Accretion In Real Estate
A natural process of adding soil to land, usually by water action, leaving earth or sand deposits. This can take place through unusual events such as flooding or storm conditions, or cyclical events such as seasonal variations in tidal patterns. Any natural soil additions usually belong to the property owner.
What is the accretion in real estate?
This process of accretion in real estate entails a slowly increasing, the land affected will increase in size. There are three ways in which moving water can affect land: accretion, avulsion, reliction.
Accretion in real estate is the process by which the surface of the land grows, it’s a gradual increase. This process is caused by the recession of a body of water on land that had at one point been covered by it. This water, over time, acts almost like a living thing, moving and affecting the land around it.
In real estate, the term accretion is used to refer to an increase in land due to soil accumulation, the accretion in real estate is a gift from nature for the land owners.
What is the opposite of accretion in real estate?
As we mentioned above, the accretion has two opposites in real estate. One of them is avulsion, which is caused by rivers or other water around the land. Avulsion in real estate is an abrupt change in land, caused by pieces of soil brought there by the watercourse. It means a break of certain land from the owner surface as a result of flood, or some changes that occur on the watercourse. The avulsion in real estate may result in the increase or decrease of land from the surface area of the plot. This process mainly occurs after storms, when the width of the river is increasing, and the water erodes a part of the land around it.
Reliction in real estate is the opposite of the accretion in real estate, this process may refer to a change to the land surface, after the action of the water. It’s a way to increase the surface of land, after water receding, the properties and surface of land will be modified, and the new surface of land will be the owners.
Examples of real estate accretion
If you have a house,and, over time, you want to change the structure of the house and decide to increase your house with a new room, so, you change the size of the house, you modify the surface of the building.
The term of accretion can be understood better with the next example. In ten years, the wind moves a part of John’s land on the George’s property, in conclusion, George’s property area will increase, because the land which was moved from John’s surface, in his surface, will be his now.
Example of real estate avulsion
After last year’s flood, Michael lost a part of soil, because the water took it and the water wore away the area of Mary’s garden, so, after this process of avulsion, the Michael’s surface of land decreased and the Mary’s garden increased in surface.
Example of real estate reliction
After a long period of drought, some lakes from U.S have decreased their flow, and the farmers have acquired the surface of the land which dried.
Popular Real Estate Terms
The accelerated cost recovery system is a depreciation system for tax purposes mandated by the Economic Recovery Tax Act of 1981. In 1986 the Accelerated Cost Recovery System (ACRS) was ...
Determines the ability of soil to absorb and draw down water. A percolation test is essential to determine the location of a drainage field for waste disposal. ...
Standard unit of area that is used to measure a parcel or real estate. Square footage is computed by multiplying the length and width dimensions of a room, building, lot, etc. ...
A map that shows land elevations. ...
Charge by the lender to keep credit available to the potential borrower. Once the loan is made, interest is charged on the amount borrowed. Real estate businesses often need money available ...
Legal action by an owner of property to oust or exclude an individual or business form using the property. ...
An official indicating intensity of land use in a zoned urban area. ...
Within Real Estate, “nuisance” is a term used to describe any disturbance that might affect neighboring houses. Nuisance abatement is the enforcing of policies and codes that ...
Statement made verbally. It is better legally to have a written statement because verbal ones without witnesses may be denied. ...
Comments for Accretion In Real Estate
how can accretion become the owner of the property
Jul 23, 2021 00:47:03Hey Brigitte! Thank you for reaching out to us. Accretion is the natural process of soil being added to land areas, usually as a result of water action. It can not own property.
Jul 23, 2021 09:19:39Have a question or comment?
We're here to help.