Freeholds - Study guides, Revision notes & Summaries

NOTE TO READER: These notes were created for the 22/23 semester of the LPC at BPP and using these alone I got a distinction grade. They are a compilation of lecture notes, SGS solutions, practice/mock/sample papers and previous student’s legacy notes. If you wish to use them, I would recommend using them as a skeleton as you go along the course and supplementing/cross-checking with the content you learn. These are by no means exhaustive and some areas may be missing and/or lacking. Regard...

clustering - examples: apparel stores in a mall or any business where customers like to comparison-shop raw land - land that does NOT include structures or any improvements role of government in real estate - - local govt has the most influence - state govt has the least effect - national govt also has significant impact how is the term "real estate" used? - 1. used to identify tangible assets of land/buildings 2. used to denote the bundle of rights associated w/ ownership of assets 3....

REE 3043 REVIEW TEST QUESTIONS WITH REVISED ANSWERS – UPDATED property right - Answer-lienholder can take possession of the property upon foreclosure and sell property to retire debt general liens - Answer-arise from events not merely related to property but for debts on a general account specific liens - Answer-arise specifically from ownership and use of property lien priority - Answer-who gets paid first from foreclosure sale proceeds tenants in common - Answer-each party own...

Introduction - correct answer - LRA provided system of regsitration of titles and not title to land. Can be more than one title to the same piece of land. - Title of land is registered rather than just charges against estate owners. All land is held under registered title 'as soon as practicable'. - Registered land includes freeholds or leasehold of over 7 years duration or left on assignment. Principles - - Mirror: all facts relevant to title are found on regis...

The early middle ages read Beowulf; what is it about? Com on wanre niht scriðan sceadugenga. Sceotend swæfon, þa þæt hornreced healdan scoldon, ealle buton anum. Þæt wæs yldum cuþ, þæt hie ne moste, þa Metod nolde, 1.Metod = God, creator, how can there be references to God? - ***A monk wrote it down and the story excited for a long time and it was told down by generation to generation till the monk wrote it down and he must have added some Christian elements. 2. This is a...

Structure on how to answer a question on freehold covenants- whether their benefit or burden runs in equity or at common law. Also remedies for breaches.

NOTE TO READER: These notes were created for the 22/23 semester of the LPC at BPP and using these alone I got a distinction grade. They are a compilation of lecture notes, SGS solutions, practice/mock/sample papers and previous student’s legacy notes. If you wish to use them, I would recommend using them as a skeleton as you go along the course and supplementing/cross-checking with the content you learn. These are by no means exhaustive and some areas may be missing and/or lacking. Regard...

MIE 305 Final Exam Review (Chapter 8) What do we mean by saying property is the ownership of a "bundle of rights"? - ANS Owners of property have certain rights that can be bundled. The amount of ownership one has is determined by the bundle of rights they posses. Property - ANS The acquisition of rights, vested in one or more persons, to possess something and use it to the exclusion of others What are the bundle of rights? - ANS Possession, control, enjoyme...

MIE 305 Final Exam Property - ANS (Black's Law Dictionary) is the acquisition of rights, vested in one or more persons, to possess something and use it to the exclusion of others. Freeholds or Fee Simple Absolute(Acquisition Rights) - ANS To hold the full bundle of rights in a property Leasehold (Acquisition Rights) - ANS To hold certain rights contractually in a property from the freehold Possession - ANS The property is legally owned (freehold) by whoever h...

MIE 305 Exam 3 Chapters 10-12 What is a fully-integrated agreement and how do you get one? - ANS A fully-integrated agreement is an agreement where both sides agree to no longer discuss or change the terms of the contract What do we mean by saying property is the ownership of a "bundle of rights?" - ANS Property is an umbrella term that includes multiple rights for that given property What are those rights? - ANS Possession, Control, Enjoyment, Exclusion, Dispos...