Symbols

REAL PROPERTY LAW

Real Property. The terms real property, real estate, and realty all refer to land, to buildings and other fixtures on land, to different kinds of interests in land, and to various rights which go along with land or some interest in it. Fixtures, crops, and minerals are sometimes referred to as “mixed property”, because they have some characteristics of both real and personal property. There are many degrees of ownership of land, ranging from full ownership down to permission from the owner to use a portion of the land for specific purposes. All of these degrees of ownership may be called “interests in land”. (The term “interest in land” is usually used to describe degrees of ownership which are less than complete ownership. Certain types of ownership carry particular rights, such as the right of a landowner to receive any rent the land might yield.

Personal Property. Broadly speaking, personal property is anything that is not real property. The key characteristic of personal property is its movability. Personal property can be tangible or intangible. Tangible personal property is property that can be moved and which has physical existence. Intangible personal property includes various rights or interests which are not capable of being touched or seen. Examples include ownership of stocks and bonds, ownership of a debt, and the right to bring a legal action.

Personal property includes assets in a bank account, interest in a joint bank account, or a payable on death account. A joint and survivorship bank account is an account in the names of two or more persons who have an equal right to the assets in the account and the right of survivorship. The payable on death account (“POD”) is an account payable on request to one person during his or her lifetime and upon his or her death to one or more named persons.

Symbols

Не знайшли потрібну інформацію? Скористайтесь пошуком google:

Генерація сторінки за: 0.002 сек.