REM 300 Study Guide - Final Guide: Concurrent Estate, Fee Simple, Life Estate

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

Document Summary

English laws were necessary to codify the rights and limitations associated with ownership. England is the starting point for any discussion of canadian ownership. In canada there are 2 doctrines of laws relating to law ownerships: doctrine of tenure and doctrine of estate. Tenure: land holding for a temporary time period but does not involve ownership of the land. Right to possess not own subject to payment. Land holding system was introduced known as feudalism in 1066. The king appointed 1,500 tenants- in- chief who became lords of the lands (landlords) of the entire domain. Tenants- in- chief did not own the land as they were merely tenants of the king. Lords had to pay in order to be able to occupy the large area of land. Thus they were aloud to sublet their land. Parceling land was established which allowed tenants to pay with goods and services. The status or extent of rights associated with tenure.