Property Flashcards
Generic term for piece of real property
Blackacre
Real Property
Land/Real Estate
Personal Property
Anything that is not RP
Conquest
Taking P by Force
Conquest Outcomes
Rewards Violence and gives P owners less incentive to improve P.
Discovery
First person to take possession of P is the owner
Law of Finders
Once a finder possesses P, they have a better claim than any other subsequent possessor, except the true owner.
CL Possession of Unowned Things
First to Possess (First in Time = First in Right)
Constructive Possession
you have possession of things that are on your land (killed animals).
Rule of Escape
when an animal escapes back into its habitat after capture, possession rights are void.
Rule of Return
animals with a habit of return (such as dogs), still belong to their owners, even when they roam.
Locke on P:
People should own their own labors and thus their own bodys, the source of their labor (13A).
I”t is self-evident that people own their own bodies.”
Tragedy of the Commons
Individuals act independently in their own self-interest, ultimately destroying shared (open access) resources.
Right to Exclude
Owning property is having the power to keep other people away from what’s yours
Right to Exclude Exception
Necessity Exception: If you need to trespass, you’ll still be liable for any harm done to the property but will not be liable for any nominal or punitive damages.
When an owner leaves instructions in their will to the successor that violates public policy can a court disallow, or void the instructions?
Yes
Alienability
allows people to sell what they no longer need or want to another person who might find it highly convenient.
Adverse Possession
enables a non-owner to gain title to land (or personal property) after the expiration of the statute of limitations for the owner to recover possession.
The basic idea is this: if a stranger uses your land for a long time and you don’t complain, the land becomes theirs.
Adverse Possession Elements
Continuous – the adverse possessor must occupy as continuously as a reasonable owner would, given the nature, character, and location of the property
Hostile – the adverse possessor does not have the true owner’s consent (you cannot have permission)
Actual – the adverse possessor must use the land in the same manner as a reasonable owner would, given the nature, character, and location of the property
Notorious (and Open) - visible and obvious (ex: 1000 acres v. 15 inches)
Claim of Right - (1) some states say there are no mental requirements for the adverse possessor, (2) some states say the adverse possessor can only claim possession if they think you own the property (good faith), (3) only a couple of states say the adverse possessor can only claim possession if they did not think they owned the property (bad faith)
Exclusive – the adverse possessor cannot share the land with the true owner, unrelated third parties, or the public in general
Statute of Limitations – different in every state
Adverse possession cases normally arise in two kinds of situations:
(1) Oftentimes, the adverse possessor will bring a “quiet title” lawsuit to confirm his ownership.
In a quiet title lawsuit, the court publicly confirms who owns a disputed piece of property, quieting the claims of the other party.
(2) Adverse possession can also be raised as a defense to an ejectment action or trespass case.
That title transfers as soon as someone meets the requirements for adverse possession – the lawsuits just recognize and confirm the facts on the ground.
Color of Title
A deed that is defective due to a lack of title. (Claim based on a piece of paper, even if that paper is fake or wrong).
The benefits conferred by color of title only accrue if no one else is occupying the land described by the (defective) deed.
Color of Title does 2 Things:
(1) Reduces the statute of limitations in many states (cuts it in half – 15 years to 7 ½ years)
(2) Allows you to claim all the property that the deed states through constructive adverse possession.
Constructive Adverse Possession
if the adverse possessor meets the AP requirements for one point of the land, for the reduced (half of the statute of limitations) number of years, the adverse possessor gets the entirety of the land stated in the deed.
Quiet Title Lawsuit
a lawsuit asking the court to who owns the land.