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REP_OH.02

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

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

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