MMP111 Introduction to Property Subject Notes â Deakin University
MMP111 Introduction to Property Subject Notes – Deakin University
MMP111 Introduction to Property Subject Notes
These notes retain copyright to the original author of Deakin University and may not be distributed or sold and are for personal use only. Ensure that these terms are met.
HOW TO USE THESE NOTES These notes were prepared in trimester 1, 2017, and should assist in you achieving high marks in MMP111. They have been carefully prepared and edited. These notes may assist in your understanding of Assignment format; exam structure and exam content. That said, it is important to supplement these notes with tutorial content and with the readings and textbook content. The readings and textbook may be examinable. I strongly recommend in taking up any advice by the tutors and lecturers in MMP111, I have found this particular subject to be assessed and examined very closely to the subjects content and learning objectives.
Best of luck for MMP111, I hope that you achieve that HD that you are seeking.
WEEK 1 - LAND LAND AND ITS FEATURES Attributes of land: -
Heterogeneity: Immobility: Durability: The supply is finite: Useful to people:
Unique in location and composition It cannot be moved or transported Land does not depreciate Scarcity of supply affects value We all need it to live, work and enjoy.
Uses of land: -
Agriculture Commerce Industry Natural reserve Recreation
Causes for changes in Land Use: -
Climate Topography Distribution of natural resources, population distribution, industry. Trends in economics, population, technology, culture.
REAL ESTATE v REAL PROPERTY v PERSONAL PROPERTY Real Estate (physical) -
An identified parcel or tract of land, including improvements if any. Real estate includes all the attachments. Fixtures (plumbing, lighting, heating, and air-conditioning, etc.) Personal Property and Trade Fixtures?
Real Property (legal interests) -
The interests, benefits, and rights inherent of real estate. In general, “Estate” also refers to a right or interest in real estate.
Personal Property and Trade Fixtures -
Personal Property: Moveable items of property that are not permanently affixed to, or part of, the real estate. E.g. personal items such as kitchen equipment, whitegoods. Trade Fixtures: articles place in rented buildings by the tenant to help carry out trade or business. E.g. Tables, commercial kitchens, cabinetry.
MMP111 Introduction to Property Subject Notes
These notes retain copyright to the original author of Deakin University and may not be distributed or sold and are for personal use only. Ensure that these terms are met.
HOW TO USE THESE NOTES These notes were prepared in trimester 1, 2017, and should assist in you achieving high marks in MMP111. They have been carefully prepared and edited. These notes may assist in your understanding of Assignment format; exam structure and exam content. That said, it is important to supplement these notes with tutorial content and with the readings and textbook content. The readings and textbook may be examinable. I strongly recommend in taking up any advice by the tutors and lecturers in MMP111, I have found this particular subject to be assessed and examined very closely to the subjects content and learning objectives.
Best of luck for MMP111, I hope that you achieve that HD that you are seeking.
WEEK 1 - LAND LAND AND ITS FEATURES Attributes of land: -
Heterogeneity: Immobility: Durability: The supply is finite: Useful to people:
Unique in location and composition It cannot be moved or transported Land does not depreciate Scarcity of supply affects value We all need it to live, work and enjoy.
Uses of land: -
Agriculture Commerce Industry Natural reserve Recreation
Causes for changes in Land Use: -
Climate Topography Distribution of natural resources, population distribution, industry. Trends in economics, population, technology, culture.
REAL ESTATE v REAL PROPERTY v PERSONAL PROPERTY Real Estate (physical) -
An identified parcel or tract of land, including improvements if any. Real estate includes all the attachments. Fixtures (plumbing, lighting, heating, and air-conditioning, etc.) Personal Property and Trade Fixtures?
Real Property (legal interests) -
The interests, benefits, and rights inherent of real estate. In general, “Estate” also refers to a right or interest in real estate.
Personal Property and Trade Fixtures -
Personal Property: Moveable items of property that are not permanently affixed to, or part of, the real estate. E.g. personal items such as kitchen equipment, whitegoods. Trade Fixtures: articles place in rented buildings by the tenant to help carry out trade or business. E.g. Tables, commercial kitchens, cabinetry.
