1.2 - Estates and Interests in Land Flashcards

Estates and Interests in Land

1
Q

what are the 2 types of crown land?

A

freehold & leasehold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

what is freehold land?

A

do as you wish
lifetime ownership
can be inherited

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

what is leasehold land?

A

includes First Nations land
city owned and federal land

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

what are the rights of a life estate?

A

to use and occupy
to receive revenue

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

what are the obligations of the life estate?

A

yearly operational expenses
waste
paying interest on the mortgage (not principal or insurance premiums)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

what is estate pur autre vie?

A

Lives in house that is left to someone in will, but has to vacate when that person dies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

what are the 3 common law wastes & what is the 4th category of waste?

A

voluntary
permissive
ameliorating
equitable

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

what is voluntary waste?

A

direct, positive acts that result in damage to property beyond the use to which a life tenant is entitled. life tenant liable to remainderman/reversioner for this waste. I.e. demolishing separate garage on property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

what is permissive waste?

A

allowing property to deteriorate
no obligation to repair/compensate for permissive waste (i.e. not maintaining roof, letting it deteriorate)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

what is ameliorating waste?

A

direct, positive acts that improve the property. life tenant is liable, but no damages usually awarded bc property is improved. (i.e. constructing a deck)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

what is equitable waste?

A

destroying the property (burning the house down)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is the penalty for waste?

A

usually states that not liable for common law waste (VPA), but liable for equitable waste

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

what is a fixture?

A

affixed to enhance the land
goes with the land
will belong to the purchaser
ex: tree

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

what is a chattel

A

affixed for enjoyment of the item
excluded from the purchase price and can be removed
remain the personal property of the seller
ex: chandelier

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

do you own air space, subsurface, or water rights of property?

A

air - yes
subsurface (claims to mined materials) - no
water rights - no

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

what is an easement?

A

the right to use a particular area of land for a particular purpose, with dominant and servient tenement. shows up as a charge against title.

17
Q

what receives the benefit of an easement?

A

the land, NOT the owner

18
Q

3 requirements for easement?

A
  1. dominant and servant tenement
  2. easement must accommodate dominant tenement
  3. there must be set boundaries (don’t have to be adjacent unless statutory rights of way)
19
Q

how are easements formed and released?

A

created: statute, document, implication of law, prescription (not in BC)
released: express agreement between both tenements, application under property law act

20
Q

what is a restrictive covenant?

A

imposes restriction on the use of 1 person’s land for the benefit of another - negative in nature cause can’t do something

21
Q

what is the difference between covenantee and covenantor?

A

covenantee imposes restriction, covenanter agrees to be bound by it

22
Q

5 essential requirements for restrictive covenant?

A
  1. negative in nature (CAN’T)
  2. benefits covenantee in some way
  3. benefited and burdened land must be identified in agreement that creates restrictive covenant
  4. binds to the land (doesn’t benefit just current owner but future ones)
  5. if original covenantor (burdened) assigns their land, has to inform owner
23
Q

what is the main difference between positive and restrictive covenants?

A

restrictive run with the land, positive don’t

24
Q

what is a profits a prendre?

A

to enter the land of another for profit (I.e. fish/hunt)
may have dominant and servient lot

25
Q

what is a building scheme?

A

a group of restrictive covenants on 2 or more lots in a subdivision to maintain uniformity - runs with the land, but everyone has to get their title from the same vendor initially

26
Q

what are the 3 basic requirements of a building scheme?

A
  1. obligations must be negative in nature
  2. must be land that is benefitted and burdened
  3. title to the land affected by the covenant must be registered under the land title act
27
Q

what differs a license from an easement?

A

license cannot be registered. its a contractual right/privilege to do something, and doesn’t run with the land

28
Q

what are the 2 types of co ownership?

A

joint tenancy
tenants in common

29
Q

what is joint tenancy?

A

2 or more people hold an undivided estate/interest in a property. when 1 person dies, survivor owns whole (right of survivorship)

30
Q

what are the 4 unities of joint tenancy?

A
  1. time: receive interests at the same time
  2. title: receive interests from same document
  3. interest: same interest (i.e. fee simple/ life estate/ leasehold/ half a fee simple)
  4. possession: entitled to possession of the whole of the estate (not just a portion of it separately)
31
Q

how to create a joint tenancy?

A

has to be expressly created, otherwise co-owners will be presumed to be tenants in common

32
Q

how to terminate joint tenancy (3 ways)?

A
  1. operation of law (joint tenant sells or mortgages their estate)
  2. partition by mutual agreement of joint tenants
  3. partition by a court order under the partition of property act
33
Q

what is a tenancy in common?

A

when 2 or more people hold estates or interests in a property and each has a separate share. each may sell or bequeath their interest. if die without selling it, interest passes as part of estate (doesn’t go to other person). can have different proportions of ownership (1/2, 1/4, 1/4)

34
Q

do you need consent from joint tenants/tenants in common to share your part of the estate?

A

no. can just sell it and it becomes joint tenancy with new buyer

35
Q

how do you end a tenancy in common (3 ways)?

A
  1. agreement between parties to sell one tenant’s interest to the other
  2. an agreement btwn the parties to sell the whole interest to a 3rd party
  3. a court order under the partition of property act
36
Q
A