Skip to main content

Study Guide · 5 topics · 15 sections

Property Study Guide

Read through each topic, review key terms, and study the exam tips. Use the sidebar to jump between topics.

Ownership & Land Use

Property Ownership & Land Use Controls

Types of property, estates and ownership, and the public/private controls on land.

~8 min read·3 sections·4 key terms
house.fill

Real vs. Personal Property

REAL PROPERTY is land and everything permanently attached (buildings, fixtures) plus the bundle of legal rights that go with it. PERSONAL PROPERTY (chattel) is movable — not attached.

A FIXTURE is personal property that has become real property by being permanently attached. Tests for a fixture: method of attachment, adaptation to the property, and the intention of the party. Trade fixtures installed by a tenant for business usually remain personal property.

person.2.fill

Estates & Ownership

• FEE SIMPLE — the highest, most complete ownership; lasts indefinitely and is inheritable. • LIFE ESTATE — ownership for the duration of someone's life. • Ownership forms: SOLE ownership; JOINT TENANCY (equal shares with right of survivorship); TENANCY IN COMMON (unequal shares, no survivorship); and community property in some states.

Right of survivorship in joint tenancy means a deceased owner's share passes automatically to the surviving joint tenants, not to heirs.

building.columns.fill

Public & Private Controls

PUBLIC controls (government powers): the acronym PETE — • Police power (zoning, building codes) • Eminent domain (taking private land for public use with just compensation) • Taxation • Escheat (property reverts to the state when an owner dies with no heirs/will).

PRIVATE controls include deed restrictions, CC&Rs, and easements. An EASEMENT is the right to use another's land (e.g. a shared driveway); an ENCROACHMENT is an unauthorized intrusion onto a neighbor's land.

📖 Key Terms

Fee simple
The most complete form of ownership; indefinite and inheritable.
Joint tenancy
Equal ownership with the right of survivorship.
Eminent domain
Government's power to take private property for public use with just compensation.
Easement
A right to use another person's land for a specific purpose.

💡 Exam Tips

  • Fee simple is the highest, most complete form of ownership.
  • Joint tenancy = right of survivorship; tenancy in common = no survivorship.
  • Public powers = PETE: Police power, Eminent domain, Taxation, Escheat.
  • Easement = right to USE; encroachment = unauthorized INTRUSION.