74-678: The Snake River Land Company or the Snake River Cattle and Stock Company was a land purchasing company established in 1927 by philanthropist John D. Rockefeller Jr. The company acted as a front so Rockefeller could buy land in the Jackson Hole valley in Wyoming without people knowing of his involvement or his intentions for the property, and have the land held until the National Park Service could administer it. The company launched
148-579: A berth , and often tethered to land to provide utilities. However, many are capable of operation under their own power. Houseboats are largely found on small inland rivers, lakes, and streams, and in coastal harbours, especially where there is good fishing, in many countries of the world. There are a few houseboat options in South Africa , including self-drive houseboats on the Knysna Lagoon and fully catered houseboats on Lake Jozini. There have been
222-958: A primary residence or a holiday shack . Many are also available for hire (rent) as self-driven holiday destinations with accommodation for four to perhaps a dozen persons. Coomera River , the Great Sandy Straits (near the world's largest sand island - Fraser Island ) and, in recent times, the Tweed River (near Barri Island during the popular Tournament Crabbing competitions) are especially popular with Queenslanders and interstate tourists. Lake Eildon in Victoria. The Hawkesbury River near Sydney in New South Wales has over 120 kms of river open to houseboats and alternatives. These include flybridge cruisers and catamarans, which also offer overnight accommodation, yet are more manoeuvrable, easier to drive and have
296-401: A JTWROS deed in equal shares, so each tenant must own an equal share of the property regardless of any contribution to the purchase price. If the property is someday sold or subdivided, the proceeds must be distributed equally with no credits given for any excess that any one co-owner may have contributed to purchase the property. The death of a co-owner of tenants in common (TIC) deed will have
370-467: A campaign to purchase more than 35,000 acres (142 km²) for $ 1.4 million but faced 15 years of opposition by ranchers and a refusal by the Park Service to take the land. Allegations that the company conspired with the Park Service by using illegal land purchasing tactics led to United States Senate subcommittee meetings in 1933 during which the company and the service were exonerated. Hard times during
444-496: A farm owner in New Jersey employed several migrant workers who lived on the property during the harvest season. The Supreme Court of New Jersey held that the owner was not entitled to exclude social services and legal counsel from entering the property to provide service to the migrant workers residing on the property. Historically, a landowner had the absolute right to use his property in any way he wished, as long as he did not harm
518-556: A floating house in Indonesia is called rumah rakit ( Indonesian : raft house), which is a type of traditional house found in riverine realm of South Sumatra , which is thought to have existed since the time of the Srivijaya kingdom. Raft houses are built on rafts and float along the banks of the Musi River , Ogan River and Komering River . To avoid the raft drifting away, the raft house
592-455: A heritable portion of the estate in proportion to his ownership interest which is presumed to be equal among all tenants unless otherwise stated in the transfer deed . However, if TIC property is sold or subdivided, in some States, Provinces, etc., a credit can be automatically made for unequal contributions to the purchase price (unlike a partition of a JTWROS deed). Real property may be owned jointly with several tenants, through devices such as
666-525: A houseboat to any body of water in the US. Houseboating is also popular on Lake Amistad , Trinity Lake , Lake Mohave and Lake Mead National Recreation Area . In New York , houseboats have also become a major part of the great South Bay on Long Island . Houseboats are also available for rental at Lake Billy Chinook in Central Oregon, where waterskiing is popular. Lake Billy Chinook has many little coves to anchor
740-400: A joint tenancy with rights of survivorship deed or JTWROS, the death of one tenant means that the surviving tenants become the sole owners of the estate. Nothing passes to the heirs of the deceased tenant. In some jurisdictions, the specific words "with right of survivorship" must be used, or the tenancy will assume to be tenants in common without rights of survivorship. The co-owners always take
814-542: A lesser number elsewhere in the city. Sausalito, California , has one of the most noted collections of float homes owned at various times by famous musicians, film stars, authors, and other notables, from the hippie era until even today. Nearby Belvedere 's houseboats date to the late 1800s, and houseboats in the area were homes to railway men shipping logs to San Francisco via the ferry at Sausalito. Like many areas where float homes have taken hold, battles have brewed between float home owners, local and state government, and
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#1732852329877888-499: A new mansion. In one case, a homeowner directed the executor of her estate to destroy her historic home after her death. The Missouri court held that it would violate public policy to allow the destruction of the home. In the law of almost every country, the state is the ultimate owner of all land under its jurisdiction, because it is the sovereign , or supreme lawmaking authority. Physical and corporate persons do not have allodial title ; they do not own land but only enjoy estates in
