Property Law

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  1. Fee Simple Absolute Language to Create
    To A and his heirs, or to A
  2. Fee Simple Absolute Duration
    Absolute ownership of potentially infinite duration
  3. Fee Simple Absolute Transferability
    Divisible, Descendible, alienable
  4. Fee Simple Absolute Future Interest
    None - cannot be a remainder
  5. Fee Tail Language to Create
    To A and the heirs of his body
  6. Fee Tail Duration
    Lasts only as long as there are lineal blood descendants of grantee
  7. Fee Tail Transferability
    Passes automatically to the grantee’s lineal descendants
  8. Fee Tail Future Interest
    Reversion if held by the grantor, Remainder if held by third party
  9. Defeasible Fees Language to Create
    To A so long as…
  10. Defeasible Fees Duration
    Potentially infinite, so long as the event does not occur
  11. Defeasible Fees Transferability
    Alienable, devisable, descendible, subject to condition
  12. Defeasible Fees Future Interest
    Possibility of reverter (held by grantor)
  13. Fee Simple Determinable Language to Create
    To A until…, to A while…
  14. Fee simple determinable Duration
    Potentially infinite, so long as the event does not occur
  15. Fee Simple Determinable Transferability
    Alienable, devisable, descendible, subject to condition
  16. Fee Simple Determinable Future Interest
    Possibility of reverter (held by grantor)
  17. Fee Simple to Condition Subsequent Language to Create
    To A. But if X event happens, grantor reserves the right to reenter and retake (Grantor must carve out right to reenter)
  18. Fee simple Condition Subsequent Duration
    Potentially infinite, so long as the condition is not breached and thereafter, until the holder of the right of entry timely exercises the power of termination.
  19. Fee Simple Condition Subsequent Transferability
    Alienable, devisable, descendible, subject to condition
  20. Fee Simple Condition Subsequent Future Interest
    Right of reentry/power of termination (held by grantor)
  21. Fee simple subject to an executor limitation Language to Create
    To A, but if X event occurs, then to B
  22. Fee simple subject to an executor limitation Duration
    Potentially infinite, so long as stated contingency does not occur
  23. Fee simple subject to an executor limitation Transferability
    Alienable, devisable, descendible, subject to condition
  24. Fee simple subject to an executor limitation Future Interest
    Executory Interest (held by third party)
  25. Life Estate Language to Create
    To A for life. To A for the life of B.
  26. Life estate Duration
    Measured by life or transferee or by some other life. (pur autre vie)
  27. Life estate Transferability
    Alienable, devisable, and descendible if pur autre vie and measuring life is still alive
  28. Life Estate Future Interest
    Reversion (if Held by Grantor), Remainder (If held by third party)
  29. Reversion
    Property automatically reverts back to the grantor
  30. Remainder
    a future interest given to a person (who is referred to as the transferee or remainderman) that is capable of becoming possessory upon the natural end of a prior estate created by the same instrument. Thus, the prior estate must be one that is capable of ending naturally,

Card Set Information

Author:
 Anonymous
ID:
 276481
Filename:
 Property Law
Updated:
2014-06-09 23:45:47
Tags:
property
Folders:

Description:
Property Law
Show Answers:

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