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7 Cards in this Set
- Front
- Back
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possession |
the right to occupy and exclude others from the land. |
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estate |
an interest in land that gives the owner right to POSSESS the land either immediately in the future or potentially in the future |
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possibility of Reverter |
the future interest the grantor has with fee simple determinable |
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Right of entry created with what kind of defeasible fee |
Fee Simple subject to condition subsequent |
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future interest held by someone other than the grantor must be one of theses three things |
1. vested remainder which has three different kinds 2. contingent remainder 3. executory interest which has two kinds |
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Can a remainder ever follow a defeasible fee? |
NO |
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reversion |
the future interest the grantor retains when conveying a an estate for a period of time (life estate, period of years) |
