Quiz 28: Real Property and Landlord-Tenant Law
Consuela can sue Bernie (the seller) for breaching the warrantee and can recover the price he paid for purchasing the house. This will also cover any charges paid for the damages. This indicates breach of the warranty acts or agreement of satisfaction.
A fee simple absolute is one of the utmost extensive interests in case of real properties. An individual can retain it as it is restricted totally to the individual and its beneficiaries. An individual who possesses real property in fee simple absolute can do whatsoever of any kind he/she wants to. For example: growing crops, removing trees, creating buildings, selling them etc. This type of estate has been regarded by law as perpetual.
Real property: Land and buildings, including the plants and trees on it is a part of the real property. Real property also includes the airspace and subsurface rights and even the personal property that is attached to the real property (such as the sale of a house includes the windows, wardrobe, and the cabinet). The owner has the greatest compilation of power, rights, and privileges under the fee simple absolute. The property can be disposed of with the help of will or deed. In the absence of the will, the fee simple ownership is passed to the heir without a condition or limitation. Under the right of fee simple, an owner can use the land as he deems fit. However, the owner is bounded by the environment laws. In other words, if the owner is using the property unreasonably, which is causing harm to others, then he can be liable for a tort of nuisance.