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Real Property Study Slides: Understanding Fixtures, Estates, Easements, and Transfers, Study notes of Law
A set of study slides for chapter 44 of a real property course. Topics covered include defining real property, fixtures, and estates; understanding the differences between tenancy in common, joint tenancy, and tenancy by the entirety; explaining easements and their creation; and discussing various types of deeds and transfers of land ownership. The slides also include class discussion questions on title, recording deeds, abstracts of title, title insurance, adverse possession, zoning laws, and eminent domain.
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Study Slides, chapter 44, “ Real Property” Slide 1
Define “Real Property”
What is a “fixture”?
What is the three part test for determining if a good has become a “Fixture”?
What is a “Freehold Estate”?
“Fee Simple Absolute”?
“Fee Simple Defeasable”?
Who won in Walton v City of Red Bluff, and why?
Real Property, Slide 2
“Life Estate”?
Concurrent Estates
What is a “Tenancy in Common” and how does it differ from a “Joint Tenancy”?
What is a “Tenancy by the Entirety”? Does Michigan recognize this form of ownership? Go to http://Michigan. Gov click on “Quick Link” for “MI Legislature”, Under MLC Key Word Search enter “tenancy by the entirety” hit “search” and open and read the statutes which appear.
How does Condominium ownership work? How does it differ from a Cooperative apartment building?
What is a “future interest”?
Real Property, Slide 3
Give an example of:
A reversion interest:
A Remainder interest:
A possibility of reverted:
What is an “easement”?
List and explain three ways an easement can be created:
1.
2.
3.
How does a mortgage work, and how does it differ from a land contract?
Real Property, Slide 4
Explain:
A Warranty Deed:
A Special Warranty Deed:
A Quit Claim Deed:
*Class Discussion:
What does “title” to land mean?
What purpose does recording a deed or other interest in land (e.g. lien, mortgage, etc.) serve?
What is an “abstract of title”?
How does title insurance work?
*Answers will be supplied in class discussion
Real Property, slide 5
What is Adverse Possession, and what are its elements? Does Michigan recognize the doctrine, and what is the length of time required? Go to the University home page, select “Libraries”, select the “L” index, select Lexus-Nexis Academic, select the “legal” tab in the tool bar, under “Select Sources” scroll down to “MI Federal and State cases Combined”, in the “Citation Number” box type 348 mich 8 and hit search.
What are zoning laws, and are they valid?
What is eminent domain?