1. Law for Business and Personal Use © South-Western, a part of Cengage Learning Ownership and Leasing of Real Property Chapter 17 Ownership and Leasing of Real Property 17-1 17-1Ownership and Transfer of Real Property

2. Law for Business and Personal Use © South-Western, a part of Cengage Learning 17-1 17-1Ownership and Transfer of Real Property GOALS Understand both the rights and limitations associated with ownership of real property Identify the forms of ownership and how they are transferred

3. Law for Business and Personal Use © South-Western, a part of Cengage Learning RIGHTS AND LIMITATIONS OF REAL PROPERTY OWNERSHIP List and define all 4 real property rights: Continued on the next slide

4. Law for Business and Personal Use © South-Western, a part of Cengage Learning Your Opinion… Dan planted an apple tree just a foot from the boundary of this land. As the tree grew, its limbs extended over the boundary and onto his neighbor’s land. Each fall, apples would fall – some on Dan’s land, and some on his neighbor’s. One day, Dan noticed that his neighbor had cut off the limbs that hang over onto his property. Dan summoned the police and accused his neighbor of destruction of property and vandalism. In your opinion, was Dan correct in his accusations?

5. Law for Business and Personal Use © South-Western, a part of Cengage Learning RIGHTS AND LIMITATIONS OF REAL PROPERTY OWNERSHIP List and define all 4 limitations on ownership:

6. Law for Business and Personal Use © South-Western, a part of Cengage Learning EASEMENTS: List and define the 4 types of easements:

7. Law for Business and Personal Use © South-Western, a part of Cengage Learning DUTIES OWED TO ENTRANTS ON LAND: List and define the 3 certain tort duties to others who come on their land:

8. Law for Business and Personal Use © South-Western, a part of Cengage Learning List four potential limitations on the ownership rights of real property:

9. Law for Business and Personal Use © South-Western, a part of Cengage Learning Why is it a good idea to keep sidewalks free of hazards, such as ice and snow?

10. Law for Business and Personal Use © South-Western, a part of Cengage Learning OWNERSHIP FORMS AND THEIR TRANSFER List and define all 4 forms of real property ownership: Continued on the next slide

11. Law for Business and Personal Use © South-Western, a part of Cengage Learning OWNERSHIP FORMS AND THEIR TRANSFER List and define all 4 types of transfer of ownership:

12. Law for Business and Personal Use © South-Western, a part of Cengage Learning DEEDS: What are 3 principal warranties listed within a warranty deed?

13. Law for Business and Personal Use © South-Western, a part of Cengage Learning ADVERSE POSSESSION: List and define the 3 doctrines listed within adverse possession:

14. Law for Business and Personal Use © South-Western, a part of Cengage Learning Name the four major types of estates in real property:

15. Law for Business and Personal Use © South-Western, a part of Cengage Learning Please watch this extremely exciting video on easements: https://www.youtube.com/watch?v =YWlAXWb6TuQ

16. Law for Business and Personal Use © South-Western, a part of Cengage Learning Read and answer Questions 13 – 17 found on Pp 306 under Think Critically About Evidence and enter your answers here: 13. 14. 15. 16. 17.

17. Law for Business and Personal Use © South-Western, a part of Cengage Learning Please watch another riveting video on adverse possessions: https://www.youtube.com/watch?v =PU9wmtj9WJY

18. Law for Business and Personal Use © South-Western, a part of Cengage Learning Please complete the vocab, concept, and goals review of “Section 17.1 Textbook Outline” found in Blended Schools – save, but do not upload.