Real Estate Fundamentals (PA) Latest 2023

Real Estate Fundamentals (PA) Latest 2023 Accession The acquisition of title to land by its addition to real estate already owned, through human actions or natural processes Accretion A gradual addition to dry land by the forces of nature, as when the tide deposits water-borne sediment on shoreline property Acre A measure of land area that is equal to 43,560 square feet. One square mile contains 640 acres Annexation Attaching personal property to land so that the law views it as part of the real property. See: Fixture Actual Annexation A physical attachment of personal property to land. See: Fixture Constructive Annexation When personal property is associated with real property in such a way that the law treats it as a fixture, even if it's not physically attached to the real property Annexer Person who owns an item as personal property and brings it onto real property, making it a part of the real property. Appropriative Rights Water rights allocated by government permit, according to an appropriation system. It is not necessary to own property beside the body of water in order to apply for an appropriation permit. Apprutenance A right that goes along with ownership of real property; usually transferred with the property, but may be sold separately. This is a legal term referring to both physical and non-physical appurtenances. Base Line Main east-west lines designated and named throughout the country for use with the government survey system Bequeath To transfer personal property to another by a will Builder's Acre An informal unit of measurement, usually 40,000 square feet, that may be used by developers to describe lots for new construction. A builder's acre is not a legal acre Bundle of Rights All real property rights that are conferred with ownership, including right of possession, right of quiet enjoyment, right of disposition, right of exclusion, and right of control Cubic Feet Length x width x depth = cubic feet. Cubic feet divided by 27 cubic feet give you cubic yards. (120' x 10' x 0.3333' = 399.996 cubic feet ÷ 27 = 14.8133 cubic yards). Emblement A crop that is planted and cultivated through someone's labor and industry. Emblements are considered to be personal property. Also called fructus industriales Doctrine of Emblements The rule that allows an agricultural tenant to re-enter the land to harvest crops if the lease ends, through no fault of the tenant, before the crop can be harvested (applies only to the first crop). Encroachment