Title: 
Headings: 2  Rights in Real Estate
2
 
 
Rights
 
in
 
Real
 
Estate
 

Real
 
Estate
 
as
 
Property
 
Real
 
Versus
 
Personal
 
Property
 
Regulation
 
of
 
Real
 
Property
 
Interests
 

REAL
 
ESTATE
 
AS
 
PROPERTY
 

Land
 
Real
 
estate
 
Property
 
Real
 
property
 
rights
 
Water
 
rights
 

Land
 

Real
 
estate
 

Exhibit
 
2.1
 
The
 
Legal
 
Concept
 
of
 
Land
 
and
 
Real
 
Estate
 

Exhibit
 
2.2
 
The
 
Bundle
 
of
 
Rights
 

Exhibit
 
2.3
 
Tangible
 
vs.
 
Intangible
 
Property
 

Tangible
 
Intangible
 

Real
 
property
 
rights
  

Water
 
rights
 

Exhibit
 
2.4
 
Littoral
 
Rights
 

Exhibit
 
2.5
 
Riparian
 
Rights
 

REAL
 
VERSUS
 
PERSONAL
  
PROPERTY
 

Fixtures
 
Differentiation
 
criteria
  
Trade
 
fixtures
  
Emblements
  
Factory-built
 
housing
 
Conversion
 

Fixtures
 

Differentiation
 
criteria
 

Factory-built
  
housing
 

Conversion
 

PROPERTY
 
INTERESTS
 

Areas
 
of
 
regulation
  
Federal
 
regulation
  
State
 
regulation
  
Local
 
regulation
  
Judicial
 
regulation
 
Exhibit
 
2.6
 
Real
 
Property
 
vs.
 
Personal
 
Property
 

Judicial
 
regulation
 

Exhibit
 
2.7
 
Regulation
 
of
 
Real
 
Property
 
Interests
 

REAL
 
ESTATE
 
          
2
 
AS
 
PROPERTY
 
          
●
 

REAL
 
VS
 
PERSONAL
 
PROPERTY
 
          
●
 

Rights
 
and
 
Interests
 
in
 
Real
 
Estate
  
Snapshot
 
Review
 


Content: However,
 
they
 
are
 
inherently
 
different
 
because
 
each
 
parcel
 
has
 
a
 
unique
 
location. Real
 
estate
 
The
 
legal
 
concept
 
of
 
real
 
estate
 
encompasses: 
 
 
land
 

 
 
all
 
man-made
 
structures
 
that
 
are
  
"permanently"
 
attached
 
to
 
the
 
land
 
Real
 
estate
 
therefore
 
includes,
 
in
 
addition
 
to
 
land,
 
such
 
things
 
as
 
fences,
 
streets,
 
buildings,
 
wells,
 
sewers,
 
sidewalks
 
and
 
piers. Such
 
man-made
 
structures
 
attached
 
to
 
the
 
land
 
are
 
called
 
improvements. The
 
phrase
 
"permanently
 
attached"
 
refers
 
primarily
 
to
 
one's
 
intention
 
in
 
attaching
 
the
 
item. Obviously,
 
very
 
few
 
if
 
any
 
manmade
 
structures
 
can
 
be
 
permanently
 
attached
 
to
 
the
 
land
 
in
 
the
 
literal
 
sense. But
 
if
 
a
 
person
 
constructs
 
a
 
house
 
with
 
the
 
intention
 
of
 
creating
 
a
 
permanent
 
dwelling,
 
the
 
house
 
is
 
considered
 
real
 
estate. By
 
contrast,
 
if
 
a
 
camper
 
affixes
 
a
 
tent
 
to
 
the
 
land
 
with
 
the
 
intention
 
of
 
moving
 
it
 
to
 
another
 
camp
 
in
 
a
 
week,
 
the
 
tent
 
would
 
not
 
be
 
considered
 
real
 
estate. Property
 
Exhibit
 
2.1
 
The
 
Legal
 
Concept
 
of
 
Land
 
and
 
Real
 
Estate
 
In
 
common
 
understanding,
 
property
 
is
 
something
 
that
 
is
 
owned
 
by
 
someone. A
 
car
 
is
 
the
 
property
 
of
 
Bill
 
Brown
 
if
 
Bill
 
Brown
 
owns
 
the
 
car.