Didier - Real Estate Principles Rockwell CA Chapter 1 Rated A+

Didier - Real Estate Principles Rockwell CA Chapter 1 Rated A+ 1 acre 43,560 sq ft; one square acre = 208.71 ft. x 208.71 ft. adaptation to the property fixture test that evaluates if the item is specifically adapted to the use of the particular property, such as pews in a church. air rights The rights to use the air above the land. annexation Adding an item of personal property to real property so that it becomes a fixture. appurtenances a right or interest that goes along with or pertains to a piece of land: air rights, water rights, solid mineral rights, oil and gas rights, and support rights bill of sale A document used to transfer ownership of personal property. Use in real estate transactions if item is worth more than $500. courses directions, in the form of a compass readings, for defining property boundaries. distances unit of measure to determine the length between monuments in the metes and bounds method. fixtures things that have been attached to the land by people. Houses, fences, sheds, cement patios, etc. fugitive substance Moving substances underground such as oil, gas or water: can be claimed by owner as personal property when removed from the ground. intention of the annexor fixture test that evaluates the intention of the person who put the item on the property to determine if they meant for the item to become a fixture or remain real property. lateral support rights support from an adjacent piece of property metes and bounds method method that describes a parcel of land by specifying the location of its boundaries by referencing monuments, courses, and distances. method of attachment fixture test that evaluates the way in which the item is attached to the land (by roots, embedded in the earth, resting on the land, or cemented or bolted to the land. mineral rights Rights to the minerals located on or beneath the surface of a piece of property. monuments Fixed natural or artificial object used to establish real estate boundaries for a metes and bounds description mutual water company A water company organized by or for water users in a given district with the object of securing an ample water supply at a reasonable rate; stock is issued to users. natural attachments trees, shrubs, crops or anything attached to the earth by roots. oil and gas rights Rights to oil and gas mined from a piece of property. The "rule of capture" allows for ownership of the oil and gas produced from a piece of property. personal property Movable objects, not real