Management and Organizational Studies 2275A/B Lecture Notes - Lecture 7: Fee Simple, Intangible Property, Trademark Dilution

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

Document Summary

Property: a relationship between people with respect to things, a lot of di erent people have rights with respect to someones property, what rights does everyone have with respect to a speci c property. Real property: real property is land and buildings and anything attached to them. Personal property: personal property is everything that is not real property, intangible property: shares of a company, insurance contracts, If you take a picture o the wall, its attached but not causing damage so not a xture. Real property: property law involves answering, land and buildings and anything attached to them, real property is xed and not moveable. Non-possessory interests in land: easemerits, rights of way, licenses, restrictive covenants: a promise not to do something that runs with the land, mortgages. Tenancy in common: joint tenancy = joint ownership, right of survivorship, equal interests. Condominiums: combination of, fee simple (apartment or unit, co-ownership (common areas)