SlideShare a Scribd company logo
1 of 14
Unit 2: Real Property Concepts and
Characteristics
 Property
• Introduction
o Property is anything that may be owned and gained lawfully.
o The bundle of rights consists of all legal rights that are
attached to the ownership of physical property.
 Use = The right to use property, within the law in any way, or
for any purpose.
 Possess = The right to live on the property and the right to
keep others out.
 Transfer = The right to sell property, give it as a gift, or
dispose of it in any way permitted by law.
 Encumber = The right to borrow money and use property as
security for the loan.
 Enjoy = The right to peace and quiet enjoyment without
aggravation by others.
 Property (continued)
• Personal Property
o Personal property refers to those items that are not
permanently attached to land and are usually moveable and
portable.
 Personal property can also be referred to as personalty or
chattel.
• Real Property
o Real property is immovable and is usually transferred or sold
by a deed.
o Land
 Land is three-dimensional because land includes the surface,
limited quantities of airspace above the surface, and the
materials and minerals beneath the surface to the center of
the earth (subsurface).
 Surface rights include the right to build on the land, grow
crops, hunt, fish, and the basic enjoyment of the land.
 Property (continued)
• Real Property
o Attachments to the Land
 Items permanently attached to the land are real property and
belong to the owner. These items include natural
attachments, improvements, and fixtures.
 Natural attachments are growing plants attached by their
roots, such as trees, shrubs, and flowers. The two types of
natural attachments are fructus naturales and fructus
industriales.
• Fructus naturales are naturally occurring plant growth, such as
grasses, trees, and shrubs and are considered part of the real
property.
• Fructus industriales are annual crops produced by human
labor, such as fruits, nuts, vegetables, and grains.
• Emblements are annual crops cultivated by tenant farmers and
sharecroppers.
 Property (continued)
• Real Property
o Attachments to the Land
 Items permanently attached to the land are real property and
belong to the owner. These items include natural
attachments, improvements, and fixtures.
 Natural attachments are growing plants attached by their
roots, such as trees, shrubs, and flowers. The two types of
natural attachments are fructus naturales and fructus
industriales.
• Fructus naturales are naturally occurring plant growth, such as
grasses, trees, and shrubs and are considered part of the real
property.
• Fructus industriales are annual crops produced by human
labor, such as fruits, nuts, vegetables, and grains.
• Emblements are annual crops cultivated by tenant farmers and
sharecroppers.
 Property (continued)
• Real Property
o Attachments to the Land
 Improvements, such as houses, garages, fences,
swimming pools, or anything resting on the land to
become permanent are owned as a part of the land.
 A fixture is anything that is permanently attached to real
property by man or by nature. It also includes anything
permanently attached to the fixture, such as the door to a
cabinet.
• There are five tests used to determine if property is
considered a fixture or personal property. The tests are
agreement of the parties, method of attachment,
adaptation, intent of the parties, and the relationship of the
parties.
 Property (continued)
• Real Property
o Appurtenances
 An appurtenance is anything belonging to a particular piece
of land that is used for its benefit.
 Air rights are the rights an owner of real property has to the
air space above the property to a reasonable height.
 Water in its natural state on the surface of the land or
underground is real property.
• If it is taken and bottled, then it becomes personal property. In
addition, certain water rights that go with the land are
considered real property.
• The owner of property bordering a stream or river has riparian
rights, which include the rights of irrigation, swimming,
boating, and fishing among others.
• Owners of land bordering a lake possess littoral rights.
 Property (continued)
• Real Property
o Appurtenances
 The two kinds of support that neighboring property
owners owe each other are lateral support and subjacent
support.
• Lateral support is the absolute right of the property owner
to have his or her land held in place from the sides
(laterally) by adjoining land so that it will not fall away.
• Subjacent support is the absolute right of the property
owner to have his or her land supported from beneath its
surface.
 Property (continued)
• Real Property
o Appurtenances
 Subsurface rights are the rights to the natural resources,
such as minerals, oil, and gas below the surface.
• Minerals are owned as real property. However, oil and gas
are considered migratory minerals and may not be owned
until taken from the ground, at which time they become the
personal property of whoever removed them.
• An easement is a right, privilege, or interest limited to a
specific purpose which one party has in the land of
another.
• A right of way is a legal right to pass over another
person’s land.
 Property (continued)
• Real Property
o Anything Immovable by Law
 Some items are considered immovable by law and must be
sold with the property.
 Established trees are an example of this.
 Legal Descriptions
• A legal description is a written description of a
particular parcel of land that identifies it as
precisely as possible.
• Methods of Land Description
o Metes and Bounds
 Typical use = Irregular parcels of land
o Public Land Survey System
 Typical use = Rural, undeveloped areas
o Recorded Plat System
 Typical use = Urban areas, cities
 Legal Descriptions (continued)
• Methods of Land Description
o Metes and Bounds
 The metes and bounds description is the oldest method used to
describe real property.
 Metes mean measurements in length (measured in feet) from one
monument to another.
 Bounds refer to the direction.
 A metes and bounds description measures the dimensions of the
property using direction and distance between landmarks and survey
monuments.
 A landmark is a geographic feature, such as a large rock, an old tree,
a fork in a creek, or the intersection of two roads.
 Survey monuments (or markers) used by surveyors are man-made
objects, such as stakes or iron posts.
 A metes-and-bounds description starts at a well-marked point of
beginning (POB), and—following the boundaries of the land—
measures the distances between landmarks, then returns to the
beginning.
 Legal Descriptions (continued)
• Methods of Land Description
o Public Land Survey System
 When a survey is done using the PLSS, all its distances and bearings
are measured from two imaginary lines that are at right angles to
each other.
 These two lines, from which the measurements are made, are the
principal meridians, which run north and south, and the base lines
that run east and west.
 After establishing a starting point at the intersection of a chosen
principal meridian and baseline, the government surveyors drew
imaginary vertical lines called range lines every six miles east and
west of the meridian to form columns called ranges.
 Imaginary township lines were drawn every six miles north and south
of the baseline to form a horizontal row or tier of townships.
 Townships is a grid of squares, and each township is six miles by six
miles (36 square miles).
 Legal Descriptions (continued)
• Methods of Land Description
o Recorded Plat System
 The recorded plat system describes property by identifying the
registered lot and the block on a recorded subdivision plat or survey.
 The recorded plat system is also called the lot and block system or
subdivision map system.
 It is the most convenient and easily understood method of land
description and is most common for metropolitan use.
 A plat is a subdivision map filed with the county recorder's office that
shows the location and boundaries (lot and block number) of
individual parcels of land (lots), street right-of-way, subdivision
name, and easements.
 A lot is a single parcel of land that will be sold within a subdivision to
a buyer.
 A block is a contiguous group of lots, which are generally bounded
by man-made features, such as streets or natural features, such as
creeks.
 When developers divide parcels of land into lots, they prepare and
record a subdivision map or plat map.

