Real Estate Law Week 1 Ind wrk Research Paper Example | Topics and Well Written Essays - 250 words

Real Estate Law workweek 1 Ind wrk - Research Paper ExampleThis is because, unlike personal property which is essentially, movable items which are not part of the land, real property refers to land and the things that are permanently affixed to that land. In this regard, notice that tear down if you should intend to share the land upon which the endure rests, neither will unseat the house from the land, nor can you dispense the house minus the land.In another wavelength, it is imperative that you determine the type of real property possession your house will be under. There is life estate where the right to possess, access and use this house will be limited to the proprietors (the Daryls) lifetime. In this case, the Darryls may give or sell away the property, later. The family can as well resort to free simple which is outright ownership. There is also prospective interest where the family can seek the right to won the house sometime in future. The Darryls may also consider co ntingent interest or quick temperholder where ownership is comes into existence only where specific conditions are fulfilled, or where the Darryls as the holder of a mortgage, judgment lien, deed of trust or mechanics lien on real estate take ownership interest in the real property, respectively (Elias,