Question

List how property rights can be transfered voluntarily and involuntarily. List how property rights can be...

  1. List how property rights can be transfered voluntarily and involuntarily.
  2. List how property rights can be divided.  
  3. List how property rights can be encumbered voluntarily and involuntarily.

Homework Answers

Answer #1

1) Rights in property can be transferred only on execution and registration of a sale deed in favour of the buyer. If the owner gives another individual a power of attorney (POA), that person can sell it under this authority. A POA gives another person the power to act on behalf of the owner.
There are several ways your real property can be involuntarily transferred from you, that is, without your consent and agreement. These include condemnation or eminent domain, foreclosure, adverse possession, or partition.


2) Proprty rights can be divided into 4:

  • the right to use the property.
  • the right to earn income from the property .
  • the right to transfer the property to others, alter it, abandon it, or destroy it
  • The right to enforce property rights
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