More Related Content

What's hot

3.1.2 development control rules tdr
3.1.2 development control rules tdr3.1.2 development control rules tdr
3.1.2 development control rules tdrSachin PatiL
 
Fundamental Skills for Real Estate Development Professionals II – Project Ent...
Fundamental Skills for Real Estate Development Professionals II – Project Ent...Fundamental Skills for Real Estate Development Professionals II – Project Ent...
Fundamental Skills for Real Estate Development Professionals II – Project Ent...Virtual ULI
 
Fundamental Skills for Real Estate Development Professionals II. Con't Projec...
Fundamental Skills for Real Estate Development Professionals II. Con't Projec...Fundamental Skills for Real Estate Development Professionals II. Con't Projec...
Fundamental Skills for Real Estate Development Professionals II. Con't Projec...Virtual ULI
 
U.P. Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010
U.P. Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010U.P. Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010
U.P. Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010Subodh Shankar
 
Land Use, Zoning & Entitlement in Real Estate Development
Land Use, Zoning & Entitlement in Real Estate DevelopmentLand Use, Zoning & Entitlement in Real Estate Development
Land Use, Zoning & Entitlement in Real Estate DevelopmentPloutus Advisors
 
General Plan, Zoning And Entitlements
General Plan, Zoning And EntitlementsGeneral Plan, Zoning And Entitlements
General Plan, Zoning And EntitlementsAPMeyerhoff
 

What's hot (8)

Ch 3 zoning
Ch 3 zoningCh 3 zoning
Ch 3 zoning
 
3.1.2 development control rules tdr
3.1.2 development control rules tdr3.1.2 development control rules tdr
3.1.2 development control rules tdr
 
Fundamental Skills for Real Estate Development Professionals II – Project Ent...
Fundamental Skills for Real Estate Development Professionals II – Project Ent...Fundamental Skills for Real Estate Development Professionals II – Project Ent...
Fundamental Skills for Real Estate Development Professionals II – Project Ent...
 
Fundamental Skills for Real Estate Development Professionals II. Con't Projec...
Fundamental Skills for Real Estate Development Professionals II. Con't Projec...Fundamental Skills for Real Estate Development Professionals II. Con't Projec...
Fundamental Skills for Real Estate Development Professionals II. Con't Projec...
 
U.P. Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010
U.P. Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010U.P. Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010
U.P. Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010
 
Land Use, Zoning & Entitlement in Real Estate Development
Land Use, Zoning & Entitlement in Real Estate DevelopmentLand Use, Zoning & Entitlement in Real Estate Development
Land Use, Zoning & Entitlement in Real Estate Development
 
General Plan, Zoning And Entitlements
General Plan, Zoning And EntitlementsGeneral Plan, Zoning And Entitlements
General Plan, Zoning And Entitlements
 
Zoning regulations
Zoning regulationsZoning regulations
Zoning regulations
 

Similar to Real Property Concepts and Characteristics

Transfer of property act definitions
Transfer of property act definitionsTransfer of property act definitions
Transfer of property act definitionsDr. Vikas Khakare
 
