Chapter 2 - Chapter 2: Real Property and the Law - Land:...

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Chapter 2: Real Property and the Law - Land: the earth’s surface extending downward to the center of the earth and upward to infinity, including permanent natural objects such as trees and water o Not only means surface of earth, but also the underlying soil. Means things that are naturally attached to the land, such as boulders and plants. Includes minerals and substances below earth’s surface (subsurface) and the air above the earth, all the way up into space (airspace). - Real estate : land at, above, and below the earth’s surface, plus all things permanently attached to it, whether natural or manmade. o Includes not only the natural components of the land, but also all human- made improvements. Improvements : any artificial (human-made) things attached to land, such as a building or a fence. - Real property : the interests, benefits, and bundle of rights that are automatically included in the ownership of land and real estate o Includes both land and real estate o Includes the surface, subsurface, and airspace, any improvements and the bundle of legal rights
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This note was uploaded on 02/02/2012 for the course BTE 231 taught by Professor Thomasgoodwin during the Fall '10 term at Miami University.

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Chapter 2 - Chapter 2: Real Property and the Law - Land:...

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