Property Law Flashcards
Property
Types of property (2)
A relationship between people wrt things
Real = Land or anything permanently attached to land, is fixed and not moveable
Personal = anything that isn’t real property, can be tangible or intangible
Types of possessory interests in land (3)
Fee simple = greatest private interest person can have in real property, ownership
Life estate = rarely used, person can live on the land for their lifetime only and after death the land is transferred to another person, used in estate planning
Leasehold estate = Interests in real property limited to specific time period, after which possession of land reverts back to owner, can be residential or commercial, created by lease agreement
Non possessory interests in land (5)
Easement = gives person right to use portion of another’s land for specific purpose
- ex Canada post entering property to deliver mail
Right of war = allows person to cross another’s land to get somewhere
- ex shared driveway
License = allows person to use another’s land for profit
- ex gold course on municipally owned land
Restrictive covenant = promise that prevents party from specific action on the land
Mortgage = gives holder right to take possession of real property if debtor defaults
Joint tenancy
Tenants in common
Join tenancy = 2 or more people own equal shares in 1 parcel of real property, when one dies the other inherits their interest
Tenants in common = don’t have equal share and there is no right of survivorship, dead tenant’s interests go to their heirs
Mediums for transfer/registration of land interests (4)
Provincial land registry system (outdated)
Contractual agreements for purchase and sale of property
Electronic land titles system
Title insurance
Condominium
Combination of fee simple (apartment unit) and co ownership (common area such as lobby)
Cooperative housing
Not for profit
Members don’t own their units, pay for property maintenance
Members vote on how co-op is run
Cost is usually much lower
What things are limited in residential tenancies (6)
Deposits Rent increases Discrimination Dispute resolution Termination and eviction Landlord's right of distress
Basic terms that a commercial lease will cover (7)
Basic rent and additional rent Gross vs net leases Permitted use of premises Rights of renewal Assignment and sublease Term and termination Remedies for breach
Lockmac Holdings Ltd v Earle
About: land interests, personal covenants
Plaintiff claimed that a restrictive covenant didn’t run with the land (dies with original vendor) (contract law)
Court agreed that personal covenants are enforceable only by/against original parties to the deed, not tied to the building scheme
Covenants that run with the land can be enforced by/against subsequent owners (property law)
If parties intended for the restrictions to run with the land, the land must be clearly defined
Woolworth v Hudson’s Bay
About: restrictive covenants
Restrictive covenants will run with the land when the covenant is expressly stated to run, or when the land is part of a common building scheme
Peters v Peters
About: land interests
Court held that 2/3 brothers’ application for sale of property jointly owned with 3rd brother wasn’t for vexing/oppressive reasons, but because of their inability to operate as joint owners
Court ordered sale of property
Semelhago v Paramadevan
About: land interests and specific performance
Awarded plaintiff damages for breach of contract relating to house sale
Rejected traditional view that specific performance is a is a remedy for breach of contract wrt land because every piece of land is unique, since in modern real estate properties are often mass produced
Rules about personal property (2)
If personal property is permanently affixed to real property, they become real property
Finders keepers: finders have good title against everyone except the true owner, unless the goods are lost on private property
Bailment
When one person (bailee) has possession of goods that belong to someone else (bailor)
If something happens to the goods during bailment, the bailee is usually responsible
- standard of care expected will be influenced by value/nature of goods, whether bailment benefitted bailee or bailor, and terms of contract
