Property Law

• Property Law

  Governs the various forms of ownership in real and personal property.

  1. Real Property: Land and things attached to it.
  2. Personal Property: Personal belongings.
• A person who owns real property is referred to as what?

  A person who owns real property is referred to as a "fee simple owner."
• What is a lease?

  A term for fee simple owners who enact a contractual agreement between them (now they are called a landlord) and their tenant.
• What are two examples of personal property and what do they govern?

  1. The Law of Wills: A sector of property law that deals with the inheritance of property to an individual from the person who passed on.
  2. Intellectual Property: Deals with protests, copyright, trademarks.