Land ownership pattern and land tenure
Land ownership pattern and land tenureLand ownership pattern and land tenure
Land ownership pattern and land tenureS. M. Zahid Hasan
 
Topic 1. Movable and Immovable Property
Topic 1. Movable and Immovable PropertyTopic 1. Movable and Immovable Property
Topic 1. Movable and Immovable PropertyGagan
 
Module 1 - Property, Property Rights, Ownership, Condos
Module 1 - Property, Property Rights, Ownership, CondosModule 1 - Property, Property Rights, Ownership, Condos
Module 1 - Property, Property Rights, Ownership, Condosaliyahgary
 
Land information and gltn
Land information and gltnLand information and gltn
Land information and gltnUN-HABITAT
 
Chapter 32 The real estate exists 225After readi.docx
Chapter 32 The real estate exists          225After readi.docxChapter 32 The real estate exists          225After readi.docx
Chapter 32 The real estate exists 225After readi.docxketurahhazelhurst
 
Chapter 32 The real estate exists 225After readi.docx
Chapter 32 The real estate exists          225After readi.docxChapter 32 The real estate exists          225After readi.docx
Chapter 32 The real estate exists 225After readi.docxspoonerneddy
 
Fundamentals of land_ownership_land_boundaries_and_surveying
Fundamentals of land_ownership_land_boundaries_and_surveyingFundamentals of land_ownership_land_boundaries_and_surveying
Fundamentals of land_ownership_land_boundaries_and_surveyingReyCorpinMutia
 
The Space Pioneer Act
The Space Pioneer Act The Space Pioneer Act
The Space Pioneer Act Wayne White
 
Essay On Helping Poor People - Per
Essay On Helping Poor People - PerEssay On Helping Poor People - Per
Essay On Helping Poor People - PerElena Nongos
 
Tiamson introduction to land titling
Tiamson  introduction to land titlingTiamson  introduction to land titling
Tiamson introduction to land titlingFEF Philippines
 
Types of land in India: An Overview
Types of land in India: An OverviewTypes of land in India: An Overview
Types of land in India: An OverviewPreshtha Singh
 
The nature of geography
The nature of geographyThe nature of geography
The nature of geographyCris Capilayan
 
Miscellaneous Topics on Urban Planning
Miscellaneous Topics on Urban PlanningMiscellaneous Topics on Urban Planning
Miscellaneous Topics on Urban Planningsorbi
 
BUS 116 Chap030 real property and landlord tenant
BUS 116 Chap030   real property and landlord tenantBUS 116 Chap030   real property and landlord tenant
BUS 116 Chap030 real property and landlord tenantneogenesis6
 
Evaluation of land administration challenges and gaps.pptx
Evaluation of land administration challenges and gaps.pptxEvaluation of land administration challenges and gaps.pptx
Evaluation of land administration challenges and gaps.pptxminyt23
 

Similar to Real Property Concepts and Characteristics (20)

Transfer of property act definitions
Transfer of property act definitionsTransfer of property act definitions
Transfer of property act definitions
 
Land USE AND SURVEYING
Land USE AND SURVEYINGLand USE AND SURVEYING
Land USE AND SURVEYING
 
Land ownership pattern and land tenure
Land ownership pattern and land tenureLand ownership pattern and land tenure
Land ownership pattern and land tenure
 
Topic 1. Movable and Immovable Property
Topic 1. Movable and Immovable PropertyTopic 1. Movable and Immovable Property
Topic 1. Movable and Immovable Property
 
Module 1 - Property, Property Rights, Ownership, Condos
Module 1 - Property, Property Rights, Ownership, CondosModule 1 - Property, Property Rights, Ownership, Condos
Module 1 - Property, Property Rights, Ownership, Condos
 
Land information and gltn
Land information and gltnLand information and gltn
Land information and gltn
 
Chapter 32 The real estate exists 225After readi.docx
Chapter 32 The real estate exists          225After readi.docxChapter 32 The real estate exists          225After readi.docx
Chapter 32 The real estate exists 225After readi.docx
 
Chapter 32 The real estate exists 225After readi.docx
Chapter 32 The real estate exists          225After readi.docxChapter 32 The real estate exists          225After readi.docx
Chapter 32 The real estate exists 225After readi.docx
 
Fundamentals of land_ownership_land_boundaries_and_surveying
Fundamentals of land_ownership_land_boundaries_and_surveyingFundamentals of land_ownership_land_boundaries_and_surveying
Fundamentals of land_ownership_land_boundaries_and_surveying
 
The Space Pioneer Act
The Space Pioneer Act The Space Pioneer Act
The Space Pioneer Act
 
Introduction to Landuse planning
Introduction to Landuse planningIntroduction to Landuse planning
Introduction to Landuse planning
 
Essay On Helping Poor People - Per
Essay On Helping Poor People - PerEssay On Helping Poor People - Per
Essay On Helping Poor People - Per
 
