Real Estate Terminology

Front

An item affixed to land with the intent of being permanent.

Back

Improvement

Front

All property other than real estate.

Back

Chattel

Front

An object that was once personal property but has been attached to an improvement so as to become real estate.

Back

Fixture

Front

Land and its improvements and the rights to own or use them.

Back

Real Property

Front

Tenant-installed additions which are a necessary part of the tenant’s trade or business.

Back

Trade Fixtures

Front

The economic characteristic of real property that causes land to be affected by actions in the surrounding areas.

Back

Situs

Front

A type of property description that utilizes distance and direction to proceed around the property and return to the point of beginning.

Back

Metes and Bounds

Front

A recorded map that shows the lots, divisions, and street locations in a subdivision.

Back

Plat

Front

The imaginary north-south line that intersects the baseline and is used as the reference line for numbering ranges.

Back

Principal Meridian

Front

The term for movable personal property.

Back

Chattel