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  1. #7
    Quote Originally Posted by Michael Joseph View Post
    thank you for this work.

    Real Property is a long way from Real Estate.


    Evolution of the Trust
    Real Estate with regard to a fee (or fief).
    http://en.wikipedia.org/wiki/Fee_simple

    In English common law, the Crown has radical title or the allodium of all land in England, meaning that it is the ultimate "owner" of all land. However, the Crown can grant ownership in an abstract entity—called an estate in land—which is what is owned, rather than the land it represents. The fee simple estate is also called "estate in fee simple" or "fee-simple title" and sometimes simply freehold in England and Wales. From the start of the Norman period, when feudalism was introduced to England, the tenant or "holder" of a fief could not alienate it from the possession of his overlord, that is to say sell it, but instead could separate off a parcel of the land and grant it as a subordinate fief to his own sub-tenant, a process known as sub-enfeoffing or "subinfeudation". The 1290 Statute of Quia Emptores abolished subinfeudation and instead allowed the sale of fee simple estates.[1]

    The concept of a "fee" has its origins in feudalism. William Blackstone defined fee simple as the estate in land that a person has when the lands are given to him and his heirs absolutely, without any end or limit put to his estate. Land held in fee simple can be conveyed to whomsoever its owner pleases; it can be mortgaged or put up as security.[2] Owners of real property in fee simple title have the right to own the property during their lifetime and typically have a say in determining who gets to own the property after their death. In a sense, one might say fee simple owners "own" the property "forever"; however, only holders of an allodial title on land really do own the land forever, and land thus held is not subject to property tax.
    Real property is a synonym for land law

    Real property: an introductory explanation of the law relating to land
    http://books.google.com/books?id=-W0...page&q&f=false
    Last edited by shikamaru; 03-27-11 at 02:53 PM.

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