gross lease
~ tenant pays a fixed rent, and the landlord pays all taxes, insurance, repairs,
utilities, and maintenance connected with the property
constructive eviction
~ Actions of a landlord that so materially disturb or impair a tenant's enjoyment of
the leased premises that the tenant...
✓~ a person or company licensed to buy, sell, exchange, or lease real property for
others and to charge a fee for these services
uniqueness
✓~ no two parcels of real estate are alike, each occupies its own unique location
immobility
✓~ property cant be relocated to satisfy demand where supply is low
land
✓~ earths surface extending downward to the center of the earth and upward to
infinity
bundle of legal rights
, ✓~ right of possession, to control the property within the framework of the law,
enjoyment, exclusion, and disposition
appurtenance
✓~ right or privilege associated with the property
fructus naturales
✓~ trees, perennial shrubbery, and grasses that do not require annual cultivation
fructus industriales
✓~ emblements or annually cultivated crops such as fruit, vegetables, and grain
severance
✓~ separating from the land
annexation
✓~ change personal property into real property
fixture
, ✓~ personal property that has been attached to land or a building that becomes
part of the real property
MARIA
✓~ Method of attachment, adaptability, relationship of parties, Intent, Agreement
trade fixture
✓~ article owned by a tenant and attached to a rented space
accession
✓~ trade fixtures that are not removed become the real property of the landlord
Seven characteristics that define real property's nature and affect its use
✓~ scarcity, improvements, permanence of investment, and area preference
3 physical characteristics of land
✓~ immobility, indestructibility, and uniqueness
planned unit development
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