BLAW 3100 Chapter Notes - Chapter 14: Life Estate, Concurrent Estate, Adverse Possession
Document Summary
Real property land and anything permanently attached to it (fixed and immovable) Only the portion that can be permanently used or occupied. Use is usually restricted by zoning laws. Mineral rights usually separate and covered by their own body of law. Chattels or goods: tangible personal property that is moveable and can be weighed. Chose in action: an intangible right is a claim one person has against another (as a and measured claim for debt, negotiable instrument) Estates in land: the right of possession to land granted by the crown. Free simple: the right to use and sell land subject only to local restrictions . Life estate: upon the death of a life tenant property reverts back to original owner. Life tenant is responsible to make repairs. Leasehold estates: land leased to a tenant for a definite period of time. Easements: gives right to use a portion of another"s land for a particular purpose but does not.
