Real Property Estates In Land

Front 1

Present Possessory Estates

Back 1

a Free simple absolute can be sold, divide, devised, or inherited and has an indefinent or potentially infinite duration. Modernly, a fee simple obsolete is presumed

Front 2

Defeasiable Estates

Back 2

that can be terminated upon the happening of stated event

Front 3

Fee Simple Determinable

Back 3

a fee simple determinable terminates up the happening of a stated event and automatically revert to the grantor. Words used like for as long as, while, during, until (any duration languages. Can be conveyed but takes subject to being terminated at specified even.

Front 4

Fee Simple Subjecto Condition Subsequent

Back 4

a fee simple subject to a condition subsequent is an estate which the grantor reserves the right to terminate the setae upon the happing of stated even. The grantor must take some action. The estate has condition langues such as "upon condition that" provided that" "provided that" "but if" "if it happens that"

Front 5

Right of REentery

Back 5

right to reserves the rright to terminate the setae upon the happening of an event

Front 6

Fee Simple Subject to an Executory Interest

Back 6

The fee simple estate terminates upon the happening of a stated even(due to fee simple determinable or condition subsequent) and then passes to third party rather than reverting to the grater or given th grantor the right to terminate, the 3rd party has an executory inters.t

Front 7

Conditions Violating Public Policy

Back 7

conditions or limitation that violate public policy generally are stack down and the grantee takes free of restoring. If the the purpose of the condition is to penalize marriage. If it meant to support marriage or even of diverse it will be ok.

Front 8

Fee tail

Back 8

modernly just fee simple. Inheritablity is limited to lineal heirs

Front 9

life Estate

Back 9

a life estate is measured by the life or lives of one or more person.

Front 10

Life Estate pur autre vie

Back 10

by a life other than the grantees.

Front 11

Doctrine of WAste

Back 11

The life tenant is entitled to any ordinary uses and profits of the land but cnan to do anything that injures the interests of remainerman or reversion

Front 12

Voluntary Waste

Back 12

expoitoation of natural resources by a life tenant i limited to situations when .1 necessary for repair or maintaince of the land 2. suitable only for such purpose 3. expressly or impliedly permuted by the grantor. (open mines- can only expo it mines that are already open)

Front 13

Permissive Waste

Back 13

1. preserve the land ands structures in reasonable state of repair
2. pay interest on mortgages
3. pay ordinary taxes on the land
4. pay special assessment for public improvemnts short duration.
His duty is limited to the extent of income or profits generated (or FMV of the rents)
does not have to injure

Front 14

Ameliorative wAste

Back 14

is change that benefits the property economically. Can do so if a. FMV of future interest is not dimished or 2. either remainder men doe snot object
3 subtaintial change in neghborhood