REM 300 Study Guide - Midterm Guide: Leasehold Estate, Concurrent Estate, Real Estate Broker

• School: Ryerson University
• Department: Real Estate Management
• Course: REM 300
• Professor: David Atkinson

Document Summary

Investment: markets are local, demand and use affected by local conditions. Institutions, private equity, etc. : real estate investment trust(reit, real estate operating company. If the grantor gives balance to a third party - remainder: lease hold estate, renting, an interest in land for a definite period (a week, month, year 99 years) Joint tenancy: tenancy in common, form of direct co-ownership, tenancy in common: requires possession (one unity, standard form except in special cases and in marriage, fee simple estate with multiple owners, your heir inherits your share. Limited partnerships: liability limited to investment amount, usually silent passive, must be registered. Intellectual property: fixture: real property that formerly was personal property, rules for determining when something becomes a fixture, manner of attachment, character of the article and manner of adaptation: custom screens or storm windows, custom designed furniture. Judge would require evidence of good faith (cid:455)ou did(cid:374)(cid:859)t k(cid:374)o(cid:449) the la(cid:374)d is(cid:374)(cid:859)t (cid:455)ou(cid:396)s.