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LAW 131 Real Property Law (3)
3 hours lecture per week
Recommended Preparation: Credit in or qualification for ENG 100 or ENG 160.
Comment: LAW 131 may not be audited.
LAW 131 trains the student in the legal principles and primary forms utilized in general real property law, including purchase and sales agreements, mortgages, leases, easements, deeds, closing and recording documents.
Upon successful completion of LAW 131, the student should be able to:
- Describe the elements of a deed.
- List the requisite elements of contracts and draft an agreement of sale.
- Describe the steps involved in closing a real estate transaction, including the proration of real property taxes, the computation of conveyance taxes and closing costs, the drafting of escrow instructions and the necessity for and types of title insurance.
- Explain the concept for quieting title to real property and describe the Hawai`i statutes related thereto.
- Explain the landlord-tenant code.