Management and Organizational Studies 2275A/B Lecture Notes - Lecture 7: Concurrent Estate, Leasehold Estate, Property Law

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

Document Summary

E. g person who owns the phone have lots of rights more than other people who do not own the phone(but this person do not have all the rights) For the person who do not own the phone, they have rights on: e. g. not throw the phone to them, not post anything bad about them on facebook. Relationship between people with respect to things. Bundles of rights with respect to the things. Real property:fixed and not movable(land and building and anything attached to them) Personal property: everything that is not real property(fixtures are goods that are attached to real property) Intend to be permanent will be the real property. Life estate: give the rights during the life time(if the person dies, the property goes to someone else) Leasehold estate: you have rights but you do not own them(rent the house) Easement: the right to use the land of another for a particular purpose only.