REP_OH.02

REP_OH.02 - CM 426 REAL ESTATE PRACTICE - CHAPTER 2 I....

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
CM 426 REAL ESTATE PRACTICE -- CHAPTER 2 I. DEFINITIONS A. LAND 1. EARTH’S SURFACE DOWN TO CENTER OF EARTH, UP TO INFINITY. INCLUDES NATURAL THINGS PERMANENTLY ATTACHED 2. SPECIFIC PARCEL 3. LEGAL DESCRIPTION B. REAL ESTATE LAND + PERMANENT MAN-MADE ADDITIONS (IMPROVEMENTS) C. REAL PROPERTY REAL ESTATE + BUNDLE OF LEGAL RIGHTS D. IN PRACTICE REAL ESTATE AND REAL PROPERTY ARE REALLY INTERCHANGEABLE E. IMPROVEMENTS ANY ARTIFICIAL THING ATTACHED TO LAND F. BUNDLE OF LEGAL RIGHTS -- RIGHTS OF: 1. POSSESSION 2. CONTROL (WITHIN THE LAW) 3. ENJOYMENT (IN LEGAL MANNER) 4. EXCLUSION (KEEP OTHERS OUT) 5. DISPOSITION (SELL, WILL, TRANSFER) 6. ENCUMBRANCE (COLLATERAL, LIEN) G. SUBSURFACE AND AIR RIGHTS
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1. SURFACE, SUBSURFACE, AIR a. SUBSURFACE VS. SURFACE b. AIR RIGHTS -- SOLAR, ETC.? 2. DISTINCT AND TRANSFERRABLE SEPARATELY II. REAL PROPERTY vs. PERSONAL PROPERTY A. PERSONAL PROPERTY 1. ANYTHING NOT REAL PROPERTY a. PERSONALTY b. CHATTELS 2. DIFFICULT ITEMS a. MOBILE HOMES b. CROPS, TREES, SHRUBS
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/11/2012 for the course CM 426 taught by Professor Markhutchings during the Winter '12 term at BYU.

Page1 / 4

REP_OH.02 - CM 426 REAL ESTATE PRACTICE - CHAPTER 2 I....

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online