Law 2101 Lecture Notes - Lecture 7: English Property Law, Life Estate, Fee Simple
Document Summary
Property: a relationship between people with respect to things, property rights are never absolute. Real property: land and buildings and anything attached to them, real property is fixed and not moveable. Personal property: everything that is not real property, can be either tangible (physical) or intangible (not physical) Fixtures: goods that are attached to real property, begin as personal property, but when attached to real property they become real property, depends on how permanent the fixture is. Joint ownership: right of survivorship, when one person died, the surviving gets the others interests, equal interest, each own the same share. Tenancy in common (co-ownership: no rights of survivorship, potential unequal interest, example: business partnership. Transfer of interests in land: agreements of purchase and sale, land registry system, land records in paper, land titles system, electronic registry, title insurance, something is wrong with the title of your ownership. It"s almost certain someone will by this when they buy the house.
