The Concept and Form of Property
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Unit 2: Real Property and the Law
Modern Real Estate Practice Twentieth Edition Unit 2: Real Property and the Law LECTURE OUTLINE I. Land, Real Estate, and Real Property (See Figures 2.1– 2.3) A. Land—the earth's surface extending downward to the center of the earth and upward to infinity, including things permanently attached by nature, such as trees and water; land has three physical characteristics 1. Immobility: The geographic location of any given parcel of land can never be changed. 2. Indestructibility: Land is durable and indestructible, even though erosion, flood, volcanic action, and fire may change its topography and value. 3. Uniqueness: The law holds that no two parcels of land are exactly the same; this uniqueness is also known as "nonhomogeneity." B. Real estate—the land and all things permanently attached to it by either nature or people (improvements) C. Real property—real estate plus the interests, benefits, and rights inherent in the ownership of real estate In Practice: "real estate" and "realty" are casual uses of the term accurately described as "real property" 1. Ownership of real property: bundle of legal rights; concept comes from old English law 2. The bundle of legal rights includes the rights of: a. Possession—the right to occupy the premises b. Control—the right to determine certain interests for others c. Enjoyment—possession without harassment or interference d. Exclusion—legally refusing to create interests for others e. Disposition—determining how the property will be disposed of 3. Title to real property—(1) right to property, and (2) evidence of ownership by deed 4. Appurtenance: right or privilege associated with the property, although not necessarily a part of it D. -
Estate Administration: a Course of Seminars
THE NEW SOUTH WALES BAR ASSOCIATION THE LAW SOCIETY OF NEW SOUTH WALES ESTATE ADMINISTRATION : A COURSE OF SEMINARS – The Protective, Probate and Family Provision Jurisdictions of the Supreme Court of New South Wales SEMINAR NO. 1 : An introductory Overview 26 May 2015 (Revised) by Justice Geoff Lindsay, Justice Phil Hallen, Probate and Protective List Judge, Family Provision List Judge, NSW Supreme Court NSW Supreme Court A PROVINCE OF MODERN EQUITY : MANAMANAGEMENTGEMENT OF LIFE, DEATH AND ESTATE ADMINISTRATION By Lindsay J INTRODUCTION 1. The course of seminars introduced by this paper is intended: (a) to provide an introduction to current principles, practice and procedure governing the protective, probate and family provision jurisdiction(s) of the Supreme Court of NSW; and (b) to encourage discussion of principles attending the administration of estates, before and after death. 2. The seminars are timely, for a variety of reasons: a. the protective, probate and family provision jurisdictions are intrinsically important to the way law is administered, and society functions, in NSW. b. over recent decades there have been fundamental changes to the way the law is administered, and further changes of that order are likely. c. the subject matter of the protective, probate and family provision jurisdictions is not routinely studied at university level, and generations of lawyers have come of age without studying them. 1 d. well-rounded lawyers need something more than passing familiarity with these areas of the law, whatever their preferred areas of practice or academic study. e. in recent years there has been a large expansion in the numbers of people engaging the protective function of government (more through statutory tribunals operating under the supervision of the Court, than through proceedings in the Court) and the family provision jurisdiction of the Court, with the Court’s probate jurisdiction (supplemented by its equity jurisdiction) mediating between them. -
Driving Sustainability in New Homes: a Resource for Local Authorities VERSION 1.1: July 2018
