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national 1
national 1 chapter review
Term | Definition |
---|---|
Personal property | Movable i.e. potted plants, furniture, documents, etc.. |
Real property, real estate, realty | immovable. land and everything attached to it |
Deed | written instrument conveys and transfers ownership interest in real property |
Heterogeneity | no two parcels of land are the same |
P E T E | Police power Eminent domain Taxation Escheat |
Dedication | gift of private land to public without consideration for public uses |
Condemnation | process of property going through eminent domain |
Conversion | process of real property -> personal property (or reverse) |