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23 Cards in this Set

  • Front
  • Back
To A so long as...

To A during...

To A until...
Fee Simple Determinable
Future interest accompanying FSD
Possibility of Reverter in the grantor
To A but if X event occurs, then grantor reserves the right to re-enter and re-take
Fee Simple Subject to Condition Subequent
Future interest accompanying fee simple subject to condition subsequent
Right of entry (or power of termination)
To A, but if X even occurs, then to B
Fee Simple Subject to Executory Limitation
Future interest accompanying fee simple subject to executory limitation
Shifting executory interest
Ameliorative waste
Life tenant must not engage in acts that will ENHANCE the property's value, unless all future interest holders are known and consent.
Vested remainder. A remainder is vested if...
it is both created in an ascertained person AND is not subject to any condition precedent.
Contingent remainder. A remainder is contingent if...
it is created in an unascertained person OR is subject to a condition precedent, OR both.
The Rule of Destructability of Contingent Remainders
At common law - contingent remainders were destroyed if still still contingent at the time the preceding estate ended.

Now, original grantor takes and holds subject to B's springing executory interest.
Indefeasibly vested remainder. B will...
certainly acquire in the future, with no strings attached, if he's alive.
Vested remainder subject to complete defeasance
When the conditional language follows "to B" (i.e., condition subsequent)
Contingent remainder
When the conditional language appears before "to B" (i.e., condition precedent)
Defeasible fees
Fee Simple Determinable

Fee Simple Subject to Condition Subsequent

Fee Simple Subject to Executory Limitation
2 Bright line rules of RAP
1. A gift to an open class that is conditioned on the members surviving to an age beyond 21 violates RAP

2. Many shifting executory interests violate RAP - an executory interest with no time limit violates RAP
RAP Questions
1. Determine which future interest is created

2. ID the conditions precedent to the vesting of the future interest.

3. Find a measuring life.

4. Will we know withe certainty within 21 years of the death of measuring life that a future interest holder can take?
Joint Tenancy Creation
T-TIP
Time
Title
Identical/equal interests
Possess - identical rights to possess the whole
Severance and mortgage in Joint Tenancy: Title v. Lien theory
Title: one JT's execution of mortgage/lien severs the JT as to the encumbered share

Lien: JT's execution of mortgage on his land will NOT sever JT. (NY)
Tenant's entitlements if implied warranty of habitability is breached
MR3
Move out and end lease
Repair and deduct from rent
Reduce rent or withhold in escrow
Remain in possession and seek money damages
Negative Easements must be...
in writing re: restrictive use of light, air, support or stream
Transferability of easements (appurtenant and gross)
Appurtenant: passes automatically w/dominant tenement, regardless of whether it is even mentioned in the conveyance

Gross: not transferable unless it is for commercial purpose
Elements for BURDEN to run
WITHN

Writing
Intent
Touch & concern the land
Horizontal & vertical privity
Notice of burden when he took
Elements for BENEFIT to run
WITV

Writing
Intent
Touch & concern the land
Vertical privity only