Exam 21: Interests in Land and Their Transfer

A geological survey of land owned by George in northern Ontario indicates that there are gold deposits under the soil,which makes the land very valuable.George approaches a mining company and agrees to let the company mine the gold for a very large sum of money.The agreement goes on to provide that the company will also pay George a portion of the value of gold extracted each year by the company.In this case,George and the company have entered into

Use the fact situation in Q6 to answer the related question that follows. If A uses the path for a period of at least 20 years,A will acquire

A owns a farm in rural Ontario,but lives in Toronto.B owns the farm right next to A's farm and earns his living as a farmer.If B enters into an agreement with A whereby B can plant and harvest crops on A's land,A has granted B

Unless someone has adverse possession,the law presumes an owner to be in possession of his or her property.

Which of the following can create an easement?

Tenancy in common and joint tenancy are distinguished by

A potential purchaser of land is often provided with a time period under the agreement of purchase and sale to search for information relating to the property.This has the effect of reducing the risks of receiving defective title.One of the sources of information that can be obtained or requisitioned is a survey.What is a survey,and why is it important for a purchaser to consider obtaining?

When is an owner's title to property extinguished?

Use this fact situation to answer the related questions that follow. Edward and John own residential lots of land in Ontario that are beside each other.The previous owners of the lots wanted to save themselves the cost of surveys and put up a fence on what they thought was the lot line between the two properties.Edward bought his lot in 1961,and from that time on began to landscape a 3 metre wide strip beside the fence; erecting a rock wall 3 metres from the fence; planting trees,shrubs,and flowers; and constructing a small fountain between the wall and the fence.In 1986,John purchased his lot and had a survey done,which disclosed that the fence had been placed 3.3 metres inside his lot,so John proceeded to move the fence back to the lot line and in the process destroyed all of the landscaping that Edward had done. Assuming that the property was in the land registry system,in this case

Two benefits of owning a condominium are absolute ownership and the sharing of all common expenses.

Today,most utility companies have easements over residential property.

Jack and Mary owned their matrimonial home as joint tenants.Approximately two weeks before he passed away,Jack prepared a new document that transferred his interest in the home to his sister Janet.Jack's conduct is known as

A freehold estate

Albert and his spouse,Mary,want to buy a piece of property in Toronto and wish to have ownership that will permit the transfer of the land to either of them on the death of the other.To accomplish this,they will take title as

Before present-day legislation,which permits electronic registration,grants of land by deed had affidavits attached to them that identified both the vendor and the purchaser,and these affidavits were sworn under oath.As a result,identity theft and fraud seldom occurred.Today,however,such affidavits have been done away with in transfers,particularly in situations where registration is by electronic means.Given the rise in identity theft and the corresponding number of fraudulent transfers related to land,discuss whether there is good reason to return to the ways of the past and,if not,the best way to protect the parties involved in the purchase and sale of land.

What is a life estate?

Absolute ownership of real property does not entitle the owner to sell it.

When land is compulsorily transferred to a public body pursuant to statute,this is known as