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

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

Document Summary

After studying this chapter, you should have an understanding of: the nature and ownership of real property the various ways to acquire and transfer ownership how a mortgage works the rights and duties of landlords and tenants. Real property is permanent and immovable, and the total quantity is fixed. The focus of the law is on the land itself rather than the building or fixtures attached to it. Ownership is called the fee simple and includes everything on, above, and below the land, subject to a wide variety of limits on use. The owner of land can transfer and divide ownership in a number of ways. Registration of any interest in land is required to preserve priority over other claimants. There are two systems of registration in canada registry and land titles although most provinces are moving toward an electronic land titles system.