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“The children of our assumptions are named success and failure” Chapter 7 Interests in Real Estate.

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Presentation on theme: "“The children of our assumptions are named success and failure” Chapter 7 Interests in Real Estate."— Presentation transcript:

1 “The children of our assumptions are named success and failure” Chapter 7 Interests in Real Estate

2 Modern Real Estate Practice 17th Edition Government Powers (“PETE”)  Police Power  Eminent Domain  Taxation  Escheat

3 Modern Real Estate Practice 17th Edition Leasehold Estates  Estate for years  Estate from period to period  Estates at will  Estates at sufferance

4 Modern Real Estate Practice 17th Edition Freehold Estates  Fee simple absolute  Fee simple defeasible  Fee simple determinable  Conventional life estate  Pur autre vie  Remainder and reversion  Legal life estate  Dower and curtesy  Homestead

5 Modern Real Estate Practice 17th Edition

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8 Encumbrances  Liens  Deed restrictions  Easements  Appurtenant  In gross  Party wall  By Necessity, Prescription or Condemnation  Licenses  Encroachments

9 Modern Real Estate Practice 17th Edition

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11 Water Rights  Riparian rights  Littoral rights  Accretion, Erosion and Avulsion  Doctrine of Prior Appropriation

12 Modern Real Estate Practice 17th Edition

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