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부동산

Water Information and Air Rights

2019.03.02 19:56 Views : 85

Water Information and Air Rights

Here are several definitions regarding property ownership and the effect of water on that ownership:

  1. Accretion: Is the increase of land created by deposits of soil by the natural action of the water.
  2. Erosion: Is the decrease of land by the gradual wearing away that is caused by flowing water.
  3. Avulsion: Is the "sudden" loss of land by an act of nature (e.g., the ocean washes away the water front during a typhoon).
  4. Reliction: Increase in land due to the receding of water from the shore.
  5. Alluvial plain or alluvion: Alluvial plain is a delta area where soil deposits from river; alluvion is the accumulation of soil, rock, and other matter from the movement of water.

Air Rights:

  1. Air rights may be sold
  2. Horizontal Property Act - Describes condo air space ownership. 
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