Chapter 7: Property Estates and Recording

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Chapter 7 Property Estates and Recording

• Lecture Outline

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Origin of California Land Ownership

• Property
• Real property
• Personal property
• Chattels real
• Fructus industriales
• Mineral, oil and gas rights fixtures
• Trade fixtures
• Mobile homes

3
Degree of Ownership

• Fee simple or fee simple absolute
• Defeasible estates
• Restraints against alienation
• Life estates
• Rule against perpetuities
• Freehold and nonfreehold estates
• Concurrent estates
• Successive estates

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Rewarding of Real Property Interests

• Acknowledgment
• Constructive notice
• Actual notice
• Priority
• Notice
• Failure to record
• Documents recordable without owners consent
• Defective recording
• The recording process
• Change of ownership