REM 300 Study Guide - Midterm Guide: Life Estate, Fee Simple, Personal Property

• 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. Land ownership emerged in england in the middle ages. Canada has 2 doctrines of laws relating to law ownerships: doctrine of tenure and doctrine of estate. *right to possess not own subject to payment. Land holding system introduced as feudalism in 1066. The king appointed 1,500 tenants-in-chief who became 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 and were allowed to sublet their land. Parceling land was established which allowed tenants to pay with goods and services; began as a system of tenure related to the duties owed the landlord. The status or extent of rights associated with tenure. Estates evolved to be a bundle of rights that is associated with land ownership.