REAL PROPERTY AND THE LAW UNIT
1 QUESTIONS AND ANSWERS
real property - Answer-includes both land and real estate. it is the interests, benefits,
and rights that are automatically included in the ownership of the land and real
estate.
real property includes - Answer-the earth's surface, subsurface, and airspace,
including all things permanently attached to it by nature or people, and the legal
rights innate to the ownership of a parcel of real estate.
ownership rights of real property - Answer-are described as a bundle of legal rights
rights of real property - Answer--right of possession
-right to control the property w/in the framework of the law
-right of exclusion
-right of disposition (to sell, will, transfer, or otherwise dispose of or encumber the
property)
the rights of ownership can be - Answer-separated and individually transferred.
title - Answer-1. the right to or ownership of land, including the owner's bundle of
legal rights
2. evidence of that ownership by a deed.
title refers to ownership of real property, not to a printed document.
deed - Answer-a document by which the owner transfers title to the real property
appurtenance (runs with the land) - Answer-is a right or privilege associated with the
property, although not necessarily a part of it.
ex. parking spaces in multiunit buildings, easements, water rights...etc.
surface rights - Answer-the rights to use the surface of the earth
subsurface rights - Answer-the rights to the natural resources lying below the
surface.
an owner may transfer surface rights w/o transferring subsurface rights
mine subsidence - Answer-the process of downward land shifts due to the collapse
of underground mine shafts and groundwater flows, usually resulting in sinkholes or
troughs.
coal mining notice - Answer-required by pennsylvania law for sellers to provide
notice
1 QUESTIONS AND ANSWERS
real property - Answer-includes both land and real estate. it is the interests, benefits,
and rights that are automatically included in the ownership of the land and real
estate.
real property includes - Answer-the earth's surface, subsurface, and airspace,
including all things permanently attached to it by nature or people, and the legal
rights innate to the ownership of a parcel of real estate.
ownership rights of real property - Answer-are described as a bundle of legal rights
rights of real property - Answer--right of possession
-right to control the property w/in the framework of the law
-right of exclusion
-right of disposition (to sell, will, transfer, or otherwise dispose of or encumber the
property)
the rights of ownership can be - Answer-separated and individually transferred.
title - Answer-1. the right to or ownership of land, including the owner's bundle of
legal rights
2. evidence of that ownership by a deed.
title refers to ownership of real property, not to a printed document.
deed - Answer-a document by which the owner transfers title to the real property
appurtenance (runs with the land) - Answer-is a right or privilege associated with the
property, although not necessarily a part of it.
ex. parking spaces in multiunit buildings, easements, water rights...etc.
surface rights - Answer-the rights to use the surface of the earth
subsurface rights - Answer-the rights to the natural resources lying below the
surface.
an owner may transfer surface rights w/o transferring subsurface rights
mine subsidence - Answer-the process of downward land shifts due to the collapse
of underground mine shafts and groundwater flows, usually resulting in sinkholes or
troughs.
coal mining notice - Answer-required by pennsylvania law for sellers to provide
notice