Driving sustainability in new homes: a resource for local authorities VERSION 1.1: July 2018 (Version 1.0 originally published March 2018) An output from the UKGBC Cities Programme, sponsored by: 1 Acknowledgements This resource is the output of a UKGBC project in association with The intention is that key stakeholders feel ‘co-ownership’ of this Core Cities UK. It has been produced through a combination of resource, and we are grateful to the organisations below for their workshops, meetings, written consultation and individual feedback. endorsement. We invite others to do likewise. A large number of organisations have taken time to feed into the For any queries in relation to this resource, contact process. A full list can be found on the following slide. However, John Alker, Director of Policy & Places, UKGBC: we are particularly grateful for the extensive time provided by [email protected] Charlene Clear, BRE and Duncan Price, BuroHappold. 2 Acknowledgements The following organisations provided input and/or review during the original process. This acknowledgement does not imply endorsement. Barratt Developments GLA Newcastle City Council Berkeley Group Greater Manchester Combined Authority PassivHaus Trust Bioregional Hoare Lea PRP BRE HTA Rockwool BuroHappold Hurstwyn Associates Saint Gobain Cambridge City Council Igloo Regeneration St Albans & District Council Clarion Housing Group JLL Sustainable Homes Climate KIC Lendlease UK100 Core Cities UK Levitt Bernstein Useful Projects Currie Brown Linkcity WSP Eastleigh Borough Council -
REAL ESTATE LAW LESSON 1 OWNERSHIP RIGHTS (IN PROPERTY) Real Estate Law Outline LESSON 1 Pg
REAL ESTATE LAW LESSON 1 OWNERSHIP RIGHTS (IN PROPERTY) Real Estate Law Outline LESSON 1 Pg Ownership Rights (In Property) 3 Real vs Personal Property 5 . Personal Property 5 . Real Property 6 . Components of Real Property 6 . Subsurface Rights 6 . Air Rights 6 . Improvements 7 . Fixtures 7 The Four Tests of Intention 7 Manner of Attachment 7 Adaptation of the Object 8 Existence of an Agreement 8 Relationships of the Parties 8 Ownership of Plants and Trees 9 Severance 9 Water Rights 9 Appurtenances 10 Interest in Land 11 Estates in Land 11 Allodial System 11 Kinds of Estates 12 Freehold Estates 12 Fee Simple Absolute 12 Defeasible Fee 13 Fee Simple Determinable 13 Fee Simple Subject to Condition Subsequent 14 Fee Simple Subject to Condition Precedent 14 Fee Simple Subject to an Executory Limitation 15 Fee Tail 15 Life Estates 16 Legal Life Estates 17 Homestead Protection 17 Non-Freehold Estates 18 Estates for Years 19 Periodic Estate 19 Estates at Will 19 Estate at Sufferance 19 Common Law and Statutory Law 19 Copyright by Tony Portararo REV. 08-2014 1 REAL ESTATE LAW LESSON 1 OWNERSHIP RIGHTS (IN PROPERTY) Types of Ownership 20 Sole Ownership (An Estate in Severalty) 20 Partnerships 21 General Partnerships 21 Limited Partnerships 21 Joint Ventures 22 Syndications 22 Corporations 22 Concurrent Ownership 23 Tenants in Common 23 Joint Tenancy 24 Tenancy by the Entirety 25 Community Property 26 Trusts 26 Real Estate Investment Trusts 27 Intervivos and Testamentary Trusts 27 Land Trust 27 TEST ONE 29 TEST TWO (ANNOTATED) 39 Copyright by Tony Portararo REV. -
Australian Law Journal
THE AUSTRALIAN LAW JOURNAL VOLUME 86 January 2012 — December 2012 GENERAL EDITOR MR JUSTICE P W YOUNG AO THOMSON REUTERS EDITOR CHERYLE KING ASSISTANT GENERAL EDITOR ANGELINA GOMEZ INDEX ALAN WALKER BA (Hons), DipLib THOMSON REUTERS 2012 Customer Service and Sales Inquiries Tel: 1300 304 195 Fax: 1300 304 196 Web: www.thomsonreuters.com.au/legal/ Email: [email protected] Editorial Inquiries Tel: 61 2 8587 7000 HEAD OFFICE 100 Harris Street Pyrmont NSW 2009 Tel: 61 2 8587 7000 Fax: 61 2 8587 7100 ISSN 0004-9611 Typeset by Thomson Reuters (Professional) Australia Ltd, Pyrmont, NSW Printed by Ligare Pty Ltd, Riverwood, NSW The Australian Law Journal — Vol 86 iii The mode of citation of this volume of the AUSTRALIAN LAW JOURNAL will be: (2012) 86 ALJ TABLE OF CONTENTS AUSTRALIAN LAW JOURNAL TABLE OF AUTHORS ........................................................................ v TABLE OF CASES .............................................................................. ix AUSTRALIAN LAW JOURNAL, VOL 86, No 1, January 2012 to No 12, December 2012 .................. 1-856 INDEX .................................................................................................. 857 AUSTRALIAN LAW JOURNAL REPORTS CASE REPORTERS ............................................................................ iv TABLE OF CASES REPORTED ........................................................ v CORRIGENDA .................................................................................... viii AUSTRALIAN LAW JOURNAL REPORTS, VOL 86 ..................... -
