Barney Fletcher Section 1 Questions with 100%
Correct Answers
Bundle of Rights
the legal rights that accompany real property ownership.
Real Estate or Real Property
Land, improvements, & legal rights of ownership
Appurtenance
rights, privileges or improvements that belong to and pass with the transfer of property.
Attaches to land, not owner
Surface Rights
right to control, occupy, and use the surface area of a parcel of real estate (the land),
including the building of improvements (real property), and the growing of crops (personal
property).
Air Rights
The right to use, control and occupy the space above a particular parcel of land.
Subsurface Rights
rights to the earth located beneath the surface of the land
Improvements
Additions made to property that are intended to enhance its value
Fixtures
, Articles that were once personal property but have been affixed to real estate so as to become
real property
4 ways to test Fixtures
1) Written agreement - most important
2) Method of Attachment
3)Adaptability
4) Relationship of the Parties
Fructus Naturales
Permanent plantings such as flowers, trees and bushes that are classified as real property
Water Rights
The legal rights to use the water in a river, stream, or other body.
Navigable Waters
Body of water that is used for commerce or transportation (example: Mississippi River)
Littoral Land
Land bordered by a stationary body of water, such as a lake or pond.
Riparian Land
land bordering a moving watercourse such as a stream or river
Easement
The right to use the land of another for a particular purpose. Non exclusive irrevocable
Immobility, Indestructibility, Nonhomogeneic (Uniqueness)
Three Physical Characteristics of Land
Correct Answers
Bundle of Rights
the legal rights that accompany real property ownership.
Real Estate or Real Property
Land, improvements, & legal rights of ownership
Appurtenance
rights, privileges or improvements that belong to and pass with the transfer of property.
Attaches to land, not owner
Surface Rights
right to control, occupy, and use the surface area of a parcel of real estate (the land),
including the building of improvements (real property), and the growing of crops (personal
property).
Air Rights
The right to use, control and occupy the space above a particular parcel of land.
Subsurface Rights
rights to the earth located beneath the surface of the land
Improvements
Additions made to property that are intended to enhance its value
Fixtures
, Articles that were once personal property but have been affixed to real estate so as to become
real property
4 ways to test Fixtures
1) Written agreement - most important
2) Method of Attachment
3)Adaptability
4) Relationship of the Parties
Fructus Naturales
Permanent plantings such as flowers, trees and bushes that are classified as real property
Water Rights
The legal rights to use the water in a river, stream, or other body.
Navigable Waters
Body of water that is used for commerce or transportation (example: Mississippi River)
Littoral Land
Land bordered by a stationary body of water, such as a lake or pond.
Riparian Land
land bordering a moving watercourse such as a stream or river
Easement
The right to use the land of another for a particular purpose. Non exclusive irrevocable
Immobility, Indestructibility, Nonhomogeneic (Uniqueness)
Three Physical Characteristics of Land
