definition of personal property?a. Artificial attachments to land that include things such as fencing, buildings, and walkwaysb. Everything that's not real propertyc. landd. property that's fenced

• Everything that's not real property

What is the name of a term which explains the complexity of property ownership rights and how rights for a single property can be "owned" by multiple parties at the same time?a. littoral rightsb. physical component rightsc. riparian rightsd. the bundle of rights

• the bundle of rights

Which of the following are included in the transfer of real property unless specifically excluded in writing?a. chattelb.fixturesc. personal possessionsd. personal property

• fixures

rapid loss of landavulsion Cultivated crops, aka emblements, are considered personal property even though they are part of the soil.a. trueb. false true What's the best definition of real property?a. Artificial attachments to land that include things such as fencing, buildings, and walkwaysb. Earth, soil, and airc. Land, plus all things permanently attached to it naturally or artificiallyd.Real estate, plus all of the interests, benefits, and rights included in ownership

• Real estate, plus all of the interests, benefits, and rights

included in ownership The geographic location of a piece of land is fixed; it can never be changed.a. uniquenessb. immobilityc.indestructibility

• immobility

Which of the following would be a description used for real property?a. above-groundb. free-standingc. in-groundd.moveable

• in-ground

Was the item intended to be temporary or permanent?a.agreement of the placementb. intention in placement

• intention in placement

Real estate, plus the interests, benefits, and rights automatically included with real estate ownershippersonal property,real property, orimprovements real property The water has receded near Trevor's beachfront cottage, uncovering new land.a. relictionb. erosion

• relicition

May be revoked by the owner at any time unless a termination date has been specified by contractual agreementa. profitb. license

• license

So, did you find MARIA helpful? What are the five tests to determine if an item is a fixture and part of the real estate?a. agreement of the partiesb. method of accountabilityc. method of annexationd. intention of the person placing the iteme. relationship of the partiesf.adaptability of item for land's use

• Method of annexationf. Adaptability of item for lands

usee. Relationship of the partiesd. Intention of the person placing the itema. Agreement of the partiesMARIA

The water has worn away the land near Alycea's seaside cottage.a. relictionb. erosion

• erosion

Everything that's not real propertypersonal property,real property,improvements personal property The right to access rivers, streams, and other flowing bodies of water adjacent to a property is called ______.a.landb. littoralc. minerald. riparian

• riparian

Ron's company leased a building so that they could build an escape room experience. After operating for two years, their attendance (and thus their profits) started to drop significantly, so they decided it was time to close the location. When they started taking down the installation, they realized that some of the structures they built will damage the walls if they try to remove them. Which of these is true about these trade fixtures?a. If Ron leaves them in place and the lease expires, he has three months to remove them.b. Ron is required to leave the fixtures if they're attached.c. Ron is required to take the fixtures and return the premises to its original condition.d. Ron may take the fixtures as long as he repairs any damage caused by removal.

• Ron may take the fixtures as long as he repairs any

damage caused by removal.According to the law, commercial tenants may remove trade fixtures when the lease ends, but only if they are detachable without damaging the property or if the damage is repaired.Tim is thinking about selling his house, so he cuts down a dying pine tree in the back yard.a. severanceb. annexation severance "I have the right to use and enjoy my property."a. controlb.dispositionc. possessiond. enjoymente. exclusion

• enjoyment

indestructibilitya. economic characteristicb. physical characteristics

• physical characteristics

Legal term that means the right to take products out of the soila. profitb. license

• profit

Have the parties agreed (in writing) on whether an item will stay or go?a. agreement of the placementb. intention in placement

• agreement of the placement

If a plant or shrub is under a certain size, it is acceptable for the seller to remove it from the property without the buyer's agreement.a. trueb. false false What is the best way for a seller and buyer to demonstrate their agreement that the home's existing refrigerator and a dishwasher are included in the property sale?a. By including a bill of sale or agreement in the purchase contractb. By shaking hands on it on the day of the salec.By verbal agreement after the saled. By verbal agreement before the sale

• By including a bill of sale or agreement in the purchase

contract There's no better way to spend a morning than sitting on the edge of your pier, sipping coffee and throwing a ball into the lake for your yellow lab to fetch.a. littoralb.

riparianc. prior appropriation

• littoral

Allen and Lewis are friends who each recently purchased real estate. Allen purchased a patio home in a small town