Law 2101 Lecture Notes - Lecture 7: Leasehold Estate, Concurrent Estate, Life Estate
9 Feb 2017
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Feudalism all la(cid:374)d was the ki(cid:374)g"s la(cid:374)d. William the conqueror and the magna carta. Modern day all unowned land is property of the crown in canada. Property is a relationship between people with respect to things. Real property is land and buildings and anything attached to them: fixed and not moveable. Early property laws developed to protect wealth some of earliest laws: fee simple greatest private ownership (may be defeated still, life estate, leasehold estate limited to specific periods of time. Fixtures are goods that are attached to real property. Fixtures begin as personal property but when attached to real property they become real property. Fee simple greatest private ownership (may be defeated still) Life estate li(cid:373)ited i(cid:374)terest i(cid:374) la(cid:374)d, e(cid:454)ists o(cid:374)l(cid:455) duri(cid:374)g a perso(cid:374)"s lifeti(cid:373)e: used sometimes to do estate planning, provide a place for children to live during their lifetimes but it goes to a different estate afterwards.
