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Real Property for Dummies...me too Part VIII

Wheeeeew!

The final thought I would like to leave you with is that Real Property (all 7 blogs) is like a bundle of sticks like our definition stated. Individually the sticks are still...drumroll...sticks. Grouped together in a bundle, they are still...drumroll...sticks.

Real Property is comprised of several concepts which combine to create a whole definition. However, each concept is still independent in its definition.

Here is our definition to put it in context. 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

Light Fixtures, Rose Bushes, Your Oil vein the size of Montana, all future ownership, life estates, reversions, air, easements....ALL are Real Property individually, and all are real property collectively.

Posted Monday Oct 19