Most used legal description that refers to a point of beginning (POB) and then uses distances and compass direcitons

Real Property aka Realty

Land along with its improvements, things attached to it, and the benefits, rights and interests included in its ownership.

Personal Property/Personalty-Anything that is unattached and moveable, such as furniture.

Once-moveable items that have been attached to real property. e.g. sink or ceiling fan

Fixtures used by business tenants such a display cases or supermarket freezers. Consideered the tenant's removable personal property.

Term for how, by attachment something that was formerly personal property becomes real property.

Additions to real property from natural causes, such as a riverfront that benefits from a shift in the river's path.

The process of separating a fixture from real property. Also applies to removing "connected" elements such as crops and minerals from the land.

Four legal tests for a fixture

1 Intention 2 Method of Attachment 3 adaptation 4 Relationship/Understanding between Parties

"Runs with the land" or belonging to something else. Rights do not end when the new owner takes titile.

Crops that a tenant generally owns as personal property and may return to harvest even after a lease expires.

Fructus Industraials "Fruits of Industry"

Fruits of growning crops considered personal property.

Fructus Naturales "Fruits of Nature"

Tree's & Bushes considered to be real property.

Earth's surface, subsurface to the center of the earth, the space overhead and rights to each.

Three physical Characteristics of Land

Immobility, permanence (indestructibility), uniqueness.

Additionss to the property that increase its value or enhance its appearance.

Any number of landmarks that provides a stable point of reference for surveys. They can be natural such as trees, revers or artificial such as stakes, markers, or pins

System of Property description generally used for Subdivisions.

Identifies properties according to a plat map or sometimes even an assessor's map.

Assessor's Map (Subdivision)

Shows the specific dimensions of each lot, the access roads, and easments. Almost always have a disclaimer that they are "For Tax Purposes Only."

Determine the accurate location and dimensions of property boundary lines.

For test purposes 43,560 Square Feet

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Pearson VUE

Real Estate Review

Question	Answer
Metes and Bounds	Most used legal description that refers to a point of beginning (POB) and then uses distances and compass direcitons
Real Property aka Realty	Land along with its improvements, things attached to it, and the benefits, rights and interests included in its ownership.
Chattel	Personal Property/Personalty-Anything that is unattached and moveable, such as furniture.
Fixtures	Once-moveable items that have been attached to real property. e.g. sink or ceiling fan
Trade Fixture	Fixtures used by business tenants such a display cases or supermarket freezers. Consideered the tenant's removable personal property.
Annexation	Term for how, by attachment something that was formerly personal property becomes real property.
Accession	Additions to real property from natural causes, such as a riverfront that benefits from a shift in the river's path.
Severance	The process of separating a fixture from real property. Also applies to removing "connected" elements such as crops and minerals from the land.
Four legal tests for a fixture	1 Intention 2 Method of Attachment 3 adaptation 4 Relationship/Understanding between Parties
Appurtenance	"Runs with the land" or belonging to something else. Rights do not end when the new owner takes titile.
Emblements	Crops that a tenant generally owns as personal property and may return to harvest even after a lease expires.
Fructus Industraials "Fruits of Industry"	Fruits of growning crops considered personal property.
Fructus Naturales "Fruits of Nature"	Tree's & Bushes considered to be real property.
"LAND" Includes	Earth's surface, subsurface to the center of the earth, the space overhead and rights to each.
Three physical Characteristics of Land	Immobility, permanence (indestructibility), uniqueness.
Improvements	Additionss to the property that increase its value or enhance its appearance.
Monument	Any number of landmarks that provides a stable point of reference for surveys. They can be natural such as trees, revers or artificial such as stakes, markers, or pins
Lot/Block/Tract	System of Property description generally used for Subdivisions.
Recorded Plat System	Identifies properties according to a plat map or sometimes even an assessor's map.
Assessor's Map (Subdivision)	Shows the specific dimensions of each lot, the access roads, and easments. Almost always have a disclaimer that they are "For Tax Purposes Only."
Propety Survey	Determine the accurate location and dimensions of property boundary lines.
Acre Size	For test purposes 43,560 Square Feet
Assessor's Acre	40,000 Square Feet

Created by: vstansell

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