962-401: A number of serious incidents with houseboat fires in the country. On 19 November 2016, four people died on Hartbeespoort Dam after a fire broke on a party houseboat. On 9 October 2021, a faulty engine set luxury houseboat Shayamanzi afire and led to the death of two crew members and a German tourist. In Zambia , specifically on Lake Kariba , houseboats have been around and in use since
1036-741: A reworked model of Kettuvallams (in the Malayalam language , Kettu means "tied with ropes", and vallam means "boat"), which, in earlier times, were used to carry rice and spices from Kuttanad to the Kochi port . Kerala houseboats were considered a convenient means of transportation . First Modern House Boat In Kerala developed by Thomas Vargheese in Kottayam in the time of Dr. Babu Paul IAS. The popularity of Kettuvallams has returned as major tourist attractions. These houseboats are about 60 to 70 feet (18 to 21 m) long and about 15 feet (4.6 m) wide at
1110-512: A series of documents) and does away with the conveyancing costs of such searches. The State guarantees title and is usually supported by a compensation scheme for those who lose their title due to the State's operation. It has been in practice in all Australian states and New Zealand since between 1858 and 1875, has more recently been extended to strata title , and has been adopted by many states, provinces and countries, and in modified form in 9 states of
1184-426: A tug or for the carriage of goods", and houseboats that "includes any pleasure boat which is not a launch and which is decked or otherwise structurally covered in and which is or is capable of being used as a place of habitation". The CRT, which manages 2,000 miles of inland waterways, requires any houseboat moored on their waterways to have a houseboat certificate. The CRT defines a houseboat as "'a boat whose main use
1258-476: A vast number of coves and fingers that allow houseboats to tie up or anchor away from the main channel and provides the user a peaceful, secluded atmosphere. Due to the large number of houseboat manufacturers located in the Southeast US, the new and used houseboat marketplace there is one of the most competitive and affordable areas for houseboats to be purchased in the nation. Houseboat transporters can also deliver
1332-402: A verifiable and legal property description . Such a description usually makes use of natural or man-made boundaries such as seacoasts, rivers, streams, the crests of ridges, lakeshores , highways, roads, and railroad tracks or purpose-built markers such as cairns , surveyor 's posts, iron pins or pipes, concrete monuments, fences , official government surveying marks (such as ones affixed by
1406-669: Is a big house called La Casa Barco (the Ship House), which was built by a former captain of the Venezuelan Navy in the 20th century. The building resembles a ship with its anchors, lifeboats, and radars, floating on water. It is located in the neighbourhood of La Estrella, and has become a city icon for tourists. Many houseboats use gasoline-powered generators . The carbon monoxide (CO) exhaust from these generators has caused problems for some houseboat inhabitants. The US National Institute for Occupational Safety and Health , in tandem with
1480-591: Is a houseboat-borne flower market along the Singel in Amsterdam. The town of Maasbommel is pioneering floating houses, with flexible connections for fluids and electricity, intended not primarily for travel, but rather safety against flooding. Amsterdam has what may be the world's only houseboat museum, located on a renovated cargo ship built in 1914 and opened by its current owners to the public in order to answer questions people often have about life on houseboats. Poland
1554-617: Is a popular vacation option, since Arizona's Glen Canyon Dam impounds water from the Colorado River to form almost 2,000 miles (3,200 km) of shoreline. Popular spots for houseboats on other lakes include Lake Mead , the largest man-made lake in North America, about 30 minutes from Las Vegas ; and two California lakes, New Bullards Bar Reservoir in the Sierra Nevada foothills about 45 minutes from Nevada City and Lake Shasta in
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#17328523298771628-678: Is a small float home community along the Fraser River near Westham Island , located along River Road in West Ladner, in the Port Guichon neighborhood. It was opened in 1985 as Canada's first legalized floating home community. The US has many houseboat communities. Portland, Oregon , is the largest. Many houseboats are moored along both the Willamette River and the Columbia River, with
1702-421: Is a very popular recreational activity for groups of people of all ages, aboard houseboats of all varieties ranging from more modest 30-to-40-foot boats to 70-foot (21 m)-plus luxury houseboat models. Alternatives to traditional houseboats include flybridge cruisers and catamarans also providing overnight accommodation up to a week. Houseboating's appeal is due to the ability it provides to more completely explore
1776-441: Is created from previously agricultural land. Usually urban land is more valuable than agricultural land; this creates the incentive to convert non-urban land to urban land. The value of the land is directly associated with its use. Zoning regulations regarding multi-story development are modified to intensify the use of cities, instead of occupying more physical space. To be of any value, a claim to any property must be accompanied by
