Chapter37slides

Chapter37slides - 7:30-11:00am tomorrow ...

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Unformatted text preview: 7:30-11:00am tomorrow  Q&A, 2:00-3:00 tomorrow Koelbel S233 NO EXAM TIPS  50 m/c questions  Not designed as comprehensive  EXAM STARTS AT 7:30 Real Property and Landlord Tenant Law Land and buildings and other things permanently attached All else is personal property Gray area is fixtures  Air rights and subsurface rights Included, but can be sold separately In the west, water rights issues Water and Air rights (colorado river) Colorado leads and law practices  Used to be a better investment Personal property that has become attached to real property such that it has become part of the real estate  Usually does not include basic building materials  Examples: building materials--chairs, not necessarily tables or piano  Intent when attached  Hard to know, so often ask, is the real estate damaged if it removed?  Also: Who attached? Owner vs. renter  Practical tip: In real estate transaction specify what is and is not included so dont have to rely on if it is a fixture.  Past vs. presentprove indirectly  Attach-er attaches personal property do they intend to be a permanent part of the building---  Who, how is it attached, if taken out, does it damage builging, how essential is fixture  Intent! Real Estate Ownership can be split in many ways...
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Chapter37slides - 7:30-11:00am tomorrow ...

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