Chapter 8: Ownership of Real Property

1
Chapter 8 Ownership of Real Property

• Lecture Outline

2
Ownership in Severalty

• Tenancy in Common
• Joint Tenancy
• Termination of joint tenancy

3
Community Property

• Exclusions
• Domestic partnerships
• Premarital and marital agreements
• Community property rules
• Community property with right of survivorship

4
Tenancy in Partnership

• Fictitious name
• Taxation of partnerships
• Termination of partnerships
• Joint ventures
• Limited partnerships
• Syndicates
• Trusts

5
Real Estate Investment Trusts

• Corporations
• Foreign corporations
• S corporations
• Limited liability companies
• Unincorporated Associations

6
Multiple Housing Developments

• Condominiums
• Stock cooperatives
• Community apartment projects
• Planned developments
• Time-sharing projects
• Sale of units

7
Owner Liability

• Hazardous substances disclosure