Property rights are the rights attached to ones property in different forms such as in real property, personal property and real estate. Property rights outline what can or cant happen and what rights someone has with thier belongings and ownership. For example someone has the right to do what they want with their positions as long as they do not conflict with someone else or the government domain. Things to look out for are the legal definitions of items. when coming across a legal concern be sure to take into account the definition or description of the item or entity to which is being question. for example when some one makes an article of personal property part of the real property then that article becomes a fixture to the property and will remain with the property in case of a sale. Such articles are fixtures. legal descriptions for items of property are found in our text and described as follows
Real estate- Land and things attached to the land
Real property- Consists of legal interests in land and things permanently attached to the land
Personal property- Includes legal interests in all other types of property. AKA chattel
Fixture- Personal property that becomes part of the real property when it is attached to the land or a building.
Are Mobile Home Personal or Real Property
by John Freno July 16, 2012
http://www.youtube.com/watch?v=6lKUNxeP2-8
The leader of the video uses mobile homes to describe and explain the relationship between real and personal property. He explains how a mobile home is personal property when in a park or if the home owner does not own the land that the mobile home resides on. The owner can own the land but they can keep the mobile home as personal property even if they own the land if they choose to pay separate taxes on the home and the land. Some states have different considerations like New Hampshire but that is the general consensus of most states.
Citizens Shale Advisors/ Helping Landowners with Oil and Gas leases
Citizen Shale April 1, 2011
http://www.youtube.com/watch?v=YGn1lFkc7kI
This video is put on by an organization call Citizen shale. They stand between landowners and oil companies as they attempt to draw a lease on the landowners mineral rights. Mineral rights are the interest and privaledge to all the property under the initial land. When oil is found, Oil companies lease the land to gain the oil beneath. To ensure that the land is treated fairly and the landowners property rights are still allocated, Citizen Shale comes in to be the middle man between the oil companies and the landowner. The video describes some of the major concerns such as water usage and different kinds of pollution.
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