Tiamson introduction to land titling
Tiamson  introduction to land titlingTiamson  introduction to land titling
Tiamson introduction to land titling
 
real property
real propertyreal property
real property
 
Types of land in India: An Overview
Types of land in India: An OverviewTypes of land in India: An Overview
Types of land in India: An Overview
 
Chapter 2
Chapter 2Chapter 2
Chapter 2
 
The nature of geography
The nature of geographyThe nature of geography
The nature of geography
 
Miscellaneous Topics on Urban Planning
Miscellaneous Topics on Urban PlanningMiscellaneous Topics on Urban Planning
Miscellaneous Topics on Urban Planning
 
BUS 116 Chap030 real property and landlord tenant
BUS 116 Chap030   real property and landlord tenantBUS 116 Chap030   real property and landlord tenant
BUS 116 Chap030 real property and landlord tenant
 
Evaluation of land administration challenges and gaps.pptx
Evaluation of land administration challenges and gaps.pptxEvaluation of land administration challenges and gaps.pptx
Evaluation of land administration challenges and gaps.pptx
 

More from Eric Sharkey

Tx law-18 - unit 14
Tx law-18 - unit 14Tx law-18 - unit 14
Tx law-18 - unit 14Eric Sharkey
 
Tx law-18 - unit 13
Tx law-18 - unit 13Tx law-18 - unit 13
Tx law-18 - unit 13Eric Sharkey
 
Tx law-18 - unit 12
Tx law-18 - unit 12Tx law-18 - unit 12
Tx law-18 - unit 12Eric Sharkey
 
Tx law-18 - unit 11
Tx law-18 - unit 11Tx law-18 - unit 11
Tx law-18 - unit 11Eric Sharkey
 
Tx law-18 - unit 10
Tx law-18 - unit 10Tx law-18 - unit 10
Tx law-18 - unit 10Eric Sharkey
 
Tx law-18 - unit 9
Tx law-18 - unit 9Tx law-18 - unit 9
Tx law-18 - unit 9Eric Sharkey
 
Tx law-18 - unit 8
Tx law-18 - unit 8Tx law-18 - unit 8
Tx law-18 - unit 8Eric Sharkey
 
Tx law-18 - unit 7
Tx law-18 - unit 7Tx law-18 - unit 7
Tx law-18 - unit 7Eric Sharkey
 
Tx law-18 - unit 6
Tx law-18 - unit 6Tx law-18 - unit 6
Tx law-18 - unit 6Eric Sharkey
 
Tx law-18 - unit 5
Tx law-18 - unit 5Tx law-18 - unit 5
Tx law-18 - unit 5Eric Sharkey
 
Tx law-18 - unit 4
Tx law-18 - unit 4Tx law-18 - unit 4
Tx law-18 - unit 4Eric Sharkey
 
Tx law-18 - unit 3
Tx law-18 - unit 3Tx law-18 - unit 3
Tx law-18 - unit 3Eric Sharkey
 
Tx law-18 - unit 2
Tx law-18 - unit 2Tx law-18 - unit 2
Tx law-18 - unit 2Eric Sharkey
 
Tx law-18 - unit 1
Tx law-18 - unit 1Tx law-18 - unit 1
Tx law-18 - unit 1Eric Sharkey
 
Safe 7 hr-ce-18 module 7
Safe   7 hr-ce-18 module 7Safe   7 hr-ce-18 module 7
Safe 7 hr-ce-18 module 7Eric Sharkey
 
Safe 7 hr-ce-18 module 6
Safe   7 hr-ce-18 module 6Safe   7 hr-ce-18 module 6
Safe 7 hr-ce-18 module 6Eric Sharkey
 
Safe 7 hr-ce-18 module 5
Safe   7 hr-ce-18 module 5Safe   7 hr-ce-18 module 5
Safe 7 hr-ce-18 module 5Eric Sharkey
 
Safe 7 hr-ce-18 module 4
Safe   7 hr-ce-18 module 4Safe   7 hr-ce-18 module 4
Safe 7 hr-ce-18 module 4Eric Sharkey
 
Safe 7 hr-ce-18 module 3
Safe   7 hr-ce-18 module 3Safe   7 hr-ce-18 module 3
Safe 7 hr-ce-18 module 3Eric Sharkey
 
Safe 7 hr-ce-18 module 2
Safe   7 hr-ce-18 module 2Safe   7 hr-ce-18 module 2
Safe 7 hr-ce-18 module 2Eric Sharkey
 

More from Eric Sharkey (20)