Secure Tenure for Home Ownership and Economic Development on Land Subject to Native Title
Secure tenure for home ownership and economic development on land subject to native title Ed Wensing and Jonathan Taylor AIATSIS Research DiscussioN Paper NUMBER 31 August 2012 Wensing, E & Taylor, J 2012, Secure tenure options for home ownership and economic development on land subject to native title, AIATSIS research discussion paper no. 31, AIATSIS Research Publications, canberra. Secure tenure for home ownership and economic development on land subject to native title Ed Wensing and Jonathan Taylor AIATSIS Research Discussion Paper No. 31 First published in 2012 by AIATSIS Research Publications © Ed Wensing and Jonathan Taylor, 2012 All rights reserved. Apart from any fair dealing for the purpose of private study, research, criticism or review, as permitted under theCopyright Act 1968 (the Act), no part of this article may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without prior permission in writing from the publisher. The Act also allows a maximum of one chapter or 10 per cent of this book, whichever is the greater, to be photocopied or distributed digitally by any educational institution for its educational purposes, provided that the educational institution (or body that administers it) has given a remuneration notice to Copyright Agency Limited (CAL) under the Act. The views expressed in this series are those of the authors and do not necessarily reflect the official policy or position of the Australian Institute of Aboriginal and Torres Strait Islander Studies. Australian Institute of Aboriginal and Torres Strait Islander Studies (AIATSIS) GPO Box 553, Canberra ACT 2601 Phone: (61 2) 6246 1111 Fax: (61 2) 6261 4285 Email: [email protected] Web: www.aiatsis.gov.au National Library of Australia Cataloguing-in-Publication entry: Author: Wensing, Ed (Edward George) Title: Secure tenure for home ownership and economic development on land subject to Native Title / Ed Wensing & Jonathan Taylor. -
Empowering Smarter Property and Household Decisions Empowering Smarter Property and Household
ZPG Plc Annual Report 2017 ZPG Plc Annual Report 2017 Empowering smarter property and household decisions ZPG Plc owns and operates some of the UK’s most trusted digital brands that help empower smarter property and household decisions including Zoopla, uSwitch, Money, PrimeLocation and SmartNewHomes. We are also one of the leading residential property software and data providers with a range of products including Hometrack, TechnicWeb, Ravensworth, Alto, Jupix, ExpertAgent, PropertyFile and MoveIT. Our websites and apps attract over 50 million visits per month and over 25,000 business partners use our services. p20 Focused on delivering transparency and efficiency: Most useful resource for consumers p26 Focused on delivering transparency and efficiency: Best place for our teams Contents “ We have made significant progress Strategic report towards our mission of being the 02 Highlights platform of choice for consumers 04 At a glance and partners engaged in property 06 Chairman’s statement and household decisions.” 08 Chief Executive Officer’s statement and business review Alex Chesterman OBE, 12 M&A and partnership activity Founder & CEO 14 Business model 15 Strategy 16 Stakeholder engagement 18 Our markets 28 Key performance indicators 30 Risk management and key risks 36 Financial review 42 Our people and corporate social responsibility p22 Corporate governance 48 Chairman’s introduction to governance 50 Board of Directors 52 Corporate governance statement Focused on delivering 58 Audit Committee report transparency and efficiency: 64 -
Land Mineral and Air Rights What Are They and Who Owns Them?
