Real Property

1. Real Property

3. Notary—Notario In Mexico, a notaryis a specially-trainedlawyerwithauthorization to act in a quasi-officialcapacity. Barringevidence of corruptionorgross error, documentsproducedby a notary are accepted at facevalue as official.

4. Notary—Notario A notary in the United States can be a secretary (almost never a lawyer) who compares signatures (checks drivers license). In Latin communities in the United States, there are a lot of frauds by people saying “in Spanish” they are Notarios, because they know what this means to other Latin Americans.

5. http://www.colegiodenotarios.org.mx/?a=72 Los instrumentos públicos notariales son cinco: 1. La escritura; 2. El acta notarial; 3. El testimonio; 4. La copia certificada; y, 5. La certificación.

6. Es el instrumento original que el notario asienta en los folios para hacer constar bajo su fe, uno o varios actos jurídicos (manifestaciones externas de la voluntad para producir consecuencias jurídicas), que firmado (o con huella) por los comparecientes, el notario autoriza con su sello y firma autógrafa.  1. ESCRITURA

7. 1. ESCRITURA Real PropertyAlienation: Deed Poder Notarial: Power of Attorney publicdeed

8. Estates Fee Simple Absolute Broadestform of ownership Fee Simple Defeasible The estate can be removed for a specificreasonestablished in thegrantingdocument.

9. Estates Fee Simple Absolute Fee Simple Defeasible ♦ Fee Simple Determinable ♦ Fee Simple Subject to ConditionSubsequent ♦ Fee Simple Subject to ExecutoryLimitation

10. Estates Fee Simple Absolute Fee Simple Defeasible ♦ Fee Simple Determinable Estate terminatedifspecificconditionoccurs To A for as long as the property is used for a museum. Grantor has possibility of reverter. Reversion is automatic.

11. Estates Fee Simple Absolute Fee Simple Defeasible ♦ Fee Simple Subject to ConditionSubsequent Conditionfollowedby a right of entry To A, but if not used as museum. Grantor has right of entry. Grantor must take action for A to lose the property. Not automatic.

12. Estates Fee Simple Absolute Fee Simple Defeasible ♦ Fee Simple Subject to ExecutoryLimitation Ifeventoccurs, automaticallygoes to thirdparty. To A, butifnotused as museum, to B. B has anexecutoryinterest.

13. Estates Fee Simple Absolute Fee Simple Defeasible ♦ Fee Simple Determinable ♦ Fee Simple Subject to ConditionSubsequent ♦ Fee Simple Subject to ExecutoryLimitation

14. Estates Fee Simple Absolute Fee Simple Defeasible LifeEstates ♦ Fee Simple Determinable ♦ Fee Simple Subject to ConditionSubsequent ♦ Fee Simple Subject to ExecutoryLimitation

15. Estates Fee Simple Absolute Fee Simple Defeasible LifeEstates Grantstheholderthe use of the estate fortheduration of a life. Then can passbyreversionto thegrantor orbyremainderto another.

16. Estates Fee Simple Absolute Fee Simple Defeasible LifeEstates Grantstheholderthe use of the estate fortheduration of a life. Ifthelife of anotherperson, called purautre vie "for the life of another"

17. Estates PresentPossessory Estate Fee Simple Absolute Fee Simple Defeasible Reversionor remainder are Future Estates LifeEstates

18. Reversionifthe estate “reverts” to thegrantor Remainderifthe estate goes to another

19. Co-Ownership JointTenancy Right of Survivorship Tenancy in Common No Right of Survivorship. Passesbyinheritanceorother transfer. TenancybytheEntirety Onlybetweenhusband and wife. Right of Survivorship.

20. Co-Ownership JointTenancy 1. Time. Mustacquire at thesame time. 2. Title. Mustacquire in thesamedocument. 3. Possession. Samerights to possession. 4. Interest. Equalinterests.

21. Co-Ownership JointTenancy Can selleachinterest, butthenthetenancybecomestenancy in common. TenancybytheEntirety In case of divorce, thetenancybecomestenancy in common.

22. NextClass: Leaseholds