ADMS 2610 Lecture Notes - Concurrent Estate, Fee Simple, Life Interest
9 Jan 2014
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Real property is primarily land and buildings maybe the most important assets in business. In ontario theres 2 systems: land titles, and registry system. Registry is older now we use lt so focus on that more lately theyve been taken shit registered under registry system and switching it to lt. If one spouse dies, the other one automatically becomes the 100% owner: tenancy in common is diff in that it can be more than 2 people, the split cam be. 80/20, 40/20/40 etc etc the diff in tenancy in common is that when someone. Life interest: it is a lesser interest in land b/c you don"t own it. It is something less than ownership: when someone owns a property and lets someone else use it. Or a piece of it not own it, just use it a gives b a lesser. Interest in land: ie: you can have a property and let b have a life interest.
