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Real Estate- quiz Law 2
Terms in this set (25)
What is the act of converting personal property to real property by attaching it to the real estate called?
Air, water, land and everything affixed to the land is a definition of
What type of surveys use portable receiving antennas to gather data transmitted from satellites which are used to calculate the position of the object being located on the surface of the earth?
Items of personal property are also called
What type of survey is a boundary survey with the additional location of all the interior improvements?
A location survey
What type of survey locates and verifies all property corners and boundaries, shows the location of all improvements in relation to the property lines, includes an area of the overall property and shows any existing encroachments?
A boundary survey
What type of survey includes a topographic survey of a parcel of land which will be divided into two or more smaller tracts, lots or estate divisions?
A subdivision survey
What term means the right to mortgage a property as collateral for debt?
The right to encumber
The north-south area between consecutive meridians is called a
What describes real estate and the bundle of rights associated with owning the real estate?
What term describes a personal property item that has been converted to real property by attachment to real estate?
Tangible property is physical, visible, and
What describes items of a tenant's personal property that the tenant has temporarily affixed to a landlord's real property in order to conduct business?
What describes a portion of land delineated by boundaries?
What type of property is ownership of anything that is not real estate and the rights associated with owning the item?
What type of rights apply to the real estate contained within the surface boundaries of the parcel?
What type of rights concern properties abutting bodies of water that are not moving, such as lakes and seas?
What is the conversion of real property to personal property by detaching it from the real estate called?
The three unique characteristics of land are immobility, indestructibility, and
Property rights that are said "to run with the land" and includes things such as air rights, surface rights and subsurface rights are called
The term "metes" refers to distance and direction and the term "bounds" refers to
fixed reference points.
What system uses physical features of the local geography, along with directions and distances, to define and describe the boundaries of a parcel of land?
Metes and bounds
What did the federal government develop to simplify and standardize property descriptions as a replacement for the cumbersome and often inaccurate metes and bounds method?
The rectangular survey system
What refers to support provided by the adjacent property, such as a landowner having a right to demand that a neighboring property owner does nothing to cause the land to collapse
The metes and bounds description always identifies an enclosed area by starting at an origination point called
point of beginning.
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