slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Forms of Ownership PowerPoint Presentation
Download Presentation
Forms of Ownership

Loading in 2 Seconds...

play fullscreen
1 / 11

Forms of Ownership - PowerPoint PPT Presentation


  • 141 Views
  • Uploaded on

Chapter 4. Forms of Ownership. In This Chapter. You will look at how a given right or interest in land is held by one or more individuals. Topics covered: sole ownership, tenants in common, joint tenancy, tenancy by the entirety, & community property. Ownership. Sole ownership

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Forms of Ownership' - ainsley-rodgers


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide2

Chapter 4

Forms of Ownership

in this chapter
In This Chapter

You will look at how a given right or interest in land is held by one or more individuals. Topics covered: sole ownership, tenants in common, joint tenancy, tenancy by the entirety, & community property.

ownership
Ownership
  • Sole ownership
    • estate in severalty
    • “severed” (separated) ownership
  • Tenants in common
    • undivided interests
    • no right of survivorship
tenants in common
Tenants in Common

One parcel of land;

Three owners with unity of possession

A

B

C

What happens if C dies?

A

B

C’s heirs

ownership1
Ownership
  • Joint tenancy
    • unities of time, title, interest, and possession
    • right of survivorship
  • Tenancy by the entirety
  • Community Property
  • Right of survivorship
slide7

Joint Tenancy with Right of Survivorship

A

B

C

One parcel of land;

Three owners, four unities (PITT):

Possession, Interest, Time, Title

C

If C dies?

A

B

community property
Community Property
  • Community Property
    • Property acquired after marriage
  • Separate Property
    • Property acquired prior to marriage
    • Acquired by gift
    • Acquired by separate funds
    • By written agreement
ownership2
Ownership
  • Partnership
    • general
    • Limited
    • Limited liability
    • joint venture
  • Corporation
    • subchapter S
  • Trusts
key terms
Key Terms
  • Association
  • Community property
  • Estate in severalty
  • Financial liability
  • Joint tenancy
  • Joint venture
  • Limited Liability Company
  • Partnership
  • Right of survivorship
  • Tenants in common
  • Undivided interest