1850-416: Is for a purpose other than navigation and which, if needed for the purpose, has planning permission, for the site where it is moored'. A houseboat may be used for navigation from time to time provided it does not become its main use". The CRT definition provides a large grey area about what a houseboat is, because owners of a narrowboat , or other inhabitable vessels (see list of the types of canal craft in
1924-417: Is known as an actio in rem (action in relation to a thing). This contrasts with an actio in personam in which the plaintiff seeks relief for the actions of a particular person. The distinction can be subtle; the medieval action of novel disseisin , although aimed at repossessing land, was not an actio in rem because it was brought against the alleged dispossessor. Henry de Bracton 's Treatise on
1998-405: Is mitigated by more frequent and affordable maintenance and improvements. Starting in the 1960s, as part of the emerging field of law and economics , economists and legal scholars began to study the property rights enjoyed by tenants under the various estates and the economic benefits and costs of the various estates. This resulted in a much-improved understanding of the: For an introduction to
2072-962: Is the world's second largest producer of motor yachts, up to 9 meters in length after the United States. Poland has extensive experience in the production of modern and stylish houseboat yachts and floating houses. Houseboat recreation is practicing in the Masuria District and on the Vistula River and lakes close to the Baltic seaside. According to Zegluj.pl, the largest houseboat rental service in Poland, there are about 100 new units for charter every year. Houseboats are popular for recreation, dining and clubbing in Serbia . They can be seen in large numbers in Belgrade on
2146-631: Is tied to a serdang (tether). In Laos , houseboats are used to accommodate tourists on the Mekong River. Usually referred to as "slow boats", the houseboats exist in wooden or steel variants. The Port of Hamburg has a sizable water-borne community that includes a Flussschifferkirche , or Boatman's Church. Berlin also has some houseboat neighborhoods, notably on the Landwehrkanal in Friedrichshain-Kreuzberg . In Europe , some of
2220-434: Is transferred can be regulated to avoid fraud, uncertainty, or other legal problems. An owner has a right to exclude any other person from his property. This has been described by the U.S. Supreme Court "as one of the most essential sticks" in the bundle. In general, the owner of a tract of land may prevent anyone else from entering upon it. This right is enforced by the tort of trespass . Some exceptions apply: for example,
2294-461: Is usually determined by the language of the deed , lease , bill of sale , will , land grant , etc., through which the estate was acquired. Estates are distinguished by the varying property rights that vest in each and determine the duration and transferability of the various estates. A party enjoying an estate is called a "tenant". Some important types of estates in the land include: A tenant enjoying an undivided estate in some property after
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2368-626: The Great Depression alleviated opposition by ranchers to sell. Discouraged by the stalemate, Rockefeller sent a letter to U.S. President Franklin D. Roosevelt telling him that if the federal government did not accept the land that "it will be my thought to make some other disposition of it or to sell it in the market to any satisfactory buyers". Soon afterward on March 15, 1943, the president declared 221,000 acres (894 km²) of land as Jackson Hole National Monument. The land, however, did not enter federal stewardship until December 16, 1949 when it
2442-599: The National Geodetic Survey ), and so forth. In many cases, a description refers to one or more lots on a plat , a map of property boundaries kept in public records. These legal descriptions are usually described in two different ways – metes and bounds , and lot and block . A third way is the Public Land Survey System , as used in the United States. The law recognizes different sorts of interests called estates , in real property. The type of estate
2516-534: The Northern Neck of Virginia , Chesapeake National Bank had a floating bank branch called the Boat 'n Bank that provided bank services to watermen . Halibut Cove, Alaska has one of the only floating post offices in the US. Mystic Island, New Jersey , had a "botel" (hotel for boaters with water access) when it started in the 1960s but the building has since changed ownership and no longer operates as such. Houseboating
2590-426: The civil law distinguishes between "movable" and "immovable" property. In English law, real property is not confined to the ownership of property and the buildings sited thereon – often referred to as "land". Real property also includes many legal relationships between individuals or owners of the land that are purely conceptual. One such relationship is the easement , where the owner of one property has
2664-788: The condominium , housing cooperative , and building cooperative . Property consists of what has been referred to as a "bundle of rights" or a "bundle of sticks." The most important "sticks" in the bundle are: the right to transfer, the right to exclude, the right to use, and the right to destroy. Also called alienability , the right to transfer means that the owner may freely transfer or alienate his property to anyone. The scope of this right may be limited for public policy reasons; who can transfer, what can be transferred, and how property may be transferred may be regulated. For example, an insane person may neither transfer nor obtain real property; certain types of property may not be transferred at all, while some can be given away but not sold; how property
