Title: Real Estate Law Overview :: Justia
Headings: Real Estate Law
Real Estate Law
Limits on Ownership
Real Estate Law Resources

Content: Real Estate Law Overview :: Justia
Real Estate Law
The law recognizes three types of property. Personal property consists of moveable items, such as furniture. Intangible property refers to ownership that does not have a physical existence but that may be represented by a physical item, such as a stock certificate. Real estate refers to land, as well as anything permanently attached to the land, such as buildings and other structures. Some people use the term “real property” to refer to land without structures. Limits on Ownership
Lawyers often refer to real estate as a “bundle of rights” extending to the center of the earth and up to the heavens. Certain “sticks” may be separated from the bundle by the owner’s intentional actions. For example, an owner might grant an easement or acquire property that is subject to an easement, and thereby give up the right to exclude people from that part of the property. Similarly, an owner might buy property in a subdivision that is subject to covenants that restrict how the owner can use the property.