LAW 603 Lecture Notes - Lecture 8: Compost, Specific Performance, Net Lease
11 Dec 2016
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Chapter 15: real property interests and leases. Interest in land: estates in land, non- possessory interest in land. Leases: duration, assignment and sub-leases, commercial leases. Anything attached to land (fences and buildings) The queen of england can take your land away from you even if you bought it. Definition: an interest in land a right that a person can enforce with respect to a particular piece of land (rights to property itself) Two sets of rights and obligations are created: Have a contract with one another privity of contract exists between members in a contract. Property rights are enforceable against the whole world, not just the person from whom they are acquired. An estate is an exclusive right to possession of real property for a period of time estate interest. Definition largest package of rights that a person can hold in land.
