| A | B |
|---|
| Fee Simple | Purest Form of ownership of land |
| Life estate | Ownership limited to duration of somone's life |
| Joint Tenancy | Right of Survivorship |
| Tenants in Common | Owners in shares |
| Matrimonial home | Only applies to married (not comon law) spouses |
| Infant | Person under age of majority (18) |
| Trustee | Person holding property on behalf of another |
| Person in Bankruptcy | Lacks capacity to deal with property |
| Tenant | Right to quiet enjoyment |
| Condominium | Shared interest in common elements |
| On death property passes automatically without probate | Advantage of Joint Tenancy |
| Power of Attorney | Document giving person authority to act on your behalf |
| Partition Act | Judge orders sale of property if owners cannot get along |
| Dowry | Abolished and replace by "matriomonal home" |
| Equalization | Right of married spouse to portion of value of matrimonial home |
| Corporate Seal | "I have authority to bind corporation" will do instead |
| Official Guardians Office | Protects interest of children |
| Abutting land search | Search of ownership of neighbouring property |
| Echeats to Crown | Property owned by dissolved corporation |
| Writ of Execution | Lien on land/ binds land |
