MCS 3040 Chapter Notes - Chapter 19: Caveat Emptor, Concurrent Estate, Land Registration

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 3040
• Professor: Joe Radocchia

Document Summary

Unit 12: personal intellectual property and insurance (cid:894)(cid:272)o(cid:374)t"d(cid:895) a(cid:374)d i(cid:374)trodu(cid:272)tio(cid:374) to the law of real estate. Fixtures tangible personal property that is attached to land, buildings, or other fixtures. Fee simple legal interest in real property that is closest to full ownership. Owner owns virtually all the rights associated with the real property. Tenancy in common co-ownership whereby each owner of an undivided interest can dispose of that interest as they see fit. Joint tenancy co-ownership whereby the survivor inherits the undivided interest of the deceased. Examples imposed by statute law and common law: municipal government, environmental regulations, common law of nuisance, government expropriating land, foreign ownership of land may be limited by the government. Historically, two types of registration systems in use in canada: registry system, land titles system. Registry system the system of land registration whereby the records are available to be examined and evaluated by interested parties.