Property

Front 1

Present Estate

Back 1

an interest in an estate which carries with it a present right to exclusive possession

Front 2

right-of-way easement holder

Back 2

has no right to the exclusive possession of any portion of the estate, but may enter the estate in the course of exercising his right of way

Front 3

2 types of Estates

Back 3

1)present estates (interests)

2) future estates (interests)

Front 4

Future interest

Back 4

an interest in land which 1) may become possessory, but which is not now possessory, and 2) is a segment of ownership measured in terms of duration

Front 5

What are the four dimensions of land?

Back 5

1) lenght
2) width
3) height
4) time

Front 6

O owns Blackacre, consisting of forty acres of land. He grants twenty acres of it to A. How has O divided blackacre?

Back 6

O has divided Blackacre by lenght/or width

Front 7

O owns Blackacre, consisting of forty acres of land. O grants A the space between 20 feet and 100 feet above ground level over all of Blackacre. How has O divided Blackacre

Back 7

O has divided Blackacre by height

Front 8

2 Ways to divide land?

Back 8

1) spatial division (length, width, height)

2) temporal division (time)

Front 9

O owns Blackacre. O grants A "a life estate for the duration of A's life" in all of Blackacre. 1)How has O divided Blackacre? 2)What is A's interest? 3)What is O's interest?

Back 9

1) O has divided Blackacre by time
2) A's interest is a present estate, called a "life estate"
3) O's interest is a future estate, called a reversion

Front 10

2 Types of Present Estates

Back 10

1) Freehold

2) Non-freehold

Front 11

Fee Simple Absolute

1) what is the future interest gained by the Grantor?

2) What is the future interest created in 3rd party grantee?

Back 11

1) none

2) none

Front 12

Fee Simple Determinable

1) What is the Future Interest retained by Grantor?

2) What is the future interest created in 3rd party grantee?

Back 12

1) Possibility of Reverter

2) Executory Interest
* Remainders never can follow any fee simple

Front 13

What are some words that suggest a fee simple determinable?

Back 13

while, during, until, for so long as

Front 14

Fee Simple Subject to Condition Subsequent
1) What is the future interest retained by the grantor?
2) What is the future interest created in 3rd party Grantee?

Back 14

1) Power of termination

2) Executory Interest

Front 15

What are some words that suggest a fee simple subject to a condition subsequent?

Back 15

"provided, however", "but if", "on condition that", "if, however"