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Real Estate Law 5

admin 2019.05.04 21:08 Views : 596

Check Your Understanding - Answers

  1. What are the four important rights associated with owning a parcel of real estate?

    Right to use
    Right to transfer
    Right to encumber
    Right to exclude
     
  2. Land can be laterally divided into what classifications of rights?

    Surface rights
    Subsurface rights
    Air rights
     
  3. How are air rights delineated?

    By imaginary vertical lines extended to infinity 
     
  4. What do water rights concern?

    The rights to own and use water found in lakes, streams, rivers, and the ocean
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