2738-413: The manor . In the early common law, these are all classified as real property, as they would have been protected by real actions . Each U.S. State except Louisiana has its own laws governing real property and the estates therein, grounded in the common law . In Arizona , real property is generally defined as land and the things permanently attached to the land. Things that are permanently attached to
2812-505: The Laws and Customs of England is credited with giving "real property" its particular meaning in English law. After discussing the distinction in civil law, Bracton proposed that actions for movable property were inherently actions for relief, and that therefore an actio in rem could be brought only upon immovable property. This view is not accepted in continental civil law, but can be understood in
2886-623: The US. In the United Kingdom, the Crown is held to be the ultimate owner of all real property in the realm. This fact is material when, for example, the property has been disclaimed by its erstwhile owner, in which case the law of escheat applies. In some other jurisdictions (not including the United States), real property is held absolutely . English law has retained the common law distinction between real property and personal property, whereas
2960-463: The United Kingdom ) who live on board may choose to define their boat either as a cruising vessel and pay for a cruising licence, or obtain a houseboat certificate. The decision often depends on which is cheapest and whether the CRT, or the local authority overseeing a marina's planning permission, allows moorings to be residential (meeting the local authority's requirements allowing permanent residence aboard at
3034-448: The World because the majority of American-built houseboats are manufactured in the counties surrounding the lake. Lake Cumberland and other lakes in the southeastern US such as Norris Lake (Tennessee), Dale Hollow Lake (Kentucky/Tennessee), Center Hill Lake (Tennessee), and Lake Lanier (Georgia), to mention a few in that area, offer very favorable houseboating conditions as the geography provides
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3108-414: The ability to go further afield than the traditional houseboats and have the feel of true boating. Houseboats can be limited to locations because they cannot pass under bridges safely due to manoeuvrability. In New Zealand houseboating is developing as a holiday activity. Whangaroa Harbour on Northland 's east coast is a land locked harbour that provides houseboating. In Maracaibo , Venezuela, there
3182-484: The advent of industrialization, important new uses for land emerged as sites for factories, warehouses, offices, and urban agglomerations. The value of the real property, taking the form of man-made structures and machinery, generally decreases relative to the value of the land alone. Where industrial, agricultural, and commercial property values depreciate as a result of contamination, extraction, and expected wear and tear, respectively, residential property value depreciation
3256-445: The area develops revolving around such natural resources, these developments become components to look for when determining land use and real property values. The surrounding development and proximity, such as markets and transportation routes, will also determine the value of the real property. Although the overall amount of land (in terms of its surface area) is fixed, the supply of specifically urban land may vary. Sometimes urban land
3330-811: The authority of either the waterways managed by Environment Agency (EA, sponsored by the Department for Environment, Food and Rural Affairs ) or the waterways managed by the Canal and River Trust (CRT). Scotland, Northern Ireland and some additional waterways in England and Wales have their own authorities (see the List of navigation authorities in the United Kingdom ). Both the EA and the CRT distinguish between powered vessels (including sail) and unpowered houseboats. The EA defines Launches as "any mechanically propelled vessel not being used solely as
3404-533: The banks of the Danube and Sava Rivers, and on river islands. In the United Kingdom , houseboats come under various authorities depending on where they are moored. Those that usually do not move from year to year and are in marinas come under local authorities. Those moored on tidal waters (estuaries and coastal harbours) come under various authorities. Most navigable inland waterways in England and Wales come under
3478-466: The birthplace of houseboating in the US. Most of America's manufactured houseboats are in the counties surrounding Lake Cumberland. Kentucky has more lake-style houseboats than any other place in the world, and the state is known as the "Houseboat Capital of the World," although one of its towns, Monticello ,has also been labeled with that honor more directly. Houseboating on Lake Powell in Utah and Arizona
3552-404: The classification of property as real or personal may vary somewhat according to jurisdiction or, even within jurisdictions, according to purpose, as in defining whether and how the property may be taxed. Houseboats , for example, occupy a gray area between personal and real property, and may be treated as either according to jurisdiction or circumstance. Bethell (1998) contains much information on
3626-402: The context of legal developments during Bracton's lifetime. In thirteenth-century England the courts of canon law claimed broad authority to interpret wills , but inheritance of land remained a matter for the royal courts. Laws governing the conveyance of land and that of movable personal property then developed along different paths. In modern legal systems derived from English common law,
