Management and Organizational Studies 2275A/B Study Guide - Land Registration, Easement, Concurrent Estate

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Frederick King

Document Summary

Real property land or real estate, including buildings, fixtures and the associated legal rights. Fixtures tangible personal property that is attached to land, buildings or other fixtures. Interests in land: fee simple the legal interest in real property that is closest to full ownership. Highest and most comprehensive level of ownership of land. Essentially owns the land and can dispose of it in any way they see fit. Ownership is easily divisible: division of ownership. A piece of land can be owned by several people at once. Tenancy in common co-ownership whereby each owner of an undivided interest can dispose of that interest. Undivided interest a person can deal with their own interest in any way they see fit without having to consult the other owner. If one owner dies, their interest goes to the heirs. Joint tenancy co-ownership whereby the survivor inherits the undivided interest of the deceased: division of ownership in time common example is a lease.