Unit 5

To define property is thus to represent boundaries between people, equally, it is to articulate at least one set of conscious ecological boundaries between people and things. The property relation is triadic: ‘A owns B against C’, where C represents all other individuals. Yes, European colonists have a strong concept of land ownership. They believed that there exists two ways of owning land, one natural, and one

Real estate is a legal term that includes land along with anything permanently affixed to the land such as buildings, fences and things attached to the buildings, such as plumbing, heating, and light fixtures. The properties not affixed are regarded as personal property.

I was listening to this National U pep squad 2014 UAAP Cheer dance Competition. It made me think of how the process of real estate is. The tribal music is like following a specific pattern. The same with real estate, there’s a flow that you have to follow; sometimes it goes crazy scrambled with all information and documents that you have to complete, like this music. But there’s a step by step instruction that you have to follow every step is important, if you miss one process it will not be completed, like the beat. If you miss one component it will not sound good as it does now. But just to do a recap on our lessons, what is real estate? It describes both the physical property and the right attached to it. Do you happen to remember the rights

As a tenant Sam has the right to privacy, to complain to government agencies if housing laws are being violated by the landlord or if the landlord retaliates against him for filing complaints, to have repairs done in a timely manner (30 days typically) and to escrow rent if this does not happen. Sam’s obligations as a ten-ant include but are not limited to: keeping the premises safe and free from hazards, not disturbing or disrupting his neighbors (quite enjoyment), and allowing the landlord access to the home if given the standard 24 hour notice. Sam’s landlord has the right to set rent costs at any amount he chooses, evict the tenant for breaking significant terms of the lease, and expect the property to be returned in good condition, except for normal wear and tear. The landlord has the obligations to make all repairs to keep the unit safe and hazard free, give written notice of intent before filing and eviction notice (3 days for nonpayment - 30 days for violations and allow the tenant to fix the violation), and not abuse the right to enter the tenants home. Landlord and tenant.

The term real estate is considered synonymous with real property. But sometimes, in certain situations the term refers to land along with its fixtures while the term real property refers to the ownership of land along with all that is adjunct with it that is of permanent nature such as trees, structures, minerals and the benefits, inherent rights and interests

(1) The properties that A and B transferred satisfies the definition of property under IRC section 351. Under the definition, property includes cash, inventory, equipment, real estate, patents, or other intangibles such as goodwill or know-how. The prototype transferred by B belongs to know-how while A transferred cash directly.

Some tenants also may destroy the premise which is very costly, and in case the responsibility of taking care of such expenses is not spelt out, it may be a major cause of conflict. Unpaid bills are also another source of concerns.

Some of his /her rights are; receiving the rent agreed upon, as well as implementing all the agreements in which the tenant agreed upon. The property owner has the right to have the possession of the property or premises, upon the expiration of the lease. He or she has the right to expect/require the tenant to handle the rented premises in a manner that would not destroy the property. Some of the landlord’s responsibilities or regulations include; ensuring that he or she abides to all the agreements that they both entered or agreed on. To offer security and ensure the tenant is safe from disturbances and evictions by strangers. The landlord is also bounded by his or her express covenant to refurbish and maintain the property, unless he or she agreed with the tenant not to be responsible for such occurrences (Brown et al. 2015).

Titled property can be kept out of probate by establishing joint ownership. When real estate or motor vehicles have joint titles, the property automatically transfers to the co-owner. When joint ownership is with a person other than your spouse, you might need to establish Joint Tenancy with Rights of

Property rights detail what one is able and not able to do with a particular asset. They are a package of rights that include the power to consume, to obtain income from, and to alienate assets, including land, capital, and labor. The state, groups, and individuals as well may exercise rights

Real property and personal property holders have the several rights in common because they both can control and manage the property, they can use it or discard it. Both owners can sell or give it away as gifts. They can withdraw or discard it as well. Although, a real property owner could be more complicated in several ways than a personal property. A Real estate might come from heritage with several beneficiaries with a life estate. Though, private property is different because a realty has two other aspects that personal property does not hold. A land is permanent and cannot be destroyed while using it. Connecticut recognized adverse when a person openly, visibly occupy a land for continuously fifteen years. However, if the owner is legally

In terms of land, one takes possession of land by improving it. It is owned to

Locke uses the term 'property'…to connote that something is one's own, either inclusively or exclusively. That is, anything which is in any sense one's own is one's property. This seems to be the conventional seventeenth-century use of the term (Tully 112).

Responsibility in utilizing personal property, as a Christian should following a moderate approach that considers ways that are holy, just, and loving, explains Hill (2008). Hill defines “personal property involves the assumption of, development, and ownership of a natural resources” (2008, p.233). The difficulty in dealing with ethics toward property is the immaturely nature in which modern property is becoming. As explained by Hill, primeval property was physical however property as defined in today’s culture is intangible (2008). Addressing the spiritual and moral dilemmas that property brings can be difficult.

In British utilization, in any case, "genuine property", frequently abbreviated to simply "property", alludes rather to land and apparatuses in that capacity while the expression "land" is utilized generally with regards to probate law, and means all premiums in land held by a perished individual at death barring premiums in cash emerging under a trust available to be purchased of or charged ashore.