Tx law-18 - unit 14
Tx law-18 - unit 14Tx law-18 - unit 14
Tx law-18 - unit 14
 
Tx law-18 - unit 13
Tx law-18 - unit 13Tx law-18 - unit 13
Tx law-18 - unit 13
 
Tx law-18 - unit 12
Tx law-18 - unit 12Tx law-18 - unit 12
Tx law-18 - unit 12
 
Tx law-18 - unit 11
Tx law-18 - unit 11Tx law-18 - unit 11
Tx law-18 - unit 11
 
Tx law-18 - unit 10
Tx law-18 - unit 10Tx law-18 - unit 10
Tx law-18 - unit 10
 
Tx law-18 - unit 9
Tx law-18 - unit 9Tx law-18 - unit 9
Tx law-18 - unit 9
 
Tx law-18 - unit 8
Tx law-18 - unit 8Tx law-18 - unit 8
Tx law-18 - unit 8
 
Tx law-18 - unit 7
Tx law-18 - unit 7Tx law-18 - unit 7
Tx law-18 - unit 7
 
Tx law-18 - unit 6
Tx law-18 - unit 6Tx law-18 - unit 6
Tx law-18 - unit 6
 
Tx law-18 - unit 5
Tx law-18 - unit 5Tx law-18 - unit 5
Tx law-18 - unit 5
 
Tx law-18 - unit 4
Tx law-18 - unit 4Tx law-18 - unit 4
Tx law-18 - unit 4
 
Tx law-18 - unit 3
Tx law-18 - unit 3Tx law-18 - unit 3
Tx law-18 - unit 3
 
Tx law-18 - unit 2
Tx law-18 - unit 2Tx law-18 - unit 2
Tx law-18 - unit 2
 
Tx law-18 - unit 1
Tx law-18 - unit 1Tx law-18 - unit 1
Tx law-18 - unit 1
 
Safe 7 hr-ce-18 module 7
Safe   7 hr-ce-18 module 7Safe   7 hr-ce-18 module 7
Safe 7 hr-ce-18 module 7
 
Safe 7 hr-ce-18 module 6
Safe   7 hr-ce-18 module 6Safe   7 hr-ce-18 module 6
Safe 7 hr-ce-18 module 6
 
Safe 7 hr-ce-18 module 5
Safe   7 hr-ce-18 module 5Safe   7 hr-ce-18 module 5
Safe 7 hr-ce-18 module 5
 
Safe 7 hr-ce-18 module 4
Safe   7 hr-ce-18 module 4Safe   7 hr-ce-18 module 4
Safe 7 hr-ce-18 module 4
 
Safe 7 hr-ce-18 module 3
Safe   7 hr-ce-18 module 3Safe   7 hr-ce-18 module 3
Safe 7 hr-ce-18 module 3
 
Safe 7 hr-ce-18 module 2
Safe   7 hr-ce-18 module 2Safe   7 hr-ce-18 module 2
Safe 7 hr-ce-18 module 2
 

Recently uploaded

Low Rate Call Girls in Akshardham Delhi Call 9990771857
Low Rate Call Girls in Akshardham   Delhi Call 9990771857Low Rate Call Girls in Akshardham   Delhi Call 9990771857
Low Rate Call Girls in Akshardham Delhi Call 9990771857delhimodel235
 
Call Girls in Nehru Place Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Nehru Place Delhi 💯Call Us 🔝8264348440🔝Call Girls in Nehru Place Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Nehru Place Delhi 💯Call Us 🔝8264348440🔝soniya singh
 
Purva Palm Hills Devanahalli, Bangalore E- Brochure.pdf
Purva Palm Hills Devanahalli, Bangalore E- Brochure.pdfPurva Palm Hills Devanahalli, Bangalore E- Brochure.pdf
Purva Palm Hills Devanahalli, Bangalore E- Brochure.pdffaheemali990101
 
8 Key Elements for Comfortable Farmland Living
8 Key Elements for Comfortable Farmland Living 8 Key Elements for Comfortable Farmland Living
8 Key Elements for Comfortable Farmland Living Farmland Bazaar
 
Call Girls In Vasundhara Ghaziabad ❤️8860477959 Low Rate Escorts Service In 2...
Call Girls In Vasundhara Ghaziabad ❤️8860477959 Low Rate Escorts Service In 2...Call Girls In Vasundhara Ghaziabad ❤️8860477959 Low Rate Escorts Service In 2...
Call Girls In Vasundhara Ghaziabad ❤️8860477959 Low Rate Escorts Service In 2...lizamodels9
 
Listing Turkey Sylvana Istanbul - Bahcesehir
Listing Turkey Sylvana Istanbul - BahcesehirListing Turkey Sylvana Istanbul - Bahcesehir
Listing Turkey Sylvana Istanbul - BahcesehirListing Turkey
 
Low Rate Call Girls in Triveni Complex Delhi Call 9990771857
Low Rate Call Girls in Triveni Complex Delhi Call 9990771857Low Rate Call Girls in Triveni Complex Delhi Call 9990771857
Low Rate Call Girls in Triveni Complex Delhi Call 9990771857delhimodel235
 
Call Girls in Model Town Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Model Town Delhi 💯Call Us 🔝8264348440🔝Call Girls in Model Town Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Model Town Delhi 💯Call Us 🔝8264348440🔝soniya singh
 
9990771857 Call Girls in Noida Sector 10 Noida (Call Girls) Delhi
9990771857 Call Girls in Noida Sector 10 Noida (Call Girls) Delhi9990771857 Call Girls in Noida Sector 10 Noida (Call Girls) Delhi
9990771857 Call Girls in Noida Sector 10 Noida (Call Girls) Delhidelhimodel235
 