3700-587: The country, the nation's capital of Washington, DC , has a major houseboat community: the Wharf Marina (expanded to 400 boat slips from the former Gangplank Marina, a name by which it is still referred to by many locals) on the Potomac River. It is a popular destination for summer holidays in Washington. Rental of houseboats has become popular. In addition, houseboats have been used in commerce . For example, in
3774-446: The creation of the lake in the late 1950s to early 1960s. Houseboats have become more popular as a tourist attraction due to the number of houseboats plying at Tanguar Haor . There is a large, slow-moving houseboat used for leisure trips. This service is inspired by the houseboat used by India's famed author Rabindranath Tagore during his visit to Shilaidaha . It is about 71 feet (22 m) long and about 14 feet (4.3 m) wide at
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#17328523298773848-501: The economic analysis of property law, see Shavell (2004), and Cooter and Ulen (2003). For a collection of related scholarly articles, see Epstein (2007). Ellickson (1993) broadens the economic analysis of real property with a variety of facts drawn from history and ethnography . Houseboat A houseboat is a boat that has been designed or modified to be used primarily for regular dwelling . Most houseboats are not motorized, as they are usually moored or kept stationary, fixed at
3922-400: The edges of Dal Lake and Nageen Lake . Some houseboats there were built in the early 1900s and are still being rented out to tourists. These houseboats are made of wood and usually have intricately carved wood paneling. They are of different sizes, some having up to three bedrooms apart from a living room and kitchen. In Indonesia , a floating house is called as rumah apung . An example of
3996-410: The finest and costliest examples of houseboats can be seen along the canals of Amsterdam , which even have houseboat hotels. Houseboats are very expensive in Amsterdam because of the limited number of moorings. This expense has reduced the likelihood that the approximately 2,400 families that live on the inner waters of Amsterdam will find themselves confronted by new neighboring boats. The bloemenmarkt
4070-546: The first half of the 20th century, there were over 2,500 such homes in the city, not even counting seaworthy liveaboard boats. From the outset, they included floating slums of shabby shacks, but gentrified houseboats go back at least to 1888 when the Yesler Way cable car reached Leschi on Lake Washington and a string of luxury summer getaways (none surviving today) lined the shore from there north to Madison Park . As of 2010 , there were about 480 floating homes on Lake Union and
4144-416: The historical evolution of real property and property rights. Real property is immobile. Owners cannot move their land to a better location, such as another city, for sale. Thus the fixed location of a parcel of land directly affects, and is a major determinant of, its value. However, products of the land, such as minerals and crops, can be transported. Changes that take place nearby will directly affect
4218-573: The houseboat. Roughly built float houses are sometimes called shanty boats but may be built on a raft or hull. In historic logging operations, workmen sometimes used an ark as a mobile dwelling. In Australia, especially on the Murray River (most notably the town of Mannum ) and the sunny coastline of Queensland there are many motorized, pontoon -based houseboats with two or more bedrooms; some of these houseboats have more than one level or multiple stories (floors). Some are privately owned as either
4292-456: The land, which also can be referred to as improvements , include homes, garages, and buildings. Manufactured homes can obtain an affidavit of affixture. Land use, land valuation, and the determination of the incomes of landowners are among the oldest questions in economic theory. Land is an essential input ( a factor of production ) for agriculture, and agriculture is by far the most important economic activity in pre-industrial societies. With
4366-473: The land. In many countries, the Torrens title system of real estate ownership is managed and guaranteed by the government and replaces cumbersome tracing of ownership. The Torrens title system operates on the principle of "title by registration" (i.e. the indefeasibility of a registered interest) rather than "registration of title". The system does away with the need for a chain of title (i.e. tracing title through
4440-400: The local establishment — which includes land-based home owners. Float home owners had fought established land-based tax schemes whereby float home owners sought relief from real estate taxes. The state won the battle with the shadow tax allowing the state to make the case that property beneath the float home was improved by the shadow the float home cast upon the bottom. On the other side of
4514-449: The local scenery; remain in close proximity to other outdoor activities (hiking, boating, beaches, etc.); and retain the potential to move the living quarters on a whim for a change of view or neighbors. Recreational houseboating in the United States started in the late 1940s when people were looking to stay on the water for longer periods of time. Lake Cumberland in Kentucky is considered
