Real Property

Front 1

Future Interests- two types

Back 1

Those retained by the grantor
Those given to the grantee

Front 2

Future interests retained by the grantor- 3 types

Back 2

Reversion
Possibility of Reverter
Right of Entry

Front 3

Future Interests given to grantee- 2 types

Back 3

Remainder
Executory interest

Front 4

Reversions- (Future interest retained by grantor)

Back 4

A reversion in the grantor arises whenever the grantor conveys away LESS than the full durations estate the grantor had.
O conveys Blackacre to A for life.

Front 5

Possibility of Reverter (in the Grantor)

Back 5

Grantor conveys to grantee on a condition, thus retains a possibility of reverter, grantee as a Fee simple Determinable

Front 6

Fee simple Determinable

Back 6

Where a grantee has a fee simple subject to a condition which if not satisfies automatically transfers back to grantor (possibility of reverter)
"so long as" "while" "during" "until"

Front 7

Right of Reentry (by the Grantor)- Power of Termination

Back 7

If grantor has right to reenter, grantee has a Fee simple on condition subsequent. Grantor retains the right to reenter upon the happening of a condition. DOES NOT automatically revert back life FSD.

Front 8

Fee Simple on Condition Subsequent (Grantee)

Back 8

Grantee has this interest when the grantor retain the right to reenter upon the happening of a condition.
"provided, however" "but if" "on condition that" DOES NOT automatically revert back like FSD.

Front 9

Remainders- Vested or Contingent

Back 9

Vest remainders are not subject to the Rule against Perp

Front 10

Vested Remainder in a grantee

Back 10

A remainder is a future interest in a third party Grantee that comes naturally and immediately on the termination of the preceding estate.

Front 11

Class gifts- Vested remainder subject to open

Back 11

When a remainder interest is conveyed to a group of unnamed persons whose members are not yet fully known, the class remains open to allow for future persons who qualify as class members by satisfying the class description.

Front 12

Executory Interests

Back 12

Executory Interest operates to cut short the estate that comes before it (third party)

Front 13

Defeasible Fees (3 types)

Back 13

Fee Simple Determinable
Fee Simple Subject to Condition Subsequent
Fee Simple Subject to Executory Interest

Front 14

Rule Against Perpetuities

Back 14

No interest is good unless it must vest, if at all, within 21 years after the death of some life in being at the creation of the interest

Front 15

What interests does the RAP always apply to? (3 types)

Back 15

Executory Interests
Contingent Remainders
Vested Remainders subject to Open (class gifts)