CHAPTER 12: PROPERTY: REAL PROPERTY, LEASES, AND MORTGAGES

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CHAPTER 12 PROPERTY REAL PROPERTY, LEASES, AND
MORTGAGES
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CHAPTER 12 REAL PROPERTY, LEASES, AND MORTGAGES

• Learning Objectives
• Types of Real Property Ownership Interests
• Methods of Acquiring Title
• Real Property Leases
• Real Property Security
• Mortgage
• Deed of Trust

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TYPES OF REAL PROPERTY INTERESTS

• Theory Bundle of Rights
• Ownership Interests
• Fee Simple Absolute
• Life Estate
• Remainders and Reversions
• Types
• Responsibilities

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TYPES OF REAL PROPERTY INTERESTS

• Use of Real Property
• Easements
• Licenses
• Multi-Party Ownership
• Tenancy in Common
• Joint Tenancy
• Community Property/Tenancy by the Entirety
• Ownership Restrictions

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ACQUIRING TITLE

• Original Entry
• Transfer by Deed
• Basic Principles
• Types of Deeds
• Warranty Deed
• Grant Deed
• Bargain and Sale Deed
• Quitclaim Deed
• Adverse Possession
• Will or Intestate Possession

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LEASES OF REAL PROPERTY

• Nature of a Lease
• Classifications
• State Period
• Period to Period
• At Will
• At Sufferance

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LEASES OF REAL PROPERTY

• Tenant Rights and Duties
• Landlord
• Rights
• Duties
• Special Case Warranty of Habitability

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REAL PROPERTY AS SECURITY

1. Basic Aspects
2. Right and Duties of the Parties
3. Alternative Deed of Trust
4. Foreclosure
5. Priority as to Proceeds

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CHAPTER 12 REAL PROPERTY, LEASES, AND MORTGAGES