BASIC REAL ESTATE CONCEPTS
three components: land, improvements, and rights and privileges. (hese compo - nents are addressed in more detail in the forthcoming chapters, but the following gives a brief introduction.) Land—he surface of the earth with the boundaries extending downward to the middle of the earth extended back upward to the highest heavens. Land consists
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icsm.gov.auThe fundamentals of land ownership and land boundaries date back to the very roots of civilisation, and matters relating to possession and control (ownership) of land are well documented in historical records.