Call Girls in Inderpuri Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Inderpuri Delhi 💯Call Us 🔝8264348440🔝Call Girls in Inderpuri Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Inderpuri Delhi 💯Call Us 🔝8264348440🔝soniya singh
 
9990771857 Call Girls in Noida Sector 34 Noida (Call Girls) Delhi
9990771857 Call Girls in Noida Sector 34 Noida (Call Girls) Delhi9990771857 Call Girls in Noida Sector 34 Noida (Call Girls) Delhi
9990771857 Call Girls in Noida Sector 34 Noida (Call Girls) Delhidelhimodel235
 
Call Girls in Pitampura Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Pitampura Delhi 💯Call Us 🔝8264348440🔝Call Girls in Pitampura Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Pitampura Delhi 💯Call Us 🔝8264348440🔝soniya singh
 
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️soniya singh
 
Call Girls In The Lalit New Delhi ❤️8860477959 Good Looking Escorts In 24/7 D...
Call Girls In The Lalit New Delhi ❤️8860477959 Good Looking Escorts In 24/7 D...Call Girls In The Lalit New Delhi ❤️8860477959 Good Looking Escorts In 24/7 D...
Call Girls In The Lalit New Delhi ❤️8860477959 Good Looking Escorts In 24/7 D...lizamodels9
 
Omaxe Dwarka In Delhi E Brochure Pdf
Omaxe Dwarka In Delhi E Brochure     PdfOmaxe Dwarka In Delhi E Brochure     Pdf
Omaxe Dwarka In Delhi E Brochure Pdfashiyadav24
 
call girls in Shahdara (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Shahdara (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Shahdara (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Shahdara (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
Call Girls In Madipur Metro Delhi꧁ +91)8447779280꧂Low Rate 2 short 2000 full ...
Call Girls In Madipur Metro Delhi꧁ +91)8447779280꧂Low Rate 2 short 2000 full ...Call Girls In Madipur Metro Delhi꧁ +91)8447779280꧂Low Rate 2 short 2000 full ...
Call Girls In Madipur Metro Delhi꧁ +91)8447779280꧂Low Rate 2 short 2000 full ...asmaqueen5
 
Call Girls In Hari Nagar Dadb Block {8447779280}Hari Nagar {West Delhi Escort...
Call Girls In Hari Nagar Dadb Block {8447779280}Hari Nagar {West Delhi Escort...Call Girls In Hari Nagar Dadb Block {8447779280}Hari Nagar {West Delhi Escort...
Call Girls In Hari Nagar Dadb Block {8447779280}Hari Nagar {West Delhi Escort...asmaqueen5
 

Recently uploaded (20)

Low Rate Call Girls in Akshardham Delhi Call 9990771857
Low Rate Call Girls in Akshardham   Delhi Call 9990771857Low Rate Call Girls in Akshardham   Delhi Call 9990771857
Low Rate Call Girls in Akshardham Delhi Call 9990771857
 
Call Girls in Nehru Place Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Nehru Place Delhi 💯Call Us 🔝8264348440🔝Call Girls in Nehru Place Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Nehru Place Delhi 💯Call Us 🔝8264348440🔝
 
Purva Palm Hills Devanahalli, Bangalore E- Brochure.pdf
Purva Palm Hills Devanahalli, Bangalore E- Brochure.pdfPurva Palm Hills Devanahalli, Bangalore E- Brochure.pdf
Purva Palm Hills Devanahalli, Bangalore E- Brochure.pdf
 
8 Key Elements for Comfortable Farmland Living
8 Key Elements for Comfortable Farmland Living 8 Key Elements for Comfortable Farmland Living
8 Key Elements for Comfortable Farmland Living
 
Call Girls In Vasundhara Ghaziabad ❤️8860477959 Low Rate Escorts Service In 2...
Call Girls In Vasundhara Ghaziabad ❤️8860477959 Low Rate Escorts Service In 2...Call Girls In Vasundhara Ghaziabad ❤️8860477959 Low Rate Escorts Service In 2...
Call Girls In Vasundhara Ghaziabad ❤️8860477959 Low Rate Escorts Service In 2...
 
Listing Turkey Sylvana Istanbul - Bahcesehir
Listing Turkey Sylvana Istanbul - BahcesehirListing Turkey Sylvana Istanbul - Bahcesehir
Listing Turkey Sylvana Istanbul - Bahcesehir
 
Call Girls in Mahavir Nagar whatsaap call US +919953056974
Call Girls in Mahavir Nagar  whatsaap call US  +919953056974Call Girls in Mahavir Nagar  whatsaap call US  +919953056974
Call Girls in Mahavir Nagar whatsaap call US +919953056974
 
Low Rate Call Girls in Triveni Complex Delhi Call 9873940964
Low Rate Call Girls in Triveni Complex Delhi Call 9873940964Low Rate Call Girls in Triveni Complex Delhi Call 9873940964
Low Rate Call Girls in Triveni Complex Delhi Call 9873940964
 
