LAW 603 Chapter Notes - Chapter 15: Equity Sharing, Expectation Damages, Concurrent Estate
20 Apr 2016
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Real property includes land and anything attached to land. A right that a person can enforce with respect to a particular piece of land. Estate an exclusive right to possess a property for a period of time: fee simple the largest package of rights that a person can hold in land. Still cannot commit torts on your property (nuisance) Joint ownership (tenancy) when two or more people share exactly the same interest in a property. Right of survivorship upon death, a joint tenant"s interest automatically passes to the remaining joint tenants. Condominiums when several people share ownership of some parts of a building while individually owning other parts. (both individual ownership and shared ownership) 1: shared ownership of common areas, and subject to specific rules/engagements in those spaces, a condominium corporation organized and managed by not for profit. And required to pay condo fees, similar to taxes.
