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Prof- Dra. Adela Pérez del
Viso
May 2015.
THE MOST COMPLETE FORM OF FREEHOLD
ESTATES:
THE FEE SIMPLE:
REAL PROPERTY LAW.
Real property law: divided into: FREEHOLD ESTATES (1)
LEASEHOLDS. (2)
1): In Freehold estates: an individual has ownership of land for
an indefinite period of time.
2): In LEASEHOLDS: Property interests of limited duration and
can be acquired through a lease (a contract for exclusive
possession in which a tenant pays the landlord or landlady a
specific rent or compensation.
TERMINOLOGY
Land: It refers to REAL ESTATE, and everything that grows ñon
that real estate, any improvements to the real estate, such
as buildings and the right to the minerals underneath the
land and the airspace above it.
THE FEE SIMPLE
THE LIFE ESTATE
THE ESTATE PUR
AUTRE VIE
THREE
TYPES OF
FREEHOL
D ESTATE
TERMINOLOGY
Fee tail: Now
Obsolete
CONVEYANCE The act of transferring
property to another person

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Real State Law

  • 1. Prof- Dra. Adela Pérez del Viso May 2015.
  • 2. THE MOST COMPLETE FORM OF FREEHOLD ESTATES: THE FEE SIMPLE:
  • 3. REAL PROPERTY LAW. Real property law: divided into: FREEHOLD ESTATES (1) LEASEHOLDS. (2) 1): In Freehold estates: an individual has ownership of land for an indefinite period of time. 2): In LEASEHOLDS: Property interests of limited duration and can be acquired through a lease (a contract for exclusive possession in which a tenant pays the landlord or landlady a specific rent or compensation.
  • 4. TERMINOLOGY Land: It refers to REAL ESTATE, and everything that grows ñon that real estate, any improvements to the real estate, such as buildings and the right to the minerals underneath the land and the airspace above it. THE FEE SIMPLE THE LIFE ESTATE THE ESTATE PUR AUTRE VIE THREE TYPES OF FREEHOL D ESTATE
  • 5. TERMINOLOGY Fee tail: Now Obsolete CONVEYANCE The act of transferring property to another person