About This Chapter
Property in Real Estate - Chapter Summary
In this chapter, our instructors outline key property in real estate topics, including appurtenance, leasehold estates and escheat. These learning tools are available 24 hours a day on your mobile device or computer so you can study at whatever time is convenient for you. Use the multiple-choice lesson quizzes and chapter test to see how well you understand the material and whether you're ready for an upcoming test. Our instructors are available to offer assistance if you need help. After completing this chapter, you should be ready to:
- Give an example of a trade fixture
- Differentiate between personal property and fixtures
- Define estate for years and periodic estate or tenancy
- Share information about estate in severalty
- Describe the advantages of a life estate
- Explain how a net listing is used in real estate
- Outline the laws involved in condemnation of property
- Identify the difference between eminent domain, condemnation and inverse condemnation
- Detail chattel real in real estate
- Discuss estate in reversion
1. What is Appurtenance in Real Estate?
A background into where the term Appurtenance originated from and how it applies in real estate. This lesson will give a thorough explanation of the meaning of 'appurtenance' as well as real world examples of the term.
2. What is a Leasehold Estate in Real Estate?
In this lesson, a leasehold estate in real estate will be defined. Additionally, different types of leasehold estates will be discussed with examples of each given.
3. Escheat in Real Estate: Definition & Process
What does escheat mean? This lesson will define ''escheat'' and discuss the process for real property that is subject to escheat. It will help the reader to understand what happens when an individual dies without a will and/or heirs to his property.
4. What is a Trade Fixture? - Definition & Examples
Commercial real estate can be complex, including what goes and what stays when a lease expires. This lesson will define trade fixtures, provide examples, and explain what happens to trade fixtures when the commercial tenant and landlord part ways.
5. Fixtures vs. Personal Property
In this lesson we will define the difference between fixtures and personal property in real estate transactions and show how to avoid any conflicts surrounding what is included in the sale.
6. Estate for Years in Real Estate: Definition & Examples
This lesson will define an estate for years in real estate. Additionally, it will provide examples of estates for years to give the reader a better understanding of this type of estate.
7. Periodic Estate: Definition & Examples
This lesson will define periodic estate, which is a type of tenancy. Examples of periodic estates will be provided, along with a comparison of periodic estates and other types of tenancy.
8. Estate for Years vs. Periodic Tenancy
A leasehold estate gives a tenant the right to occupy property according to the terms of a lease. This lesson will define and compare two different types of leasehold estates - estate for years and periodic tenancy.
9. Estate in Severalty: Definition & Examples
In this lesson, the definition of estate in severalty will be provided. Examples of estates in severalty will be given to provide the reader with a better understanding of this type of estate.
10. Life Estate: Definition, Example, Advantages & Remainderman
In this lesson, you'll learn about the life estate interest in real property and discover how to identify when someone has a life estate interest in land, and the advantages/disadvantages of the life estate interest.
11. What is a Net Listing in Real Estate?
In this lesson, we'll define, and provide examples of a 'net listing' in real estate. Additionally, we'll compare this type of listing with other types.
12. Condemnation of Property in Real Estate: Definition & Laws
In this lesson we will review the laws, process, and owner rights associated with property condemnation from the perspective of a homeowner facing an eminent domain challenge.
13. Condemnation, Inverse Condemnation & Eminent Domain
In this lesson, the terms condemnation, inverse condemnation, and eminent domain will be defined. Additionally, an explanation of each and how they work together will be provided.
14. Chattel Real in Real Estate: Definition & Examples
What is chattel? What is the difference between chattel and chattel real, or is there a difference at all? This lesson will define chattel real in real estate and provide examples.
15. Estate in Reversion: Definition & Laws
This lesson will define reversion in real estate and discuss laws about reversion. Examples of estates in reversion will be provided to give the reader a strong grasp of the term.
16. What is Curtilage? - Definition & Case Law
A person's rights depend on where they are on their land. In this lesson we'll explore what curtilage is and why it's important to a person as far as privacy is concerned.
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