Under the ALTA 2006 form policy, what is the only item that is considered "Land"?

The definition of "Land" under the ALTA 2006 form policy specifically refers to the components outlined in the option mentioning land described in Schedule A along with affixed improvements. This definition recognizes not only the physical land itself but also the structures and improvements that are permanently attached to that land, considering them to be part of the real property.

In legal terms, real property encompasses both land and anything affixed to it that is deemed immovable. The choice aligns with the principles of real property law that determine what is included in a land deal, emphasizing that improvements to the land enhance its value and utility. This understanding is crucial in title insurance since the policy needs to protect the owners against issues related to both the land and any structures or improvements that could affect ownership rights.

The other choices refer to rights or properties adjacent to or associated with the land but do not define "Land" as comprehensively as the correct answer does. They emphasize specific interests or features ("waterways" or "abutting streets") but do not capture the full scope of what is legally and practically considered "Land" under the ALTA policy.