LEGA 2100 - Mechanics of Real Estate Law

Credit Hours: 3.00

Objectives: The student will:

1. List and explain the characteristics of real property.
2. Explain the characteristics of real property
3. Differentiate between real property and personal property.

Outcome 2: Upon completion of this course, students will be able to distinguish between the different types of ownership for real property.

Objectives: The student will:

1. Identify the different types of ownership for real property.
2. Explain the different types of ownership for real property.
3. Define the different types of ownership for real property.
4. Analyze the different types of ownership for real property.

Outcome 3: Upon completion of this course, students will be able to explain the ways to acquire title to real property.

Objectives: The student will:

1. Identify the different ways to transfer title to real property.
2. Define the various ways to acquire title to real property.
3. List the various ways to transfer title to real property.
4. Distinguish between the different ways to transfer title to real property.

Outcome 4: Upon completion of this course, students will be able to explain the different types of burdens on land.

Objectives:

1. Identify the different types of burdens on land.
2. Define the different types of burdens on land.
3. Distinguish between the different types of burdens on land.
4. Describe the different types of burdens on land.

Outcome 5: Upon completion of this course, students will be able to explain the different types of leasehold estates (landlord/tenant matters).

Objectives: The student will:

1. Identify the different types of leasehold estates.
2. Define the different types of leasehold estates.
3. Differentiate the different types of leasehold estates.
4. Describe the rights or duties a tenant or landlord has in leasehold estates.

Outcome 6: Upon completion of this course, students will be able to prepare Michigan Real Property documents or forms for a client’s situation.

Objectives: The student will:

1. Gather information needed to formulate appropriate forms or documents concerning a client’s situation.
2. Locate appropriate Michigan Real Property documents or forms for a client’s situation.
3. Identify appropriate Michigan Real Property documents or forms for a client’s situation.
4. Distinguish between the various Michigan Real Property documents or forms for a client’s situation.
5. Analyze characteristics of real property, which affect the value of real property.
6. Analyze appropriate Michigan Real Property documents or forms for a client’s situation.
7. Use appropriate Michigan Real Property documents or forms for a client’s situation.
8. Apply the different types of ownership for real property to legal situations.

1. Definition and Nature of Real Property
2. Fixtures
3. Forms of Ownership
4. Burdens on Land - easements, liens, restrictive, covenants, government regulations, profits, air and mineral rights, riparian rights
5. Agency Relationships in Real Estate
6. Real Estate Contracts (Law & Forms)
7. Transfer of Title (Law & Forms)
8. Real Estate Financing - Mortgage, promissory note, foreclosure forfeiture
9. Real Estate Closing (Forms & Procedures)
10. Land Use Controls - zoning, building codes, private restrictions
11. Leaseholds (Landlord/Tenant Matters)