Lec 2

    Master this deck with 17 terms through effective study methods.

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    Created by @oli

    What is the Doctrine of Tenure?

    It establishes the relationship between land ownership and the Crown.

    How does freehold differ from leasehold?

    Freehold grants permanent ownership, while leasehold is temporary.

    What is native title?

    It recognizes the rights of Indigenous peoples to their land.

    What are direct ownership and indirect ownership?

    Direct ownership involves holding title, while indirect ownership involves holding shares in a property entity.

    What happens to Indigenous land rights upon British colonization?

    They were replaced by the British legal system.

    What is fee simple in property law?

    Held in perpetuity from the Crown without annual payment.

    What does the Doctrine of Tenure state?

    All land is held by way of grant from the Crown.

    What distinguishes freehold from leasehold?

    Freehold is held indefinitely, while leasehold has a specific duration.

    What is a key characteristic of leasehold tenure?

    Requires a written agreement between landlord and tenant.

    What is the difference between a lease and a licence?

    A lease conveys an estate in land; a licence grants permission to use land.

    What is native title?

    A bundle of rights related to land, recognized under Australian law.

    What is direct property investment?

    Investing directly in specific properties like rental or commercial real estate.

    How does indirect property investment differ from direct investment?

    Involves third-party vehicles like REITs, requiring less capital.

    What drives the space market in real estate?

    Occupier demand for property usage reconciled with investor supply.

    What is the capital market in real estate?

    Market for financial ownership of real estate assets and investment decisions.

    What are the three key features of investment properties?

    Location, buildings, and tenants.

    What are some sources of risk in property ownership?

    Inflation, management, interest rate, legislative, and environmental risks