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부동산

Chapter 2 Review

2019.05.04 21:21 Views : 141

The Constitution guarantees private ownership of real estate. However, ownership rights are not absolute; others may exert claims against one's property.

Land - surface, all natural things attached to it, subsurface, and air above the surface

Real estate - land plus all permanently attached man-made structures, called improvements

Property - something that is owned by someone, and the associated rights of ownership; property is real or personal, tangible or intangible

Real property rights - the bundle of rights associated with owning a parcel of real estate. Foremost of these rights is the right of possession. 

An item may be real or personal property depending on the "attachment" criterion and other circumstances.

Fixtures - real property converted from personal property by attachment to real estate 

Trade fixtures - personal property items temporarily attached to real estate in order to conduct business; to be removed at some point 

Emblements - plants or crops considered personal property since human intervention is necessary for planting, harvesting 

Conversion - transforming real to personal property through severance, or personal to real property through affixing 

End of Page
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Notice 부동산 용어 (A to Z) 2019.03.03 1335
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260 Real Estate Law 106 2019.05.17 110
259 TEST 25 2019.03.27 111
258 Real Estate Law 54 2019.05.11 111
257 Real Estate Law 78 2019.05.14 111
256 Real Estate Law 35 2019.05.08 112
255 Founders 2018.11.14 113
254 Chapter 17 Conclusion 2019.03.10 113
253 Leasehold Estates in Real Estate 2019.04.01 113
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