Chapters 28-30 - Kerry Bordelon Chapters 28, 29, & 30...

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Kerry Bordelon Chapter 28 deals with personal property and bailments. Property is divided into real property and personal property. Real property is land and everything permanently attached to it. Personal property is everything else. Personal property can be tangible or intangible. Intangible property is defined as rights and interests of a person. Property ownership is the set of rights to possess property and dispose of it by sale, lease, gift, etc. Fee simple occurs when an owner has all the rights to the property. The owner is free to do whatever they wish with the property while they are alive. When they die, the rights pass on to their heirs. Concurrent ownership is when two or more people share the rights of ownership of a piece of property. Tenancy in common and joint tenancy are the two different types of concurrent ownership. Tenancy in common is when each of the owners has an undivided interest in the property. Joint tenancy is when each owner has an undivided interest in the property as well as a deceased tenant’s heir that also has interest in the property. Chapter 29 deals with real property and landlord-tenant law.
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Chapters 28-30 - Kerry Bordelon Chapters 28, 29, & 30...

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