1. What is Real Property? G O A L S LESSON 21-1
CHAPTER 21
4/16/2018
LESSON 21-1
What is Real Property?
G O A L S
Identify the physical and legal elements of real property
Describe the major tests used to distinguish real and personal property
Classify items as real or personal

2. REAL PROPERTY RIGHTS Surface rights Right to air space Mineral rights
Solid minerals
Fluids
Water rights

3. REAL VS. PERSONAL PROPERTY
Attachment
Structures
Fixtures
Crops
Adaptation
Intention

4. Nature and Transfer of Ownership
LESSON 21-2
Nature and Transfer of Ownership
G O A L S
Describe the major estates in land
Identify the legal names of parties involved in deeding realty
Describe the processes for transferring ownership of land

5. MAJOR ESTATES IN LAND Fee simple absolute Conditional estates
Life estates
Nonfreehold estates

6. TRANSFER OF OWNERSHIP Deed Inheritance Adverse possession
Dedication or eminent domain

7. Others’ Rights in Your Land
LESSON 21-3
Others’ Rights in Your Land
G O A L S
Describe and distinguish licenses and easements
Describe when a restrictive covenant binds buyers
Distinguish between valid and invalid zoning
Describe the duties owners owe to persons injured on their realty

8. LICENSES AND EASEMENTS
Easement appurtenant
Easements in gross
Easement by necessity
Easement by prescription

9. RESTRICTIVE COVENANTS AND ZONING ORDINANCES
Invalid zoning
Spot zoning

10. LIENS FILED AGAINST REAL PROPERTY
A lien is a legal right in another’s property given as security for the performance of a financial obligation.

11. LIENS Voluntary liens Involuntary liens Mortgage Trust deed Tax lien
Mechanic’s lien

12. DUTIES OWED TO THOSE ENTERING YOUR LAND
Trespassers
Licensee
Invitee