Real Property

1
Real Property

• Creation of Interests

2
How Interests can be Created

• Gift (e.g., I give you my land)
• Contract (e.g., buy/sell house)
• Use (adverse possession)
• Also through wills/estates other ways (a little)

3
Gifts The Elements

• (1)
• (2)
• (3)

4
Gift Element (1)

• Whats required?
• Met here? Why?

• What if

5
Gift Element (2)

• Whats required?
• Whats the rule about land deeds and this
  element?
• Met here? Why?

6
Gift Element (3)

• Whats required?
• Met here? Why?

7
By Contract (Purchase Sale Ks)

• Calvin (71)
• When an owner agrees to sell a piece of land in
  the future, what interest does it immediately
  create in the buyer? What interest does the
  seller retain?
• Why did that matter here?