Page 806 - SUBSEC October 2017_Neat

UNIT 2
MODULE 3: REAL PROPERTY (cont’d)

SPECIFIC OBJECTIVES CONTENT

Students should be able to:

3. apply the principles of land Land Ownership
ownership in any one
Commonwealth Caribbean state; (a) Definition of the terms ‘tenure’ and
‘estate’.

(b) Description of types of estates:

(i) fee simple or freehold estate;

(ii) leasehold estate;

(iii) life estate; and,

(iv) legal and equitable interests.

(c) Distinction between legal and
equitable interests.

(d) Concurrent interests or Co-ownership:

(i) the characteristics of a joint
tenancy; and,

(ii) the characteristics of a
tenancy-in-common.

4. distinguish between leases and Leases and Licences
licences;
(a) The nature, acquisition and
termination of the following:

(i) licences; and,

(ii) leases.

(b) Differences between a lease and a
licence.

CXC A23/U2/17 26