This document provides an overview of the basics of real estate law. It covers different types of property, property rights, forms of real estate ownership including tenancy in common, joint tenancy, and community property. It also discusses ownership of real estate by different business entities like sole proprietorships, partnerships, corporations and LLCs. Finally, it briefly touches on other types of undivided ownership interests such as condominiums, cooperatives, planned unit developments, and timeshares.

1. Unit 2: Basics of Real
Estate Law

2. UNIT 2: BASICS OF REAL ESTATE LAW
Property
 Personal Property
 Real Property
 Land
 Attachments
 Natural Attachments
 Improvements
 Fixtures
 Tests to Determine Status of a Fixture  Adaptation
 Intention  Method of Attachment
 Exception - Trade Fixtures
 Appurtenances
 Air Rights
 Water Rights
 Support Rights
 Rights of Way
 Easements
 Wind Rights

3. UNIT 2: BASICS OF REAL ESTATE LAW
Property Rights
 Bundle of Rights
 Homestead Rights
 Urban and Rural Homesteads
 Homestead Protections
 Homestead Requirements
 Terminating a Homestead
 Transfer
 Abandonment
 Death

4. UNIT 2: BASICS OF REAL ESTATE LAW
Forms of Real Estate Ownership
 Ownership in Severalty
 Concurrent Ownership
 Tenancy in Common
 Requirements for a Tenancy  Rights and Responsibilities
in Common  Forced Sale - Partition Action
 Transferring Ownership
 Joint Tenancy
 Unities of Joint Tenancy  Rights and Responsibilities
 Transferring Ownership
 Community Property
 Property Included in  Property Excluded from
Community Property Community Property
 Transferring Ownership
 Dissolution of Marriage
 Death of One of the Parties
 Trust Ownership

5. UNIT 2: BASICS OF REAL ESTATE LAW
Ownership of Real Estate by Business Ownership
 Sole Proprietorship
 Partnership
 General Partnership
 Limited Partnership
 Corporation
 “S” Corporations
 Limited Liability Companies

6. UNIT 2: BASICS OF REAL ESTATE LAW
Other Undivided Ownership Interests
 Common Interest Developments
 Condominiums
 Cooperatives
 Planned Unit Developments
 Timeshares
 Structure of Timeshares
 The Texas Timeshare Act