REAL 4840 Lecture Notes - Lecture 1: Land Registration

• School: University of Guelph
• Department: Real Estate and Housing
• Course: REAL 4840
• Professor: J.Moon

Document Summary

Origins of land ownership system (roots of the british common law system) Esse(cid:374)tiall(cid:455) the ruler o(cid:449)(cid:374)ed all of the la(cid:374)ds. Owner has right to use it, exclusively possess it, dispose of it & take its fruits: you paid the ruler for use (cid:448)ia (cid:272)rops, (cid:373)ilitar(cid:455) ser(cid:448)i(cid:272)e et(cid:272). But ulti(cid:373)atel(cid:455) (cid:455)ou are a te(cid:374)a(cid:374)t of the (cid:272)ro(cid:449)(cid:374: all land ultimately belongs to the crown. Fee simple is the highest level an individual can own. Then there is a tenant (some protection in property landlord obligations: the o(cid:374)l(cid:455) differe(cid:374)(cid:272)e toda(cid:455) is that (cid:455)ou pa(cid:455) propert(cid:455) ta(cid:454)es! If (cid:455)ou do(cid:374)(cid:859)t pa(cid:455) the (cid:373)u(cid:374)i(cid:272)ipalit(cid:455) can take the property away. Zoning (cid:449)e (cid:272)a(cid:374)(cid:859)t put a fa(cid:272)tor(cid:455) i(cid:374) a reside(cid:374)tial area. Crown has the ability to expropriate: (cid:449)hi(cid:272)h has (cid:272)ha(cid:374)ged throughout the (cid:455)ears (cid:374)o(cid:449) there is a pro(cid:272)ess to follow. Restrictions: city can impose restrictions things you can and ca(cid:374)(cid:859)t do.