Management and Organizational Studies 2275A/B Chapter 22: Chapter 22

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: James Hildebrand

Document Summary

Real property: land and anything permanently attached to it. Fixture: a chattel that is constructively or permanently attached to land. Tenure: a method of holding land granted by the crown. Fee simple: an estate in land that represents the greatest interest in land that a person may possess, and that may be conveyed or passed by will to another, or that an intestacy would devolve to the person"s heirs. Must be disposed by way of sale, will, or inheritance. Escheat: the reversion of land to the crown when a person possessed of the fess dies intestate and without heirs. Expropriation: the forceful taking of land by a government or government agency for public purposes. Deed/transfer: written or printed instrument effecting legal disposition. (grant: embodied in the document in such a way, the execution of the deed by the grantor, the delivery of the document to the grantee, passes the title to.