513-721-LAND(5263) [email protected] Land Mineral and Air Rights What are they and who owns them? Air Rights include from the surface of the land into space. It is possible to purchase land that has limited air rights. An example would be not owning the rights above 50 feet. This would stop you from building anything higher than 50 feet. A previous owner may have retained the air rights higher than 50 feet to keep the view from being blocked. Surface rights are what we typically think of as land ownership. The surface rights owner has the right to use the surface, build on it, farm it, or use the land for any legal purpose. Mineral rights is the ownership of anything below the surface. Mineral rights includes gravel, oil, gas, gold, etc,. Mineral rights include the right to use the surface as necessary to access the minerals. I have heard many complain about the oil company stealing their property rights to drill an oil well. The oil company is acting for the owner of the mineral rights who has a legal right to access his minerals. To avoid this situation the surface owner must own the mineral rights.In addition to the three basic ownership rights there are other situations where others can use or control your real estate. http://www.tnstate.edu/extension/documents/Mineral_and_Air_Rights.pdf http://www.thinkglink.com/2013/04/26/owns-mineral-rights-property/ . -
Hold Hearing for Vacation of Air Space and Subsurace
Roll Call Number Agenda Item Number Page 1 Date........January.11,.2016. HOLD HEARING FOR VACATION OF AIR SPACE AND SUBSURACE RIGHTS IN CITY STREET MGHT-OF-WAY ADJOINING 219 EAST GRAND AVENUE AND CONVEYANCE OF AN AIR MGHTS EASEMENT WITHIN EAST GRAND AVENUE AND EAST 2ND STREET, AND CONVEYANCE OF A SUBSURFACE EASEMENT WITHIN EAST GRAND AVENUE, TO 219 GRAND, LLC FOR $6,307.00 WHEREAS, on December 7, 2015, by Roll Call No. 15-2049, the City Council of the City ofDes Moines, Iowa, received a recommendation from the City Plan and Zoning Commission recommending approval of a request from 219 Grand, LLC for the vacation of the air rights over the south 4 feet of East Grand Avenue right-of-way adjoining 219 East Grand Avenue and the east 4 feet of East 2nd Street right of way adjoining 219 East Grand Avenue to allow for balcony encroachments, and for vacation of the subsurface rights within the south 4 feet of East Grand Avenue right-of-way adjoining 219 East Grand Avenue to allow for building footings and foundation, all subject to the reservation of easements for existing utilities in place until such time as they are abandoned or relocated; and WHEREAS, on April 2, 2001, by Roll Call No. 01-995, the City Council of the City ofDes Moines, Iowa, adopted Ordinance No. 13,937 vacating the East 25.25 feet of East 2nd Street right-of-way adjoining 219 East Grand Avenue; and WHEREAS, 219 Grand, LLC is the owner of the real property locally known as 219 East Grand Avenue, which property is being developed into a new 6-story mixed use building; and -
Professor the Hon Clyde Croft AM SC Called 1978 Silk 2000
Professor the Hon Clyde Croft AM SC Called 1978 Silk 2000 As an Independent Arbitrator and Mediator, Professor Croft has over 30 years experience in International and Australian arbitration and mediation as an Arbitrator, Mediator, Barrister, Senior Counsel, Supreme Court Judge and in policy advising in all aspects of international and domestic dispute resolution to governments and public and private organisations in Australia and elsewhere. Professor Croft was appointed “Silk”, as one of the Senior Counsel for the State of Victoria (SC), in 2000. He was, in 2009, appointed a Judge of the Supreme Court of Victoria and for a decade, until his retirement in 2019, was the Judge in Charge of the Arbitration List in the Commercial Court of that Court. Prior to his appointment to the Supreme Court Dr Croft practised extensively in property and commercial law and was an arbitrator and mediator in many property, construction and commercial disputes, domestically and internationally. He was then, and is now on his leaving the Court, Professor