Scarcity, improvements, permanence of investment, area preference (location)
Interests, benefits and rights inherent in real estate ownership
Annual, harvestable crops such as corn, wheat; personal property
Changing of real to personal property, such as cutting down a tree, removing stained glass window
Item that was once personal property and is now permanently affixed and is real property, such as a chandelier or ceiling fan
Personal property: Business items permanently attached by tenant. May be removed up to last day of lease. If left, landlord acquires by process of accession
Aquiring title to additions or improvements to real property as a result of the annexation of fixtures or the accretion of alluvial deposits along the banks of streams
The right to use open space above a property, usually allowing the surface to be used for another purpose
Also known as "Area Preference"--the personal preferance of people for one area over another, not necessarily based on objective facts and knowledge
a movable article of property; tangible property other than land, buildings, etc.
The characteristic of land which identifies each parcel as being unique and unlike any other parcel
the earth's surface extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature; trees and water
Also know as heterogeneity and uniqueness
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
Ownership right in a parcel of real estate to the the water, minerals, gas, oil and so forth that lie beneath the surface of the property.
Common law rights held by owners of land adjacent to rivers, lakes or oceans and includes restriction on those rights and land ownership.