Chapter 3 Test
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| A. establishes protective usage restrictions and guidelines for dealing with hazardous materials and other environmental concernsB. no two parcels of land are exactly the same. Ex: locationC. a portion of land delineated by boundariesD. improvements
Ex: fences, streets, wells, sidewalks.E. Intention, adaptation, functionality, relationship of parties, and sale or lease contract provisions. F. physical, visible, and material. (something you can touch)
real property: all types are tangible
personal property: boat, car, jewelry. G. County and local government regulation, control how all property within the jurisdiction may be developed, improved, demolished, and managed.H. concern properties abutting moving water. navigable or not determines if the owner owns the land beneath the steam to its midpoint.
Ex: streams and rivers
if non navigable- owner owns it I. laws and regulations at every level of government qualify and limit individual real property ownership and the bundle of rights associated with it.J. broad standards of real property usage, natural disaster, land description, and discrimination.K. trueL. abstract, has no physical existence yet it has evidence of one's ownership.
Ex: stock, certificate, contract, etcM. -land and real estate
-real estate and property
-real property and personal propertyN. dwelling units constructed off-site and transported to and assembled on a building site.
Ex: Mobile home and manufactured housing
Can be considered real or personal property depending on whether it is permanently affixed to the ground. O. one's intention in attaching the itemP. real property and personal propertyQ. land beneath the surface of the real estate parcel. Extending from surface boundaries downward to center of earth.
ex: right to extract minerals, gas, and subsurface water.R. fences, streets, buildings, wells, sewers, sidewalks, etc.S. concern properties abutting bodies of water that are NOT moving. Navigable non-moving body of water is public property but can be used by the owner of the property.T. items of a tenant's personal property that the tenant has temporarily affixed to a landlords real property in order to conduct business.
Ex: a grocer's food freezers |
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