Low Rate Call Girls in Triveni Complex Delhi Call 9990771857
Low Rate Call Girls in Triveni Complex Delhi Call 9990771857Low Rate Call Girls in Triveni Complex Delhi Call 9990771857
Low Rate Call Girls in Triveni Complex Delhi Call 9990771857
 
Call Girls in Model Town Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Model Town Delhi 💯Call Us 🔝8264348440🔝Call Girls in Model Town Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Model Town Delhi 💯Call Us 🔝8264348440🔝
 
9990771857 Call Girls in Noida Sector 10 Noida (Call Girls) Delhi
9990771857 Call Girls in Noida Sector 10 Noida (Call Girls) Delhi9990771857 Call Girls in Noida Sector 10 Noida (Call Girls) Delhi
9990771857 Call Girls in Noida Sector 10 Noida (Call Girls) Delhi
 
Call Girls in Inderpuri Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Inderpuri Delhi 💯Call Us 🔝8264348440🔝Call Girls in Inderpuri Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Inderpuri Delhi 💯Call Us 🔝8264348440🔝
 
9990771857 Call Girls in Noida Sector 34 Noida (Call Girls) Delhi
9990771857 Call Girls in Noida Sector 34 Noida (Call Girls) Delhi9990771857 Call Girls in Noida Sector 34 Noida (Call Girls) Delhi
9990771857 Call Girls in Noida Sector 34 Noida (Call Girls) Delhi
 
Call Girls in Pitampura Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Pitampura Delhi 💯Call Us 🔝8264348440🔝Call Girls in Pitampura Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Pitampura Delhi 💯Call Us 🔝8264348440🔝
 
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
 
Call Girls In The Lalit New Delhi ❤️8860477959 Good Looking Escorts In 24/7 D...
Call Girls In The Lalit New Delhi ❤️8860477959 Good Looking Escorts In 24/7 D...Call Girls In The Lalit New Delhi ❤️8860477959 Good Looking Escorts In 24/7 D...
Call Girls In The Lalit New Delhi ❤️8860477959 Good Looking Escorts In 24/7 D...
 
Omaxe Dwarka In Delhi E Brochure Pdf
Omaxe Dwarka In Delhi E Brochure     PdfOmaxe Dwarka In Delhi E Brochure     Pdf
Omaxe Dwarka In Delhi E Brochure Pdf
 
call girls in Shahdara (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Shahdara (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Shahdara (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Shahdara (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
 
Call Girls In Madipur Metro Delhi꧁ +91)8447779280꧂Low Rate 2 short 2000 full ...
Call Girls In Madipur Metro Delhi꧁ +91)8447779280꧂Low Rate 2 short 2000 full ...Call Girls In Madipur Metro Delhi꧁ +91)8447779280꧂Low Rate 2 short 2000 full ...
Call Girls In Madipur Metro Delhi꧁ +91)8447779280꧂Low Rate 2 short 2000 full ...
 
Call Girls In Hari Nagar Dadb Block {8447779280}Hari Nagar {West Delhi Escort...
Call Girls In Hari Nagar Dadb Block {8447779280}Hari Nagar {West Delhi Escort...Call Girls In Hari Nagar Dadb Block {8447779280}Hari Nagar {West Delhi Escort...
Call Girls In Hari Nagar Dadb Block {8447779280}Hari Nagar {West Delhi Escort...
 

