Real Estate Law in California

by Bowman,Arthur G.

• ISBN13: 9780324142945
• ISBN10: 0324142943
• Edition: 10th
• Format: Hardcover
• Copyright: 1999-07-01
• Publisher: Cengage Learning

Summary

Bowman and Milligan provide a well-organized discussion of laws applicable to real-property ownership in California. An emphasis is planed on the practical aspects and theoretical concepts of the law. The rationale behind real estate law is explained by discussing the law?s past and present states, while anticipating future changes.

Table of Contents

Abbreviations	x
Preface	xi
Sources of Law and Land Titles	1	(32)
Introduction	2	(1)
Real property law and its origins	2	(1)
Principal sources of the law	3	(7)
The court structure	10	(3)
Nature of property	13	(1)
Classes of property	14	(5)
Importance of the distinctions between real and personal property	19	(2)
Fixtures	21	(3)
Estates in real property	24	(5)
Questions	29	(4)
Contracts in General	33	(28)
Introduction	34	(1)
Nature of a contract	34	(2)
Essential elements of a contract	36	(4)
Statute of Frauds	40	(2)
Interpretation of contracts	42	(1)
Freedom of consent	43	(1)
Performance	44	(2)
Modification or alteration	46	(2)
Discharge	48	(2)
Breach of contract	50	(1)
Remedies for breach	50	(2)
Nature of damages	52	(3)
Questions	55	(6)
Real Estate Contracts and Their Use	61	(39)
Introduction	62	(1)
Listing agreements	62	(7)
Revocation of authority	69	(1)
Right to compensation	70	(12)
Probate sales	82	(2)
Real estate purchase contract and receipt for deposit	84	(9)
Option as a contract right in land	93	(1)
Questions	94	(6)
Law of Agency and Regulation of Real Estate Agents	100	(31)
Introduction	101	(1)
The agency relationship	101	(3)
Real estate broker as special agent	104	(2)
Relationship between broker and salesperson	106	(6)
Termination of agency	112	(1)
Administrative regulations	112	(10)
Professional status of the broker	122	(3)
Questions	125	(6)
Duties and Liabilities of Licensees	131	(43)
Introduction	132	(1)
Duties and liabilities to principal	133	(15)
Duties and liabilities to third parties	148	(14)
Unlawful practice of law	162	(2)
Disciplinary proceedings	164	(1)
Realtor's code of ethics and arbitration of disputes	165	(2)
Questions	167	(7)
Acquisition and Alienation of Title	174	(23)
Introduction	175	(1)
Adverse possession	175	(3)
Condemnation (eminent domain)	178	(2)
Dedication	180	(2)
Accession	182	(2)
Wills and succession	184	(3)
Transfers in trust	187	(4)
Escheat	191	(1)
Involuntary alienation	191	(1)
Title by estoppel	192	(1)
Abandonment	192	(1)
Forfeiture	193	(1)
Questions	193	(4)
Transfers by Deed, and the Use of Escrow	197	(29)
Introduction	198	(1)
Deeds	198	(12)
Acknowledgments	210	(3)
Transfers by attorneys-in-fact	213	(2)
Escrows	215	(8)
Questions	223	(3)
Ownership Forms and Implications	226	(30)
Introduction	227	(1)
Joint tenancy ownership	228	(8)
Tenancy in common	236	(1)
Community property	237	(5)
Partnerships	242	(3)
Joint ventures	245	(1)
Corporations	246	(3)
Unincorporated associations	249	(1)
Multiple housing developments	249	(3)
Questions	252	(4)
Creation and Enforcement of Security Devices, Part One	256	(33)
Introduction	257	(3)
Trust deeds compared with other instruments	260	(2)
Nature and characteristics of a trust deed	262	(10)
Special provisions in trust deeds	272	(5)
Discharge of obligation and related problems	277	(4)
Additional aspects of trust deeds	281	(4)
Questions	285	(4)
Creation and Enforcement of Security Devices, Part Two	289	(21)
Introduction	290	(1)
Nonjudicial foreclosure under power of sale (trustee's sale)	290	(5)
Judicial foreclosure of trust deed	295	(2)
Deficiency judgments	297	(1)
Purchase money trust deed	297	(2)
Land contracts	299	(7)
Questions	306	(4)
Involuntary Liens, Recording, Priorities, Homesteads, and Title Insurance	310	(31)
Introduction	311	(1)
Involuntary liens	311	(1)
Judgment liens	312	(1)
Execution liens	313	(1)
Attachment liens	314	(2)
Mechanic's lien	316	(5)
Recording	321	(3)
Priorities	324	(2)
Homesteads	326	(4)
Title insurance	330	(7)
Questions	337	(4)
Limitations on use, Including tax Burden	341	(32)
Introduction	342	(1)
Creation and validity of restrictions	342	(5)
General plan restrictions	347	(2)
Interpretation of particular restrictions	349	(2)
Termination of restrictions	351	(3)
Nature and purpose of zoning	354	(2)
Operation of zoning laws	356	(3)
Exceptions to zoning	359	(1)
Title insurance covering zoning	360	(1)
Other government regulations affecting use	360	(2)
Taxation of real property	362	(6)
Questions	368	(5)
Land use, Descriptions, Subdivisions, and Investment Regulations	373	(23)
Introduction	374	(1)
Land use	374	(4)
Descriptions	378	(6)
Regulation of subdivisions	384	(1)
Subdivision Map Act	384	(3)
Sale of subdivided lands	387	(2)
Investment regulations	389	(3)
Questions	392	(4)
Adjoining Owner Problems	396	(26)
Introduction	397	(1)
Definition and nature of easements	397	(1)
Classes of easements	398	(1)
Purposes for which easements may be created	399	(2)
How easements are created	401	(5)
Extent of use	406	(2)
Transfer of easements	408	(1)
Termination or extinguishment of easements	409	(1)
Encroachments	410	(1)
Nuisances	411	(1)
Fences	412	(1)
Trees and other vegetation	413	(1)
Boundaries	414	(1)
Water	415	(1)
Lateral and subjacent support	415	(2)
Liability to persons on or near the land	417	(1)
Questions	418	(4)
Leases and the landlord-Tenant Relationship	422	(31)
Introduction	423	(5)
Types of tenancies	428	(2)
Nature and duration of a lease	430	(1)
Requisities of a valid lease	431	(2)
Interpretation of particular lease provisions	433	(4)
Transfer of lessor's or lessee's interest	437	(3)
Liability of lessor and lessee for condition of premises	440	(1)
Termination of the lease	441	(4)
Property management	445	(1)
Mobile home tenancy	446	(1)
Oil and gas leases	447	(2)
Questions	449	(4)
Glossary of words and Phrases	453	(18)
Answers to Textbook Questions	471	(3)
Index	474