2. Freehold Estates (2) kinds of freehold rights in realty

Question 1

FEE SIMPLE (2) types - can will it

Answer 1

Absolute … Determinable

Question 2

Fee Simple … ABSOLUTE - can will it

Answer 2

ABSOLUTE
the highest form of ownership - can do everything except government restrictions

DETERMINABLE
1. Condition subsequent
2. Condition precedent
>characterized by the phrase “so long as”
>continues until an event should or should not occur
>if the event occurs contrary to stated, the estate is lost
>sometimes referred to as Base, Qualified, or Defeasible
>can do everything except government and social restrictions

Question 3

Fee Simple … DETERMINABLE - can will it

Answer 3

DETERMINABLE
1. Condition subsequent
2. Condition precedent
>characterized by the phrase “so long as”
>continues until an event should or should not occur
>if the event occurs contrary to stated, the estate is lost
>sometimes referred to as Base, Qualified, or Defeasible
>can do everything except government and social restrictions

Question 4

LIFE ESTATES (2) types - cannot will

Answer 4

Ordinary … Legal

Question 5

Life Estates … ORDINARY
four (4) groups - all four (4) ordinary life estates cancel the life estates owner’s rights and leases upon death of GRANTEE or other named party:

Answer 5

i. REVERSIONARY INTEREST
ii. PUR AUTRE VIE REVERSIONARY INTERST
iii. REMAINDER INTEREST
iv. PUR AUTRE VIE REMAINDER INTEREST

Question 6

Life Estates … Ordinary - i. REVERSIONARY INTEREST

Answer 6

GRANTOR or heirs get realty back when GRANTEE dies

Question 7

Life Estates … Ordinary - ii. PUR AUTRE VIE REVERSIONARY INTERST

Answer 7

GRANTOR or heirs get realty back if party named other than

GRANTEE dies

Question 8

Life Estates … Ordinary - iii. REMAINDER INTEREST

Answer 8

When the GRANTEE dies, the third named receives a

fee absolute or defeasible estate

Question 9

Life Estate … Ordinary -

iv. PUR AUTRE VIE REMAINDER INTEREST

Answer 9

When the person other than the GRANTEE dies, the
third party named other than the GRANTOR gets a fee
absolute or defeasible estate

Question 14

Life Estates … LEGAL (3) groups - cannot will

Answer 14

Dower … Curtesy … Homestead

Question 15

Life Estates … Legal - DOWER

Answer 15

Wife’s right to realty in a non-community property state

Question 17

Life Estates … Legal - HOMESTEAD

Answer 17

An owner of realty who is an owner occupant

protected from involuntary debts in some states

Question 19

Life Estates … Legal - CURTESY

Answer 19

Husband’s right to realty in a non-community prop state