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Chapter 2________________ Nature and Description of Real Estate

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ImprovementsFixturesManner of Attachment

adaptation of objectexistence of an agreement relationship of the parties

Appurtenances

Land

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Real Estate’s Dimensions

Land includes the surface of the earth, the sky above, and everything to the center of the earth.

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Water RightsRiparian RightDoctrine of CapturePercolating Water

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Land DescriptionsMetes & BoundsRectangular Survey SystemRecorded PlatReference to Documents other than

MapsInformal Reference - addressAssessor’s Parcel Number

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Describing Land by Metes and Bounds

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Moving in a clockwise direction from the point of beginning, set the center of a circle compass on each corner of the parcel to find the direction of travel to the next corner.

Naming Directions for a Metes and Bounds Survey

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The public land survey system of the United States

Parallels and Meridians

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Township Divided into Sections

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One Section (640 Acres) Subdivided

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Land Description by Recorded Plat

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Assessor’s Map

The tax assessor assigns every parcel of land in the county its own parcel number. For example, the westernmost parcel (lot 50) in the map would carry the number 34-18-8, meaning Book 34, Page 18, Parcel 8.

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Physical Characteristics of Land ImmobilityIndestructibilityNonhomogeneity

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ScarcityModificationFixitySitus

Economic Characteristics of Land

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Key TermsFixturesImprovementsMeridiansMetes & BoundsMonument

Personal propertyReal EstateRecorded PlatRiparian Rights