Table of Contents
Preface xv
Chapter 1 Estates in Land and Future Interests 1
Learning Objectives 1
Chapter Outline 2
Chapter Overview 2
Classifications of Estates 3
Freeholds 3
Life Estates 11
Leaseholds 12
Future Interests 13
Classifications 13
The Rule Against Perpetuities 15
Practical Tips 17
Chapter Review 18
Ethical Concern 18
Key Terms 19
Exercises 19
Situational Analysis 20
Edited Cases 20
Additional Case Analysis 31
Quick Quiz 31
Chapter 2 Rights Incident to Titles in Realty 33
Learning Objectives 33
Chapter Outline 34
Chapter Overview 34
Adverse Possession 35
Surface Rights 38
Water Rights 40
Nuisance 42
Fixtures 43
Waste 45
Emblements 47
Practical Tips 47
Chapter Review 48
Ethical Concern 48
Key Terms 48
Exercises 49
Situational Analysis 49
Edited Cases 49
Additional Case Analysis 63
Quick Quiz 63
Chapter 3 Land Use 65
Learning Objectives 65
Chapter Outline 66
Chapter Overview 66
Covenants 67
Easements 70
Licenses 73
Duty of Care 74
Zoning 75
Practical Tips 79
Chapter Review 80
Ethical Concern 81
Key Terms 81
Exercises 81
Situational Analysis 81
Edited Cases 82
Additional Case Analysis 89
Quick Quiz 90
Chapter 4 Conveyancing 91
Learning Objectives 91
Chapter Outline 92
Chapter Overview 93
Contracts for the Sale of Realty 94
Land Sales Contracts 94
Deeds 104
General Warranty Deed 106
Special Warranty Deed 107
Quitclaim Deed 107
Mortgages 108
Sub-prime Mortgages and the Credit Crunch 112
Priorities and Recording Statutes 113
Practical Tips 114
Chapter Review 115
Ethical Concern 115
Key Terms 116
Exercises 117
Situational Analysis 117
Edited Cases 117
Additional Case Analysis 133
Quick Quiz 133
Chapter 5 Real Estate Closing Procedures 147
Learning Objectives 147
Chapter Outline 148
Chapter Overview 148
Between the Contract of Sale and the Closing Date 149
The Purchaser 149
The Seller 154
The Closing 159
Post-Closing Procedures 160
Practical Tips 160
Chapter Review 161
Ethical Concern 161
Key Terms 161
Exercises 161
Situational Analysis 162
Edited Cases 162
Additional Case Analysis 183
Quick Quiz 184
Chapter 6 Condominiums, Cooperatives, and Commercial Property 185
Learning Objectives 185
Chapter Outline 185
Chapter Overview 186
Condominiums 186
Cooperatives 188
Condops 189
Commercial Property 189
Practical Tips 190
Chapter Review 191
Ethical Concern 191
Key Terms 191
Exercises 192
Situational Analysis 192
Edited Cases 192
Additional Case Analysis 198
Quick Quiz 198
Chapter 7 Landlord-Tenant Law 215
Learning Objectives 215
Chapter Outline 216
Chapter Overview 216
The Lease 217
Tenants' Duties 220
Landlord's Duties 222
Assignments and Subleases 223
Practical Tips 224
Chapter Review 225
Ethical Concern 225
Key Terms 225
Exercises 226
Situational Analysis 226
Edited Cases 226
Additional Case Analysis 237
Quick Quiz 238
Chapter 8 Personal Property 245
Learning Objectives 245
Chapter Outline 246
Chapter Overview 246
Categories of Personal Property 247
General Tangibles 247
Intangibles 248
Methods of Transferring Personal Property 250
Gifts 250
Bailments 251
Common Carriers and Innkeepers 253
Other Issues 254
Accession 254
Confusion 255
Practical Tips 255
Chapter Review 256
Ethical Concern 256
Key Terms 256
Exercises 257
Situational Analysis 257
Edited Cases 257
Additional Case Analysis 265
Quick Quiz 266
Appendix: Answers to the Quick Quizzes 267
Glossary 269
Index 277
