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LOUISIANA REAL ESTATE EVALUATION ANSWERS AND QUESTIONS SET A.pdf

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LOUISIANA REAL ESTATE EVALUATION ANSWERS
AND QUESTIONS SET A+
✔✔Things that would otherwise be classified as immovable may be classified as
movable. 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. The
declaration must be filed for registry in the conveyance records of the parish in which
the immovable is located. If the declaration is not so filed, the machinery, appliances,
and equipment remain classified as movables. - ✔✔component by declaration and
registry

✔✔In order for a mobile home to be considered an immovable, a declaration stating that
it will remain permanently attached to the land must be filed in the public records of the
parish in which the land is located. The wheels must be removed, the tongue cut off,
and it must be tied down. - ✔✔Act of Immobilization

✔✔A 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. - ✔✔detachment sale

✔✔French unit of measure about equal to 5/6 of an acre. It is also used as a linear
measure about equal to 192 feet. - ✔✔Arpent

✔✔In LA, there are two principal meridians.
The 91st West of the Mississippi River, called ________, and the 90th East of the
Mississippi River, called the ________. - ✔✔Louisiana Meridian
St. Helena Meridian

✔✔How many base lines run thru LA? - ✔✔1

, ✔✔The right that confers on a person direct, immediate, and exclusive authority over a
thing. The owner of a thing may use, enjoy, and dispose of it within the limits and under
the conditions established by law. - ✔✔ownership

✔✔The right to use a thing, and to exclude others from using it. - ✔✔Usus

✔✔The owner of a thing owns the fruits produced by the thing that come from exploiting
and enjoying the thing, such as rents and royalties and natural fruits such as crops and
timber. - ✔✔Fructus

✔✔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. - ✔✔Abusus

✔✔A person who owns both the usus and the fructus. - ✔✔Usufruct

✔✔The owner of the remaining right, the abusus. - ✔✔naked owner

✔✔A charge on a thing in favor of a person.
Usufruct, habitation, and right of use. - ✔✔personal servitude

✔✔Type of usufruct that is created by an act. - ✔✔conventional usufruct

✔✔Type of usufruct that is created by operation of law. - ✔✔legal usufruct

✔✔Nontransferable real right of a natural person to dwell in the house or another. It
may be established in the same manner as a usufruct. It terminates with the term
provided or death of the person having it. Moreover, the personal servitude of habitation
may not be alienated, let, or encumbered. - ✔✔Habitation

✔✔A personal servitude that confers in favor of another person a specified use of an
estate less than full enjoyment. The right of use is transferable and may be inherited,
unless prohibited by law or contract. An example of the right of use would be a hunting
license. - ✔✔Right of Use

✔✔A charge on a servient estate for the benefit of a dominant estate and is similar to
easement appurtenant under the common law. May be natural, legal, or voluntary or
conventional. - ✔✔Predial Servitude

Most common example is when one landowner obtains access aacross the property of
the adjoi

✔✔The one benefiting from the servitude. - ✔✔Dominant Estate

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