ownership content Flashcards
1
Q
ownership
A
- most complete RR
- nemo plus
- within boundaries of the law
2
Q
what does complete mean
A
- all proprietary rights to a thing
3
Q
what do the entitlements do
A
- power to do something in relation to property
- dont need all entitlements at same time
4
Q
what are the most common
A
- use
- control
- alienate + encumber
- vindicate
- destroy
5
Q
explain individual title
A
- ownership vests in on person
- sum total of entitlements to the property
- impacted by legislative measures i.e land reform
6
Q
co ownership at common law
A
- more than 1 person owns the same prop
- free and bound
- movable/immovable property
- undivided share reflects interests
- actual land cannnot be burdened
7
Q
free co ownership
A
- no underlying legal relationship
- can alienate/burden undivided share
- terminate unilaterally
- exercise not dependant on underlying relationship
8
Q
bound co ownership
A
- underlying legal relationship
- marriage icop
- determines how ownership is exercised
- no burden/alienate undivided share
- no terminate unilaterally
9
Q
explain undivided share
A
- not same as commonly owned prop
- reflects co owners interests
- can generally do as they please
- use agreement
- successor in title not automatically bound
10
Q
explain common property
A
- may not deal with as please
- legal acts performed together
- decide on use
- use must be reasonable
- may not change/ alter/ grant rights to 3rd parties
11
Q
actio communi dividundo
A
- co ownership deteriorated
- division of prop
- calculation of loss and expenses
- ends legal relationship
- last resort, should attempt to reach agreement themselves
12
Q
sectional title
A
- ownership of sep units or sections
- in complex develop.
- own a section + undivided share of common prop
- body corporate manages
13
Q
shareblock
A
- own block of shares in company
- entitles use to part of building
- company owns immovable prop not individual
14
Q
time share
A
- recreational use of property
- different people use property at different times of year
- i.e for accommodation purposes
15
Q
Retirement
A
- housing needs of retired/about to retire
- lump sum to obtain housing interest
- regular contributions to levy fund