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Major Concepts
Confusing Core Concepts and Terms
Term | Definition |
---|---|
Interest | The degree of rights in the ownership of land |
Estate | A legally recognized interest in the Use, Possession, control, and Disposition that a person has in land, and defines the Nature, Degree, Extent and Duration Of a persons ownership in land |
Real Estate | a. Land and all man-made improvements both on and to the land, plus all tangible interest in the real property b. Surface, Subsurface and air rights |
Real Property | |
Personal Property |