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Download McGraw-Hill's Real Estate Law for Paralegals by McGraw-Hill, Curriculum Technology PDF

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By McGraw-Hill, Curriculum Technology

Real property legislation for Paralegals offers scholars with a transparent, easy-to-understand, and intriguing textual content during which they are going to know about actual estate, own estate, and all the aspects inherent in actual property. The textual content encompasses a bankruptcy committed exclusively to actual property closings. the scholars have entry to various workouts, circumstances, and hands-on studying assignments (including pattern types) protecting issues starting from “Regulations and Encumbrances” to “Recording Statutes and Examinations.”

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Example text

The law recognizes two classifications of property: real and personal. Real property relates to land and those things that are more or less permanently attached to the land, such as homes, buildings, and trees. Real property is land, plants growing on the land, structures that are permanently affixed to the land, and mineral deposits that are contained below the land. Fixtures are items that are attached to the property. Real property is not movable. Personal property is all property that is not classified as real property.

14. 15. Partition Right of survivorship Separate property Severance Tenancy by the entirety Tenancy in common Tenancy in severalty Testamentary Time What is ownership in severalty? What is the most significant feature of a joint tenancy? What are the four unities required for a joint tenancy, and why are they important? How can a co-owner enforce his right of contribution? How is a tenancy in common different than a joint tenancy? What is partition? In tenancy by the entirety, how do the husband and wife take title?

Unity of time means that each ownership interest must have commenced and vested at the same time. Finally, unity of possession means that each joint tenant has a right to possess and enjoy the entire property and each holds the same undivided possession as the others. If any of the four “unities” is not present in a conveyance, the real property interest is not a joint tenancy with right of survivorship, but will be considered a tenancy in common. A joint tenancy with right of survivorship can be severed.

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