Ownership Lesson Two.

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Presentation transcript:

Ownership Lesson Two

Learning Objectives Understand Ownership Interests in Real Property. Know Forms of Ownership.

Interests in Real Property Fee Simple Absolute Estate Fee Simple Conditional Life Estates

Forms of Ownership Ownership in Severalty Tenancy in Common (Inherited) Joint Tenancy (Right of Survivorship)

Tenancy in Common (Inherited) Strawberry Farm Joint Tenancy Survivorship Strawberry Factory

Husband & Wife Poor Man’s Will (Joint Tenancy) (Survivorship) Poor Man’s Will

Child + Wife (Tenancy in Common) Husband & Wife (Joint Tenancy) Child + Wife (Tenancy in Common)

Community Property Tenancy by the Entirety Owning in Marriage Community Property Tenancy by the Entirety

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