Title: 
Headings: 
Estate—One’s
 

REAL
 
vs.
 
PERSONAL
 
PROPERTY
 

Personal
 
Property
 

Real
 
Property

Subsurface
 
Rights
 

Air
 
Rights
  

Improvements
 

Fixtures
 

The
 
Four
 
Tests
 
of
 
Intention
 

Manner
 
of
 
Attachment
 

Adaptation
 
of
 
the
 
Object
 

Existence
 
of
 
an
 
Agreement
 

Relationships
 
of
 
the
 
Parties
 

Ownership
 
of
 
Plants
 
and
 
Trees
 

Severance
  

Water
 
Rights
 

Appurtenances
 

INTERESTS
 
IN
 
LAND
 

ESTATES
 
IN
 
LAND
 

1.
  
Allodial
 
System
 

Kinds
 
of
 
Estates
  

Freehold
 
Estates
 

Fee
 
Simple
 
Absolute
 

Fee
 
Simple
 
Determinable
 

Fee
 
Simple
 
Subject
 
to
 
Condition
            
Subsequent
 

Fee
 
Simple
 
Subject
 
to
 
Condition
                                  
Precedent
 

Fee
 
Simple
 
Subject
 
to
 
an
 
Executory
  
Limitation
 

Fee
 
Tail
 

Life
 
Estates
 

Legal
 
Life
 
Estates
 

Colorado
 
Real
 
Estate
 
Manual
 
2014
 
p.
 
7-6
 
to
 
7-8
 

Non-Freehold
 
Estates
 

Estate
 
for
 
Years
 

Periodic
 
Estate
  

Estate
 
at
 
Will
 

d.
 
Estate
 
at
 
Sufferance
 

Common
 
Law
 
and
 
Statutory
 
Law
 

TYPES
 
OF
 
OWNERSHIP
 

Sole
 
Ownership
 
(An
 
Estate
 
in
 
Severalty)
 

Partnerships
 

General
 
Partnerships
 

Limited
 
Partnerships
 

Joint
 
Ventures
 

Syndications
 

Corporations
 

Concurrent
 
Ownership
 

Tenants
 
in
 
Common
 

Joint
 
Tenancy
 

Tenancy
 
by
 
the
 
Entirety
 

Community
 
Property
 

Trusts
  

Real
 
Estate
 
Investment
 
Trusts
 

Intervivos
 
and
 
Testamentary
 
Trusts
 

Land
 
Trust
 

SEVERALTY
     

               
CO-OWNERSHIP
 

TRUSTS
 

TEST
 
ONE
   

ANSWER
 
SHEET
 
TEST
 
1
 

EXCEPT:
 

husband
 
and
 
wife
 
owning
 
the
 
other
 
half,
 
which
 
could
 
be
 


Content: Real
 
Property
We
 
tend
 
to
 
use
 
the
 
terms
 
land,
 
real
 
estate,
 
and
 
real
 
property
 
interchangeably. However,
 
there
 
are
 
important
 
differences
 
between
 
them. Although
 
we
 
usually
 
think
 
of
 
land
 
as
 
only
 
the
 
surface
 
of
 
the
 
earth,
 
it
 
is
 
more
 
than
 
that. Land
 
starts
 
at
 
the
 
center
 
of
 
the
 
earth,
 
passes
 
through
 
the
 
earth
 
to
 
the
 
surface,
 
and
 
continues
 
into
 
space. Land
 
also
 
includes
 
that
 
which
 
is
 
permanently
 
attached
 
to
 
it
 
by
 
nature,
 
such
 
as
 
trees
 
and
 
water. Real
 
Estate
 
is
 
land
 
and
 
the
 
man-made
 
improvements
 
to
 
the
 
land
 
--such
 
as
 
buildings,
 
fences,
 
streets,
 
etc. Real
 
Property,
 
on
 
the
 
other
 
hand,
 
is
 
land,
 
man-made
 
improvements
 
to
 
the
 
land,
 
and
 
the
 
interests
 
and
 
rights
 
coming
 
with
 
the
 
ownership
 
of
 
real
 
property. Components
 
of
 
Real
 
Property
 
Subsurface
 
Rights
 
Subsurface
 
rights
 
are
 
rights
 
to
 
substances
 
in
 
the
 
ground,
 
extending
 
form
 
the
 
surface
 
of
 
the
 
earth
 
to
 
the
 
center
 
of
 
the
 
earth,
 
such
 
as
 
minerals,
 
water,
 
gas,
 
and
 
oil. Minerals,
 
etc., are
 
real
 
property.