Welcome to the fourth foundational pillar of the The Law School of America "Big Seven" curriculum: Property. While Torts manages the fallout of accidents and Contracts governs the power of your word, Property is the study of relationships. Specifically, it is the study of the legal relationships between people regarding "things," whether those things are tangible dirt or intangible rights.
In this comprehensive capstone, we are opening the Ownership Chute. We will deconstruct the "Bundle of Sticks," navigate the ancient labyrinth of Estates in Land, and explore the modern mechanisms of real estate transactions. This is the architecture of the physical and legal world—the operating system that dictates who can stay, who must go, and who owns the airwaves of a podcast or the ground beneath a home.
Bundle of SticksSeparate rights of exclusion, use, transfer, and possession.
Estates in LandWho owns now, for how long, and who owns next?
Shared OwnershipTenancy in common, joint tenancy, and tenancy by the entirety.
Rental EngineLeaseholds, habitability, quiet enjoyment, and constructive eviction.
Use RightsEasements, covenants, and servitudes.
Title MovementAdverse possession, land contracts, deeds, and recording acts.