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7 Cards in this Set
- Front
- Back
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Issue Checklist
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I. Classify and Validate the Interest
A. Ownership Interest B. Non-possessory Interest II. State the Characteristics of the Interest III. State any Limitations to the Interest IV. Any Conveyancing Issues? V. Remedies |
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Ownership interests
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1. Present possessory estates
a. Fee simple absolute b. Defeasible fees c. Life estate 2. Future interests a. Of the grantor b. Of the grantee 3. Concurrent estates a. Joint tenancy b. Tenancy in common 4. Landlord Tenant (Non-freehold estates) 5. Adverse possession |
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Nonpossessory interests
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1. Easement
2. License 3. Profit 4. Covenant running with the land 5. Equitable servitude 6. Lateral and Subjacent Support |
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II. State the characteristics of the interest
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A. Attributes B. Rights and Duties
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III. State any limitations to the interest
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A. Exceptions or termination B. Public land use
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IV. Conveyancing
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A. Contracts for the sale of land B. Deeds C. Delivery D. Title
E. Recording F. Mortgages |
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V. Remedies
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A. Damages B. Restitution C. Specific Performance
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