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What does fructus industriales mean? Give examples. Are they transferred with property?
- Property Ownership Flashcards
A purchaser of real estate learns that his ownership rights...
- Property Ownership Flashcards
Study with Quizlet and memorize flashcards containing terms like What are the 5 points included in the 'bundle of legal rights'?, Definition of appurtenance:, Define fructus naturales and more.
Study with Quizlet and memorize flashcards containing terms like What is the definition of Real Property?, What is the definition of Personal Property?, What is chattel? and more.
All ownership is with the grantee who holds a defeasible fee subject to the condition. The original grantor does have a right to regain the property if the condition is violated. That future right or interest of the grantor is called a reversionary interest, an estate in reversion or a reversionary estate.) 14. Q.
A concurrent form of ownership in which each owner holds an undivided interest in the real property. Ownership interests can be unequal and the right of survivorship is not allowed.
A purchaser of real estate learns that his ownership rights could continue forever and that no other person claims to be the owner or has any ownership control over the property. This person owns a fee simple interest.
In real estate, the term "ownership interest" refers to the rights afforded to a single property owner or multiple property owners. These rights generally mean that you are able to use the property as you see fit, within acceptable boundaries.
