Ch19_3e - 19-1Copyright 2007 by Nelson, a division of...

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Unformatted text preview: 19-1Copyright 2007 by Nelson, a division of Thomson Canada Limited.CANADIAN BUSINESS CANADIAN BUSINESS AND THE LAWAND THE LAWThird EditionThird EditionbybyDorothy Duplessis Steven Enman Shannon OByrne Sally GunzPresentation prepared by Presentation prepared by Allan Elliott, Southern Alberta Institute of TechnologyAllan Elliott, Southern Alberta Institute of Technology19-2Copyright 2007 by Nelson, a division of Thomson Canada Limited.CHAPTER NINETEENCHAPTER NINETEENREAL PROPERTYREAL PROPERTYOBJECTIVES:The nature and ownership of real propertyThe various ways to acquire and transfer ownershipHow a mortgage worksThe rights and duties of landlords and tenants19-3Copyright 2007 by Nelson, a division of Thomson Canada Limited.OWNERSHIPOWNERSHIPREAL PROPERTYland or real estate including structures on the land, such as fences and buildingsfixtures tangible personal property that is attached to land, buildings, or other fixtures19-4Copyright 2007 by Nelson, a division of Thomson Canada Limited.OWNERSHIPOWNERSHIPFEE SIMPLEthe legal interest in real property that is closest to full ownershipDIVISION OF OWNERSHIPtenancy in common co-ownership whereby each owner of an undivided interest can dispose of that interestjoint tenancy co-ownership whereby the survivor inherits the undivided interest of the decease19-5Copyright 2007 by Nelson, a division of Thomson Canada Limited.LIMITS ON OWNERSHIPLIMITS ON OWNERSHIPLIMITSmunicipal governmentenvironmental regulationscommon law of nuisancevarious government agenciesforeign ownership of land may be limited by the government19-6Copyright 2007 by Nelson, a division of Thomson Canada Limited.Copyright 2007 by Nelson, a division of Thomson Canada Limited....
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Ch19_3e - 19-1Copyright 2007 by Nelson, a division of...

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