Ch. 4 - Property Law Flashcards
Real Property
refers to land and anything attached to land (as long as it was considered an improvement)
Personal Property
all property other than real
Tangible personal property
(aka chattel, goods) property that has physical attributes. Owners can use, lease, rent, or sell. no registry for ownership.
Intangible personal Property
all personal property other than tangible
Intellectual Property
type of intangible personal property which is the expression of an idea in a variety of physical forms. if infringement occurs (when someone without consent does something that only the owner has a right to do), owner can seek remedies, possible penalties on infringing party. Includes:
1) copyright
2) patent
3) trademark
4) industrial design
5) integrated circuit topography
Property rights
1) use
2) sale
3) publication
4) reproduction
5) performance
6) exhibition
7) translation
8) dissemination
Ownership of Real Property in Canada
Federal/Provincial govts together own 89% of land in Canada, Provincial govts own 94% of land in BC
Fee Simple Right
an owner can do almost anything with the property. Bundle of rights:
1) Possession/using
2) selling
3) leasing
4) mortgaging
5) easement/ROW
6) restrictive covenant
7) license
8) profit a prendre
Joint tenants
two or more parties who each have an interest in real property, meaning that they own the right concurrently until one of them dies, at which point the remaining joint tenants automatically inhere the interest of the deceased
Tenancy in common
each of the right holders own a stated portion of the right, and if one of them dies the heirs of the deceased tenant in common inherit his or her interest.
Mines, Minerals, oil and gas, and air rights
generally not included in the fee simple right in Canadian Law. Prov and federal each hold some rights. For mines, minerals, oil and gas, the holder of subsurface rights needs access and a surface lease from the fee simple holder’s property to extract.
Lateral support
the land and buildings on a property will always have the same or greater support as when they were first built or purchased. A neighbor cannot undermine that support by digging and affecting the adjacent property.
Riparian Rights
provides rights to use water on or adjacent to a property. If tidal or navigable, owned by federal govt., if not, then has one or two right holders (owners)
Air rights
rights that extend above the physical property to a reasonable level above the property. Purpose is to prevent a neighbor from erecting a building that blocks all sunlight to the property. Sometimes include air space parcels so that different parties own different floors of a building.
Torrens system
a system run by the govt that creates and maintains certificates of title at land offices for every property. All real property rights are registered using this system in western provinces.