The document discusses different types of property ownership in real property law. There are two main categories: freehold estates and leaseholds. Freehold estates provide indefinite ownership of land and include three types: fee simple is the most complete form, providing unlimited ownership that can pass down through heirs; life estate gives ownership for the duration of the owner's life; and estate pur autre vie measures ownership by someone else's life. Leaseholds provide temporary, limited property interests through lease contracts rather than indefinite ownership.

1. Prof. Dra. Adela Pérez del
Viso– May/June 2015.

2. THE MOST COMPLETE FORM OF FREEHOLD
ESTATES:
THE FEE SIMPLE:

3. PROPERTY LAW

4. REAL PROPERTY LAW.
Real property law: divided into: FREEHOLD ESTATES (1)
LEASEHOLDS. (2)
1): FREEHOLD ESTATES: ownership an individual has, over
land, for an indefinite period of time. (= DOMINIO and
CONDOMINIO)
2): LEASEHOLDS: Property interests of limited duration;
they 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.)
In Argentina: THEY ARE NOT “DERECHOS REALES” BUT
CONTRACTUAL RIGHTS WHICH DERIVE FROM A LEASE CONTRACT.

5. WHAT IS “LAND”?. THIS TERM REFERS TO:
The real estate
(e.g.buildings)
The right to the
minerals
underneath the
land
The airspace
above the land

6. THREE TYPES OF FREEHOLD ESTATE:
FEE SIMPLE
LIFE ESTATE
ESTATE PUR AUTRE VIE
Fee tail: Now is
Obsolete
Transfer of title in land from
one person to another:
CONVEYANCE (TRADICION)

7. FEE SIMPLE:
Complete and unlimited form
of Freehold Estate
It is inheritable and lasts as
long as the owner (or heirs)
wants to keep it
LIFE ESTATE:
The individual retains
possession of the land for the
duration of his life
Technically temporary: ends
when the owner dies;
It is treated as complete
ownership.
Similar to a Life Estate. But it is measured by the life of
someoneother than the grantee.
ESTATE PUR AUTRE VIE