| A | B |
|---|
| Air Space | Persons owns above surface of property |
| Water Rights | Rights of owner beneath surface |
| Real Property | Land and anything attached |
| Personal Property | Any movable objects |
| Fee Simple Absolute | Can possess, use and dispose of |
| Fee Simple | The whole bundle of sticks |
| How many real property estates exists | Six |
| Fee Simple Absolute | Highest & Best Kind of Estate |
| Fee Simple Determinable | automatically expires on occurrence of condition |
| Fee Simple on Condition Subsequent | Continues until action is brought to recover R.E. |
| Life Estate | Duration measured by life of one or more persons |
| Waste | Action/Nonaction causing loss of value to R.E. |
| Estate for Years | Duration is for a definite period |
| Estate at Will | Duration is for indefinte period |
| Adverse Possession | Possession of ownership acq. over statutory period |
| Appropriation | Water belongs to 1st beneficial user |
| Conveyance | Transfer of Assign,Lease, Mtg.,Encumberance |
| Deed | Written transfer of ownership |
| Devise | Acquire R.E. by Will |
| Fixture | Personal Prop. become R.E. by attachment |
| Inheritance | Acquire R.E. by blood relationshiop |
| Possession | Occupation of land |
| Riparian Rights | Water Rights of adjoining landowners |
| Will | Dispose of person property at death |
| # Years for Adverse Possession | Fifteen |
