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Law for Business

Law for Business. Mr. Bernstein Real Property: Transfer of Ownership and Others’ Rights in Your Land, pp 334-340 December 16, 2014. Law for Business Mr. Bernstein. Estates An estate is a bundle of rights in land Examples of estates: Fee Simple Absolute (transfers all ownership rights)

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Law for Business

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  1. Law for Business Mr. Bernstein Real Property: Transfer of Ownership and Others’ Rights in Your Land, pp 334-340 December 16, 2014

  2. Law for BusinessMr. Bernstein Estates An estate is a bundle of rights in land Examples of estates: Fee Simple Absolute (transfers all ownership rights) Conditional estate (must meet behavioral conditions) Life estate

  3. Law for BusinessMr. Bernstein Transferring Ownership of Real Property The deed establishes which estates are conveyed, or transferred Warranty deed insures seller has legal ability to transfer ownership without encumbrances or superior title Real Property may also be inherited Squatter’s Rights and Adverse Possession Dedication or Eminent Domain

  4. Law for BusinessMr. Bernstein Others’ Rights in your Real Property Easements – irrevocable right to some limited use (ie driveway across another property) Restrictive Covenants – may or may not run with the land Zoning Ordinances and Variances Liens – voluntary (ie mortgage) and involuntary (ie tax lien)

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