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Real Property for Dummies...me included Part VII

So, if you have made it through 7 Blogs on a definition of Real Property, you are either:

1) Really Bored

2) A Fellow Real Estate Agent OR

3) (my favorite) You think I'm funny

The next line in context is:

real property n. 1) all land, structures, firmly attached and integrated equipment (such as light fixtures or a well pump), anything growing on the land, and all "interests" in the property which may be the right to future ownership (remainder), right to occupy for a period of time (tenancy or life estate) the right to drill for oil, the right to get the property back (a reversion) if it is no longer used for its current purpose (such as use for a hospital, school or city hall), use of airspace (condominium) or an easement across another's property. Real property should be thought of as a group of rights like a bundle of sticks which can be divided. It is distinguished from the other type of property, personal property, which is made up of movable items. 2) one of the principal areas of law like contracts, negligence, probate, family law and criminal law.

Simply put, this means that you can buy and sell THE ACCESS to the real property of others. In the Northwest, we have a lot of back roads. A myriad of criss crossing, bumpy, dusty endless back roads. They curl around ponds, rivers, junk yards and mountains. I only own 1 car and it is not a flashy SUV the size of a tank and worth more than my annual salary. It is a 9 year old Saturn.

I keep telling myself that I am an Urbanite who has no buisness driving around Chewela looking for an easement (haha) to the lake cabin I am previewing. Somehow, I still do.

Anyway, back to the subject, real property can also be the access to and include the easement leading to the primary real property.

Posted Monday Oct 19