What's My 1 Square Inch (Of the Yukon Territory) Worth?

I know you’re having a little fun, but there is a serious question inside your remark.

Generally speaking, all land in Canada that is in private hands is held in fee simple. Without going into an absurd amount of historical detail, this means that, for all intents and purposes, the title-holder owns the land–the only other person who has a superior claim to the title is the King or Queen (usually just called the Crown). There are no Dukes, Counts, Earls, or Barons or others from whom the fee simple title-holder received the land; and more importantly, to whom the title-holder owes allegiance or to whom the title-holder has ceded any rights based on his or her occupancy of the land. Nobody stands between the fee simple title-holder and the Crown–the ultimate title-holder. Again, bypassing a large amount of detail, this means that the fee simple title-holder has full rights to the land, and nobody except the Crown can defeat the fee simple title-holder’s title. Note that this rarely happens; and when it does (as in the case of an expropriation for public purposes), full and fair market value is paid by the Crown.

Now, in the case of the Klondike Big Inch company (let’s abbreviate that as “KBI”), the fee simple title-holder was KBI. It, in turn, severed its land holdings into inch-square parcels–6,272,640 of them, as has been said. Then it drew up title deeds to the parcels, and distributed them. But it never registered the individual parcels as fee simple holdings; and just as importantly, never told those who received the title deeds that they had to register their parcels to be regarded as fee simple title-holders. This put KBI in the position of being a feudal Duke, Count, Earl, or Baron: it owned the land and had a bunch of tenants who only had rights as far as KBI granted them. Which did not extend to fee simple ownership.

When the Crown seized the land for non-payment of taxes, it seized KBI’s land–it did not seize (for example) the land Chronos’ father held, because Chronos’ father never really held it at all. He was not the fee simple title-holder; KBI was. As a result, Chronos’ father was at best a tenant, paying nothing except the price of a box of cereal for the privilege, in return for which he received rights only until KBI (the fee simple title holder) lost the land. Which it did. At that point, any rights Chronos’ father held to the land disappeared–or, if you prefer, Chronos’ father’s title was defeated by KBI’s action (or inaction). Much as feudal serfs lost their land when their lord (Duke, Count, etc.) lost his landholdings.

Canadian legal Dopers, comments? Have I got the right idea?

Yes, we still have a few private fee simple title-holders in Alberta who have managed to retain mineral rights. But those are growing fewer as titles pass between bona fide purchasers for value. As I recall, my professor for my Land Titles class took a perverse delight in throwing questions involving privately-owned mineral rights into our exams; I don’t know what she will do for difficult questions when the last private mineral title passes and all mineral rights revert to the Crown.

Obviously, class action lawyers had not hit their stride when this promotion was concocted.

I don’t think any reputable company would attempt anything this like that these days.

Well, the Jack Danial’s distillery is pretty reputable, and they’ve been handing out ‘unrecorded plots’ to the Tennessee Squires Association since 1956.

My plot is number F38235. I have no idea how large it is, but a few times a year they send me updates on the local conditions.

What you actually calculated was the tax bill for each of the title holders. Or rather the 1965 tax bill, which I assume was for the first ten years of ownership. If they hadn’t seized the land and the property tax rate hasn’t changed since 1965, everyone who hadn’t paid their taxes would now owe:

$0.000000312132489 * 5.5 = $0.0000017167286895

All right, everyone, pay up!

I don’t think it’s right to say that the deedholders never actually owned their land. Assuming the deeds were otherwise properly drawn up, they should have been sufficient to convey unperfected title to the plots, which the new owners could have perfected had they troubled to record title (at a cost undoubtedly in excess of the value of the land). Of course, the 1965 seizure of the land dispossessed those owners.

Should Quaker have told the kids that they had to record title? I don’t think that’s usual in land transactions; the normal assumption is that buyers know that recording is their responsibility. (In a typical residential real estate transaction, the mortgage lender’s lawyer takes care of it.)

Except the territories in Canada use the Torrens system of land titles, not a system of land registration. Ownership is proven by the title. If you’re not on title, you’re not the owner.

The kids may have had some sort of equitable claim against the land-holding company, but if they weren’t on title, they weren’t the owner. Plus, there’s the subdivision problem I mentioned earlier - in a titles system, the land titles act normally sets limits on how subdivision occurs, with approval from some planning agency necessary. If there wasn’t subdivision approval, the kids couldn’t register their title to their one inch plots.

I think so, subject to my comments about the titles system. I don’t think it’s accurate to say that the purchasers, like Chronos’ father, had any sort of title, unless it was actually registered with the Torrens title system.

But I’m not a land lawyer, so I’m going on murky fumes left in the tank from the Bar Ads and articling. :slight_smile:

Slight hijack, but it concerns Canadian mineral rights.

I ran across this article a while back and marked it as I found it pretty unbelievable, at least to me.

If I understand correctly, pretty much anyone can/could file a mining claim on your property and explore for minerals with the property owner having no recourse.

I posted this as it seems to fit in with the mineral rights discussion.

Is this still the case, and is it unique to BC?

It looks like some changes have been made to the legislation in order to address the concerns of landowners such as those in your linked article. See the information factsheet at this link (warning, PDF). While the factsheet is detailed but clear, I think this part goes a good way towards answering your question:

Looks like the miner referred to at the beginning of the article can’t just wander onto private property any time he feels like it any more–he must provide notice–and if he digs or paints anything, he owes the landowner some compensation for the damage he causes.

I don’t know if the same situation would occur in other provinces, as land titles and mineral rights are provincial responsibilities. This means, of course, that their laws regarding mining claims are not necessarily the same as BC’s.

I find it amusing that my father has become the example “landowner” in this discussion, despite the fact that the OP, ralph124c, apparently also bought one.

Spoons I believe you’re right, there are indeed considerably different laws governing such things from BC, a province, and Yukon, a territory.

I find “Chronos” easier to type than “ralph124c.” :slight_smile:

Prompted by an interest piqued by a long-ago job I once had, I actually did study land titles and the Torrens system at law school. Other than that (and bar ads and articling), however, I do very little with real estate; though for some odd reason, my office is in the real estate department of our firm. I guess I continue to keep my knowledge of real estate law through some of the office discussions occurring in the vicinity of my office.

Thanks for the information.