What is the difference between real property and real estate?
Key Takeaways. Real estate is a term that refers to the physical land, structures, and resources attached to it. Real property includes the physical property of the real estate, but it expands its definition to include a bundle of ownership and usage rights.
What is the greatest interest a person can have in land?
A fee simple estate is the highest and most complete interest in the land that can be recognized by law. The owner of the fee simple estate can exercise all rights of ownership over the land infinitely.
What is the most common form of property ownership?
joint tenancy
What are the two main types of possessory interest in real property?
There are three main types of possessory interests: fee simple absolute, life estate, and leasehold.
What is possessory right?
Possessory right means a court-ordered right of possession of or access to a child, including conservatorship, custody, and visitation.
How long does a possessory title last?
12 years
What rights does a possessory conservator have?
Possessory conservator (PC) A possessory conservator is a person with the right to possess and access a child. In other words, this person has a right to visitation. If one parent is named sole managing conservator, the other is typically named a possessory conservator.
Is conservatorship the same as custody?
Managing conservatorship means mostly what other states call custody; it can be held jointly by both parents or solely by one; the court will divide duties and rights between joint conservators. Possessory conservatorship means visitation; also called access or possession.
Can permanent managing conservatorship be reversed?
Yes, if you made some major changes in your life and prove you have overcome whatever issues CPS has had with you then you can take your child’s father back to court and fight for custody.
Is permanent custody the same as adoption?
Custody can be restored to the parents by the court if the parent proves capable of caring for the child. Adoption is the process by which an adult becomes the permanent, legal parent of a child.
Which is better guardianship or custody?
Guardianships, in contrast, although sometimes granted on a temporary or emergency basis, are often more durable than custody determinations and persist for the life of the guardian or until the child reaches the age of majority.
What rights do guardians have?
The legal guardian has the right to consent for the minor and make all decisions regarding the minor’s health and education. A legal guardian will maintain custody of the minor until the minor reaches the age of eighteen, or until a judge determines that the minor no longer needs a guardian.