LEX210

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Real Property I

Objectives

Define basic Real Estate concepts, terminology, ownership interests and rights in real property.

Objectives

Distinguish between real versus personal property

Objectives

Evaluate methods of Acquiring Title, Spousal interest: dower/courtesy.

Objectives

Dsitinguish between Public and private land control, Determining ownership.

Objectives

Define Title Holders: individuals, co-tenants, and business entities.

Objectives

Explore Tax consequences and straw parties.

Objectives

Draft Offer to purchase contracts, Specific/common contract clauses, i.e. parties description, price.

Objectives

Explain when to apply Signatures and notarization.

Objectives

Summarize Additional clauses; existing building, new construction, commercial real estate.

Objectives

CAlculate ractice problems-completing offer to purchase.

Objectives

Sumamrize ther real estate contracts, Option contracts, Installment land contracts, Sale/leaseback agreement, Right of First Refusal.

Objectives

Define urveys and Legal Description, Reference and beginning points, Curves, Monuments, Subdivision plans, Metes and bounds.

Objectives

Explre Deeds, Elements of a deed--premises, habendum, and conclusion, Warranty Deeds; Warranties, Seisin, Right to Convey, Encumbrance, Quite Possession, Special Warranty Deed, Quit Claim Deed, Special Deeds, Sheriff Deed, Correction Deed, Commissioner's Deed, Condominium Deed, Timber and Mineral Deed.

Objectives

Title Abstracting, Marketability, Chain of Title, Title search, Conveyances and encumbrances, Torrens.

Objectives

Write Title Opinions, Form, Exceptions--standard and specific.

Objectives

Write Title Insurance, Coverage, Exceptions, Owners and Lenders Coverage, Cost