Term
|
Definition
| Real property is defined as the interests, benefits, and rights that are automatically included in the ownership of land and real estate. |
|
|
Term
|
Definition
| 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. |
|
|
Term
|
Definition
right of possession,
right to control the property within the framework of the law,
right of enjoyment (to use the property in any legal manner),
right of exclusion (to keep others from entering or using the property), and
right of disposition (to sell, will, transfer, or otherwise dispose of or encumber the property). |
|
|
Term
|
Definition
| (1) the right to or ownership of the land, including the owner's bundle of legal rights; and (2) evidence of that ownership by a deed |
|
|
Term
|
Definition
| A right, privilege, or improvement belonging to, and passing with, the land; "runs with the land." |
|
|
Term
|
Definition
| parking spaces in multiunit buildings, easements, water rights, and other improvements. |
|
|
Term
| Ownership of Appurtenance |
|
Definition
| normally transfers to the new owner when the property is sold. |
|
|
Term
|
Definition
| Land; a portion of the earth's surface extending downward to the center of the earth and upward infinitely into space, including all things permanently attached to it, whether naturally or artificially. |
|
|
Term
|
Definition
|
|
