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CHAPTER 12: PROPERTY: REAL PROPERTY, LEASES, AND MORTGAGES

CHAPTER 12: PROPERTY: REAL PROPERTY, LEASES, AND MORTGAGES. CHAPTER 12: REAL PROPERTY, LEASES, AND MORTGAGES. Learning Objectives: Types of Real Property Ownership Interests Methods of Acquiring Title Real Property Leases Real Property Security Mortgage Deed of Trust.

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CHAPTER 12: PROPERTY: REAL PROPERTY, LEASES, AND MORTGAGES

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  1. CHAPTER 12: PROPERTY: REAL PROPERTY, LEASES, AND MORTGAGES

  2. CHAPTER 12: REAL PROPERTY, LEASES, AND MORTGAGES Learning Objectives: Types of Real Property Ownership Interests Methods of Acquiring Title Real Property Leases Real Property Security Mortgage Deed of Trust Chapter 12

  3. TYPES OF REAL PROPERTY INTERESTS Theory: “Bundle of Rights” Ownership Interests Fee Simple Absolute Life Estate Remainders and Reversions Types Responsibilities Chapter 12

  4. TYPES OF REAL PROPERTY INTERESTS Use of Real Property Easements Licenses Multi-Party Ownership Tenancy in Common Joint Tenancy Community Property/Tenancy by the Entirety Ownership Restrictions Chapter 12

  5. ACQUIRING TITLE • Original Entry • Transfer by Deed • Basic Principles • Types of Deeds • Warranty Deed • Grant Deed • Bargain and Sale Deed • Quitclaim Deed • Adverse Possession • Will or Intestate Possession Chapter 12

  6. LEASES OF REAL PROPERTY • Nature of a Lease • Classifications • State Period • Period to Period • At Will • At Sufferance Chapter 12

  7. LEASES OF REAL PROPERTY • Tenant: Rights and Duties • Landlord: • Rights • Duties • Special Case: Warranty of Habitability Chapter 12

  8. REAL PROPERTY AS SECURITY • Basic Aspects • Right and Duties of the Parties • Alternative: Deed of Trust • Foreclosure • Priority as to Proceeds Chapter 12

  9. CHAPTER 12: REAL PROPERTY, LEASES, AND MORTGAGES

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