This subject will introduce students to the legal principles that apply to the ownership, use and transfer of real property. The subject will develop an understanding of the sources of law, the various interests in land, real estate contracts, and the rights, duties and obligations attaching to the ownership and use of real property. The subject provides students with a sound understanding of real property contracts, tendering processes, financial interests in land and the remedies available to enforce interests in land. Students will develop a good understanding of the various legal interests in real property and prepare them for further studies in planning, valuation, property development and investment.
|Academic unit:||Faculty of Society & Design|
|Subject title:||Real Estate Property Rights|
Delivery & attendance
|Attendance and learning activities:||Attend all sessions (Lectures and Tutorials). Most sessions build on the work on the previous one. It is difficult to recover if you miss a session. Attendance in tutorials will be monitored, and could impact the final mark in this subject.|
|Prescribed resources:|| |
|[email protected] & Email:||[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.|
To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Identify and contextualise the various legal interests in property and the practical application of this knowledge to property development and investment.
- Demonstrate an understanding of construction contracts, legal interests in land and the remedies available for enforcement of rights.
- Demonstrate understanding of financial and security interests in real property and how these can be used to grow and manage portfolio investment.
- Critically analyse competing interests, conflicts in legal interests and contractual rights and the value of interests attaching to land title.
- Demonstrate and understanding of the rights, duties and obligations of various interests in land.
|*In-Class Quiz - Individual||Week 12 Quiz: This assessment item will be released online for students to complete within a 24 hour time period during week 12 (i.e. the final week of classes) and will assess all content from the semester.||40%||Week 12||1, 2, 3, 4, 5.|
|Analysis||Assignment 2 Case Study||30%||To Be Negotiated||1, 2, 3, 4, 5.|
|Written Report||Assignment 1||30%||To Be Negotiated||1, 2, 3, 4, 5.|
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
|High Distinction||85-100||Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.|
|Distinction||75-84||Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.|
|Credit||65-74||Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.|
|Pass||50-64||Usually awarded to students whose performance meets the requirements set for work provided for assessment.|
|Fail||0-49||Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.|
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Students must check the [email protected] subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Policy on plagiarism
University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
Introduction to theory, approach and structure of course
Torrens Land Title system, ownership
Commercial law, Contracting to buy, sell and lease
Boundaries, easements and mortgages
Caveats, covenants and other acquisition issues
Strata title and body corporate
Land rights and environmental law
Tort, litigation issues, lease disputes
Misleading and deceptive conduct, consumer protection, fraud
Corporate structure, trusts
Public company structure, ASX listing, trust structure for REITs
Semester quiz/in-class assessment item