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Real property law - Coggle Diagram
Real property law
Leaseholds
In common-law jurisdictions leasehold interests in land are sometimes classified as personal property
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a licence
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generally for a shorter period of time, usually less than 12 months
if there is no exclusive possession of the property, then a licence is created
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Freehold estates
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types
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the estate pur autre vie
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measured by the life of someone other than the grantee (to whom an interest in the real property is conveyed by a grantor)
the fee simple
the most complete, unlimited form of freehold estate
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The Statute of Frauds
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require that deeds, real-estate sales contracts and certain leases be in writing to be legally enforceable