Real Property and Its Elements
The area of land on which the property is situated and all the things on that area are considered real property, and this is the only fact that created the term “real estate.” So, for example, when building materials like wood and steel are used to construct a structure attached to land becomes the real property, although these are not land. The trees and plants that grow naturally on land are considered real property. Still, the plants having regular human labor requirements and cultivation like grain fields or vegetables are not always included in real property. Real property has the following elements:-
Land: The earth having soil on the surface, containing water above or below the surface, oil and gas that are not separated by a mineral deed, and the airspace above the surface is termed as land.
Fixtures: Any structure build and any improvements having qualities of real property and are related to real property in such a way that they become its part are known as fixtures.
Plant Life and Vegetation: Plants and trees that grow naturally or are cultivated and their products are part of vegetation expressed as land and personal property.
Property Vegetation Plans
A property vegetation plans is a voluntary, legally enforceable agreement between a landowner and the Local Land Services (LLS). It can be used for a variety of reasons, including:
Obtaining clearing approval and securing any offsets related to that clearing.
To establish that natural vegetation on a property is regrowing, giving a landowner peace of mind that further clearing approval would not be required.
To move the regrowth date of native vegetation to a later date if landowners can show a history of rotational farming techniques on the property.
Applying for native vegetation incentive money.
Confirming whether existing rotational farming, grazing, or cropping activities fit the definitions of these in the act so that clearing authority is not required.
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