REAL ESTATE

PROPERTY- ANYTHING THAT CAN BE BOUGHT OR POSSESSED.

PHYSICAL THINGSSUCH AS CARS, CLOTHING, LAND, OR BUILDINGS

NONPHYSICAL AND INCLUDE CONTRACTUAL RIGHTS (MORTGAGE AND LEASE AGREEMENTS) FINANCIAL CLAIMS STACKS AND BONDS, INTERESTS, PATENTS OR TRADEMARKS.

1. IDENTIFY THE TANGIBLE ASSETS OF LAND AND BUILDINGS

2. DENOTE THE BUNDLE OF RIGHTS ASSOCIATED WITH THE OWNERSHIP AND USE OF THE PHYSICAL ASSETS

3. INDUSTRY OR BUSINESS ACTIVITIES RELATED TO THE ACQUISITION, OPERATION, AND DISPOSITION OF THE PHYSICAL ASSETS.

THINGS THAT ARE MOVEABLE AND NOT PERMENANTLY AFFIXED TO THE GROUND

COMPETITION AMONG USERS FOR PHYSICAL LOCATIONS AND SPACE.

THEY ALLOCATE FINANCIAL RESOURCES AMONG HOUSEHOLDS AND FIRMS REQUIRING FUNDS.

"RAW LAND"

ANY FIXED STRUCTURES ON LAND SUCH AS A BUILDING, FENCE, WALL AND DECK

ADDING THE COMPONETS NECESSARY TO MAKE THE LAND SUITABLE FOR BUILDING CONSTRUCTION OR OTHER USES. EXAMPLES ARE STREETS, WALKWAYS, STORM WATER DRAINANGE SYSTEMS, AND WATER, SEWER, ELECTRIC, AND TELEPHONE UTILITIES REQUIRED FOR LAND USE.

RIGHTS ARE CLAIMS OR DEMANDS THAT OUR GOVERNMENT IS OBLIGED TO ENFORCE

THEY ARE ALSO NONREVOCABLE

THOSE THAT ARE GIVEN IN THE BILL OF RIGHTS AND OTHER AMENDMENTS AND CLAUSES OF THE U.S. CONSTITUTION

RIGHTS TO THINGS BOTH TANGIBLE AND TANGIBLE PG 20

RIGHTS IN LAND AND ITS PERMANENT STRUCTURES

AN OBJECT THAT WAS ONCE PERSONAL PROPERTY, BUT HAS BECOME REAL PROPERTY.

1.) THE MANNER OF ATTACHMENT- IF THE REMOVAL OF THE OBJECT LED TO DAMAGE IN THE PROPERTY

2.) THE CHARACTER OF THE ARTICLE AND MANNER OF ADAPTATION- EXAMPLES ARE CUSTOM DESIGNED WINDOWS, BOOKSHELVES, SECURITY SYSTEMS ETC.

3.) THE INTENTION OF THE PARTIES- THE FACTS OF THE SITUATION

• 4.) RELATION OF THE PARTIES-
• TRADE FIXTURES

AGRICULTURAL FIXTURES-

RESIDENTIAL TENANTS-

A BUNDLE OF RIGHTS

INTERESTS IN REAL PROPERTY THAT INCLUDE POSSESSION

MOST COMPLETE BUNDLE OF RIGHTS AND HAS THE GREATEST VALUE

OWNERSHIP IS SUBJECT TO A CONDITION OR TRIGGER EVENT

THE RIGHTS OF DISPOSITION OF THE FEE SIMPLE ABSOLUTE ARE UNBUNDLED AND SEPERATED COMPLETELY.

CREATED BY ACTION OF LAW.

THEY ARE ESTATES (POSSESSORY INTERESTS) BUT WITH DIFFERENT CHARACTERISTICS

• THEY ARE LIMITED IN TIME
• THE RIGHT OF DISPOSITION IS DIMINISHED BECAUSE THE PROPERTY ULTIMATELY REVERTS TO THE LANDOWNER

THEY ARE NOT TITLED INTERESTS

LEASEHOLD INTEREST FOR A SPECIFIC PERIOD OF TIME

PERIODIC TENENCY

AGREEMENT THAT TENENT WILL STAY UNTIL EITHER LANDLORD OR TENENT GIVES NOTICE.

WHEN A TENENT IS SUPPOSED TO VACATE BUT DOES NOT

THE RIGHT TO USE LAND FOR A SPECIFIC AND LIMITED PURPOSE

A RELATIONSHIP B/W 2 PARCELS OF LAND

THE DOMINANT PARCEL BENEFITS WHILE THE SERVIENT DOES NOT

ALSO THE APPURTENENT IS PERMANENT

• A DRIVEWAY EASEMENT ACROSS ONE PARCEL TO ANOTHER
• A DRAINAGE EASEMENT FOR STORM WATER FROM ONE PARCEL TO ANOTHER
• ACCESS ACROSS A PARCEL FOR SEWER SERVICE

THE RIGHT TO USE LAND FOR A SPECIFIC LIMITED PURPOSE UNRELATED TO ANY ADJACENT PARCEL

PERMISSION TO USE LAND

LIMITS IMPOSED ON THE USES OF LAND.

THE POWER OF GOVERNMENT TO TAKE UP PRIVATE PROPERTY

AN INTEREST IN REAL PROPERTY THAT SERVES AS SECURITY FOR AN OBLIGATION

ARISES OUT OF ACTION UNRELATED TO OWNERSHIP OF THE PROPERTY

DERIVES DIRECTLY FROM EVENTS RELATED TO A PROPERTY

A FORM OF OWNERSHIP COMBINING SINGLE PERSON OWNERSHIP WITH TENANCY IN COMMON.

A WIFE GETS 1/3 ESTATE IN ALL REAL PROPERTY

MULTIPLE INDIVIDUALS HAVE USE OF A PROPERTY BUT THE INTERESTS ARE NOT SIMULTANEOUS