Real Property Concepts and Characteristics

  • 1. Unit 2: Real Property Concepts and Characteristics
  • 2.  Property • Introduction o Property is anything that may be owned and gained lawfully. o The bundle of rights consists of all legal rights that are attached to the ownership of physical property.  Use = The right to use property, within the law in any way, or for any purpose.  Possess = The right to live on the property and the right to keep others out.  Transfer = The right to sell property, give it as a gift, or dispose of it in any way permitted by law.  Encumber = The right to borrow money and use property as security for the loan.  Enjoy = The right to peace and quiet enjoyment without aggravation by others.
  • 3.  Property (continued) • Personal Property o Personal property refers to those items that are not permanently attached to land and are usually moveable and portable.  Personal property can also be referred to as personalty or chattel. • Real Property o Real property is immovable and is usually transferred or sold by a deed. o Land  Land is three-dimensional because land includes the surface, limited quantities of airspace above the surface, and the materials and minerals beneath the surface to the center of the earth (subsurface).  Surface rights include the right to build on the land, grow crops, hunt, fish, and the basic enjoyment of the land.
  • 4.  Property (continued) • Real Property o Attachments to the Land  Items permanently attached to the land are real property and belong to the owner. These items include natural attachments, improvements, and fixtures.  Natural attachments are growing plants attached by their roots, such as trees, shrubs, and flowers. The two types of natural attachments are fructus naturales and fructus industriales. • Fructus naturales are naturally occurring plant growth, such as grasses, trees, and shrubs and are considered part of the real property. • Fructus industriales are annual crops produced by human labor, such as fruits, nuts, vegetables, and grains. • Emblements are annual crops cultivated by tenant farmers and sharecroppers.
  • 5.  Property (continued) • Real Property o Attachments to the Land  Items permanently attached to the land are real property and belong to the owner. These items include natural attachments, improvements, and fixtures.  Natural attachments are growing plants attached by their roots, such as trees, shrubs, and flowers. The two types of natural attachments are fructus naturales and fructus industriales. • Fructus naturales are naturally occurring plant growth, such as grasses, trees, and shrubs and are considered part of the real property. • Fructus industriales are annual crops produced by human labor, such as fruits, nuts, vegetables, and grains. • Emblements are annual crops cultivated by tenant farmers and sharecroppers.
  • 6.  Property (continued) • Real Property o Attachments to the Land  Improvements, such as houses, garages, fences, swimming pools, or anything resting on the land to become permanent are owned as a part of the land.  A fixture is anything that is permanently attached to real property by man or by nature. It also includes anything permanently attached to the fixture, such as the door to a cabinet. • There are five tests used to determine if property is considered a fixture or personal property. The tests are agreement of the parties, method of attachment, adaptation, intent of the parties, and the relationship of the parties.
  • 7.  Property (continued) • Real Property o Appurtenances  An appurtenance is anything belonging to a particular piece of land that is used for its benefit.  Air rights are the rights an owner of real property has to the air space above the property to a reasonable height.  Water in its natural state on the surface of the land or underground is real property. • If it is taken and bottled, then it becomes personal property. In addition, certain water rights that go with the land are considered real property. • The owner of property bordering a stream or river has riparian rights, which include the rights of irrigation, swimming, boating, and fishing among others. • Owners of land bordering a lake possess littoral rights.
  • 8.  Property (continued) • Real Property o Appurtenances  The two kinds of support that neighboring property owners owe each other are lateral support and subjacent support. • Lateral support is the absolute right of the property owner to have his or her land held in place from the sides (laterally) by adjoining land so that it will not fall away. • Subjacent support is the absolute right of the property owner to have his or her land supported from beneath its surface.
  • 9.  Property (continued) • Real Property o Appurtenances  Subsurface rights are the rights to the natural resources, such as minerals, oil, and gas below the surface. • Minerals are owned as real property. However, oil and gas are considered migratory minerals and may not be owned until taken from the ground, at which time they become the personal property of whoever removed them. • An easement is a right, privilege, or interest limited to a specific purpose which one party has in the land of another. • A right of way is a legal right to pass over another person’s land.
  • 10.  Property (continued) • Real Property o Anything Immovable by Law  Some items are considered immovable by law and must be sold with the property.  Established trees are an example of this.
  • 11.  Legal Descriptions • A legal description is a written description of a particular parcel of land that identifies it as precisely as possible. • Methods of Land Description o Metes and Bounds  Typical use = Irregular parcels of land o Public Land Survey System  Typical use = Rural, undeveloped areas o Recorded Plat System  Typical use = Urban areas, cities
  • 12.  Legal Descriptions (continued) • Methods of Land Description o Metes and Bounds  The metes and bounds description is the oldest method used to describe real property.  Metes mean measurements in length (measured in feet) from one monument to another.  Bounds refer to the direction.  A metes and bounds description measures the dimensions of the property using direction and distance between landmarks and survey monuments.  A landmark is a geographic feature, such as a large rock, an old tree, a fork in a creek, or the intersection of two roads.  Survey monuments (or markers) used by surveyors are man-made objects, such as stakes or iron posts.  A metes-and-bounds description starts at a well-marked point of beginning (POB), and—following the boundaries of the land— measures the distances between landmarks, then returns to the beginning.
  • 13.  Legal Descriptions (continued) • Methods of Land Description o Public Land Survey System  When a survey is done using the PLSS, all its distances and bearings are measured from two imaginary lines that are at right angles to each other.  These two lines, from which the measurements are made, are the principal meridians, which run north and south, and the base lines that run east and west.  After establishing a starting point at the intersection of a chosen principal meridian and baseline, the government surveyors drew imaginary vertical lines called range lines every six miles east and west of the meridian to form columns called ranges.  Imaginary township lines were drawn every six miles north and south of the baseline to form a horizontal row or tier of townships.  Townships is a grid of squares, and each township is six miles by six miles (36 square miles).
  • 14.  Legal Descriptions (continued) • Methods of Land Description o Recorded Plat System  The recorded plat system describes property by identifying the registered lot and the block on a recorded subdivision plat or survey.  The recorded plat system is also called the lot and block system or subdivision map system.  It is the most convenient and easily understood method of land description and is most common for metropolitan use.  A plat is a subdivision map filed with the county recorder's office that shows the location and boundaries (lot and block number) of individual parcels of land (lots), street right-of-way, subdivision name, and easements.  A lot is a single parcel of land that will be sold within a subdivision to a buyer.  A block is a contiguous group of lots, which are generally bounded by man-made features, such as streets or natural features, such as creeks.  When developers divide parcels of land into lots, they prepare and record a subdivision map or plat map.