Real Estate Principles

A measure of land equaling 160 square rods, or 4,840 square yards, or 43,560 square feet, or a tract about 208.71

September 9, 1850

The reasonable space above a parcel; or in a condominium, the cubic area of a space within the walls.

Imaginary east-west lines that intersect meridian lines to form a starting point for the measurement of land.

A written instrument given to pass title of personal property from vendor to the vendee.

Beneficial interests or rights attached to the ownership of real property.

A personal property interest related to real estate, such as a lease on real property.

Goods or every species of property movable or immovable that are not real property.

An agent's compensation for performing the duties of his/her agency; in real esate practice, a percentage of the selling price of property, percentage of rentals, etc.

A system of individual fee ownership of units in a multi-family structure, combined with joint ownership of common areas of the structure and the land. (Sometimes referred to as a Vertical Subdivision)

Crops (produced on leased land by a tenant farmer) from an annual cultivation considered personal property

Appurtenances attached to the land or improvements, wich usually cannot be removed without agreement as they become real property. Examples: plumbing fixtures built into the property

North-south surveyor lines which intersect base lines to form a starting point for the measurement of land.

A term used in describing the boundary lines of land, setting forth all the boundary lines together with their terminal points and angles.

Any property that is not real property; property that is movable

Water that is suitable for human consumption; water suitable for irrigation

A strip of land six miles wide determined by a government survey, running in a north-south direction.

Land, improvements, items permanently attached to the land, appurtenances and that which is immovable by law.

The right of a landowner to flowing water on,under, or adjacent to his land.

This old unit of measurement is 16 1/2 feet long (5.5 yards)

Section of land is established by government survey and contains 640 acres.

A division by government survey that is six miles long, six miles wide and containg 36 sections, each one mile square.

Articles of personal property annexed to real property, but which are necessary to the carrying on of a trade and are removable by the owner of the fixtures.

The rights or interests that a person has in the thing owned

Really Simple Syndication

A loan secured by personal property

• Method of attachment
• Adaptability
• Relationship of the parties
• Intention
• Agreement

3

An acre less the amount of land dedicated for public improvements (sidewalks, alleys, etc.)