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#17328523298774588-691: The middle, and has been in service since 2021. There is a houseboat and fishing community on the southern side of Hong Kong Island , known as Aberdeen Floating Village . There was also one such community in the Yau Ma Tei Typhoon Shelter . In India , houseboats used as accommodation for tourists are common on the backwaters of Kerala and also on Dal Lake near Srinagar in Jammu and Kashmir (see below). Houseboats in Kerala , south India , are huge, slow-moving barges used for leisure trips. They are
4662-462: The middle. The hull is made of wooden planks, usually of aanjili, held together by ropes of coconut fiber. The roof is made of bamboo poles and palm leaves. The boat exterior is painted with protective coats of cashew nut oil. Unlike their counterparts in Kerala , the houseboats in Srinagar in Jammu and Kashmir — the northernmost state of India — are usually stationary, generally moored at
4736-522: The mooring), or leisure (inhabitability only for short periods). Toronto 's Bluffer's Park is home to a small float home community with 24 properties within the park's marina. A city bylaw states that no more than 25 floating homes can be built. The homes in Toronto are built on concrete barges chained to the lake bottom and docked at the marina to allow residence year round. These homes have no motor and thus are not vessels. Ladner 's Canoe Pass Village
4810-544: The mountains just outside Redding . Four rivers or "arms" merge to create this: the Sacramento, McCloud, Squaw Creek, and Pit. Shasta Dam , the highest center spillway dam in the world, can be found at the southwest corner of the lake. Lake Shasta Caverns , can be reached only from the lake. Houseboating is also common on Lake Cumberland , which is often referred to as the Houseboat Manufacturing Capital of
4884-538: The neighborhood of Hayden Island a prominent example. Float houses are mostly used on the Pacific coast. Seattle, Washington , is home to a relatively large collection of houseboats (capable of moving under their own power) or "floating homes" (houses built on floats) in several neighborhoods, particularly in Lake Union and Portage Bay . These began to appear soon after the time of first European settlement. At their peak in
4958-461: The real property's value. Real property is vulnerable to externalities due to its immobile nature. External factors outside of the real property will affect the value of the real property, for example, the noises that neighboring people and construction sites produce. A location of desired resources will draw attention to the location. Natural locational attractions include water supply, climate, soil fertility, water frontage, and mineral deposits. As
5032-495: The real property, it must be integrated with or affixed to the land. This includes crops, buildings, machinery, wells, dams, ponds, mines, canals, and roads. The term is historic, arising from the now-discontinued form of action , which distinguished between real property disputes and personal property disputes. Personal property, or personalty, was, and continues to be, all property that is not real property. In countries with personal ownership of real property, civil law protects
5106-401: The right to pass over a neighboring property. Another is the various "incorporeal hereditaments", such as profits-à-Prendre , where an individual may have the right to take crops from land that is part of another's estate. English law retains several forms of property that are largely unknown in other common law jurisdictions such as the advowson , chancel repair liability and lordships of
5180-472: The rights of others. This concept is embodied in the Latin maxim sic utere tuo ut alienum non-laedas , which broadly translates to: use your own property in a manner that does not injure another person's property. As a general rule, a landowner is entitled to use their land as they see fit. The scope of this right is limited in some aspects. For example, an owner may not build a "spite fence" that substantially affects
5254-460: The status of real property in real-estate markets, where estate agents work in the market of buying and selling real estate. Scottish civil law calls real property heritable property , and in French-based law, it is called immobilier ("immovable property"). The word "real" derives from Latin res ("thing"). Under European civil law, a lawsuit that seeks official recognition of a property right
5328-414: The termination of some estate of limited term is said to have a "future interest". Two important types of future interests are: Estates may be held jointly as joint tenants with rights of survivorship or as tenants in common . The difference between these two types of joint ownership of an estate in land is basically the inheritability of the estate and the shares of interest that each tenant owns. In
5402-488: The use of the neighbor's land (e.g. a hotel owner built a wall 85 ft (26 metres) long and 18 ft (5.5 metres) high that blocked the windows of a neighboring hotel owner). It is inevitable that most property will eventually be destroyed. A termite-infested house that has outlived its useful life may be demolished to build a new one. However, the scope of this right can be limited. For example, most jurisdictions may not allow an owner to destroy something of substantial value, like
5476-438: Was added to the monument. The next year, the monument was merged into the expanded Grand Teton National Park . Real property In English common law , real property , real estate , immovable property or, solely in the US and Canada, realty , refers to parcels of land and any associated structures which are the property of a person. For a structure (also called an improvement or fixture ) to be considered part of
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