Archives for “real estate terms”

Leverage is investing with other people’s money.

Land ownership includes rights to air above and ground below (minerals, water, and oil)

Ownership = rights over something:
- posses (use, let others use, keep other from using)
- enjoy (don’t have to deal with others)
- control (change it to your liking)
- dispose (pass it to someone else)
Two types of property: real and personal
- real = not movable (ie. land)
- personal = movable
Real Property
- land
- anything permanently attached to it
- [...]

California Department of Real Estate (DRE) website, the California market, and a few terms