Subsurface rights - Study guides, Class notes & Summaries

Real Property Land and everything permanently attached to it (Includes that someone can own it) Chattle an item of personal, movable property. fixture An item of personal property that has been converted to real property by being permanently affixed to the realty. Trade Fixture Fixtures and equipment that may be attached to a building during a tenant's occupancy, with the intention that they be removed when the tenant leaves Turning real property into personal pr...

land - Answer Consists of the surface, subsurface, and airspace. Surface - Answer what appears or what can be seen subsurface - Answer Space beneath the surface What do Subsurface Rights include? - Answer Mineral rights, oil and gas rights and, in some cases, water rights. What is Airspace? - Answer The space above the surface and extends into infinity. What are air rights? - Answer The rights to use all of the airspace above the surface. What is an example of...

GA REAL ESTATE EXAM - NATURE & DESCRIPTION OF REAL ESTATE | QUESTIONS AND ANSWERS. RATED A+ Land is made up of the surface of the earth, the air space above, and A. anything affixed to the land B. all appurtenant buildings C. subsurface rights D. fixatures - -C. subsurface rights Lisa conveyed land to Katy by means of a deed which described the land but made no reference to buildings or improvements. Does this deed convey ownership of the buildings and improvements to Katy? A. Yes, be...

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

Land - ANSWER Surface, all natural things attached to it, subsurface, and air above the surface. Real Estate - ANSWER land plus manmade permanent attatchments Real property - ANSWER Real estate plus "bundle of legal rights" Bundle of Rights - ANSWER PUTEE (possess, use, transfer, exclude, encumber) Physical characteristics of real estate - ANSWER immobility, indestructibility, heterogeneity Immobility - ANSWER Land cannot be moved from one site to another, its location is foreve...

You buy a house by paying $5,000 and obtaining a mortgage for the remainder owed ($200,000). You do not make any payments for 6 months and the bank takes back the house from you. What is this process called (by your textbook)? A) repossession B) foreclosure C) deficiency D) redemption - ️️B The right to cross over land is called? A) an easement B) a crossing C) passage D) bailment - ️️A Which one of the following is accurate regarding air rights? A) you can exclude jetliners...

GEORGIA REAL ESTATE EXAM STUDY SET QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. Best describes parcel of land - -the surface of the earth extending down to the center and upward to infinity Determining if Fixture, NOT considered - -Value of item Characteristic in difference btwn personal prop. from real property. - -mobility When used in deed or other RE doc., legal description describes only land bc - -buildings/other improvements considered part of the real estate Item was person...

N.C. Real estate pre-licensing exam with correct answers 100% Real property -Answer-Land & everything that is permanetly attached to the land & everything that is appurtenant to the land Personal property (personalty) -Answer-All propery that doesn't fit the definition of real property. CHATTLES are moveable Land -Answer-The earth's surface extending downwards to the center of the earth & upward to infinity Real estate (realty) -Answer-Land at, above, or below the earth's surface, inc...

Land - Answer-Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - Answer-Zoning Board of Adjustment oversees rule administration and appeals Real estate - Answer-land plus manmade permanent attachments Real property - Answer-real estate plus bundle of rights Bundle of Rights - Answer-Possess Use Transfer Exclude Encumber Physical Characteristics - Answer-Immobility; indestructibilit; hetoerogeneity Immobility - Answer-Land cannot mov...

Time share - ANSWER A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - ANSWER Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - ANSWER 5 days How long must a time share developer keep money in a trust account? - ANSWER 10 days before moving to operating ...