in the Monash University Law Faculty An Institute of Arbitrators and Mediators (IAMA) (now the Resolution Institute and a Grade 1 Arbitrator (the highest grading) A member of the IAMA Australian and International Panel of Commercial Arbitrators A member of the Australian Centre for International Commercial Arbitration (ACICA), the Singapore International Arbitration Centre (SIAC) and the Asia Pacific Regional Arbitration Group (APRAG) panels of international arbitrators. Represented APRAG at the United Nations Commission on International Trade Law (UNCITRAL) International Arbitration Working Group Sessions from 2005 until 2010 A member of the Hague Conference on Private International Law Working Group on Choice of Law in International Contracts. -
Should Qualified Air Rights Donations Be Characterized As Interests in Land Or Buildings - Why Does It Matter
Cleveland State Law Review Volume 50 Issue 2 Article 7 1-1-2002 Money from Heaven: Should Qualified Air Rights Donations Be Characterized as Interests in Land or Buildings - Why Does It Matter Daniel Markey Follow this and additional works at: https://engagedscholarship.csuohio.edu/clevstlrev Part of the Taxation-Federal Commons, and the Tax Law Commons How does access to this work benefit ou?y Let us know! Recommended Citation Note, Money from Heaven: Should Qualified Air Rights Donations Be Characterized as Interests in Land or Buildings - Why Does It Matter, 50 Clev. St. L. Rev. 283 (2002-2003) This Note is brought to you for free and open access by the Journals at EngagedScholarship@CSU. It has been accepted for inclusion in Cleveland State Law Review by an authorized editor of EngagedScholarship@CSU. For more information, please contact [email protected]. MONEY FROM HEAVEN: SHOULD QUALIFIED AIR RIGHTS DONATIONS BE CHARACTERIZED AS INTERESTS IN LAND OR BUILDINGS? WHY DOES IT MATTER? I. INTRODUCTION .................................................................... 283 II. THE EASEMENT.................................................................... 285 A. Real Property, Easements, Development Rights and Air Rights..................................................................... 285 1. Brief Common Law History................................. 285 2. Principle Types of Easements Involved in Historic Preservation......................... 286 B. The Qualified Conservation Easement Under § 170 of the I.R.C............................................. -
Cujus Est Solum Ejus Usque Ad Coelum" As Applied in Aviation
THE MAXIM "CUJUS EST SOLUM EJUS USQUE AD COELUM" AS APPLIED IN AVIATION The Maxim 'Cujus Est Solum Ejus Usque Ad Coelum' is a presumption rebuttable by circumstances.' Yehuda Abramovitch* L Introduction Centuries ago, before mankind thought of the flying machine the Latin maxim was coined, "cujus est solum ejus usque ad coelum". This rule means: "Whose is the soil, his it is up to the sky' 2 , or in a more simple explanation "He who possesses the land possesses also that which is above it". 3 Other elucidations are: "He who owns the soil owns everything above (and below) from heaven (to hell)",' and "He who owns the land owns up to the sky".5 This maxim has been grievously misunderstood and misapplied so far as the upward limit is concerned, for it confuses air, which is capable of reduction to ownership, (e.g. by liquefaction) with space, which is not. It cannot definitely be affirmed that the law is committed to the view that mere abstract space can be the subject of ownership, apart from its contents. "Moreover, does the maxim really mean that space is in itself 'ownable' ?" It is suggested that it does not, and that it should be taken to mean: "Whosoever owns a portion of the surface of the earth, also owns anything below and anything above that portion, that may be capable of being reduced into private owner- ship".' The maxim is connected, by its nature, with air rights and their invasion. States have always claimed and exercised territorial sovereignty in space above their surface, to the extent needed to make valid the public and private rights in space.