Estates in Land Flashcards
Fee Simple (chance can lose property)
Same ownership as Fee simple absolute - difference = one of the 3 things can happen (defeasible 3 things): 1. Fee simple determinable; 2.FSCS; 3. FSEL
Fee simple absolute (no condition-vague) – no chance to lose – no defeasible
A fee simple absolute is the complete ownership in land for potentially infinite duration. It is alienable, devisable and descendible. – gets handed down
Absolute – no chance / not going anywhere – not defeasible
fee simple determinable (automatic) – like a spring and goes right back to O
A Fee simple determinable is a fee simple, meaning complete ownership, except that it sets a condition, which if not met, IMMEDIATELY returns the estate to the grantor.
Uses durational language- “so long as”, “while”, “during”
Grantor retains a future interest in possibility of reverter, which is automatic.
Ex:
O to A, so long as the property is used as a school.
O to A, while the land remains an active wheat farm.
fee simple subject to a condition subsequent (has to go to court to get it back) – string where maybe pull back on string but don’t have to
Here, the conveyance grants the property to another but sets a condition, that if the condition occurs returns the property to the grantor.
Instead of using durational language, the conveyance uses a condition as a “cut off” or “divestment” point.
“Unless”, “on the condition that”, “but if”
Grantor retains a right of re-entry, which must be enforced.
Ex: O grants his restaurant to A unless there is alcohol served on the premises. (then there is a right of re-entry in O’s estate.)
Ex: O grants his office building to A on the condition that it is never used for a law school.
fee simple subject to an executory limitation (it can go on forever but chance won’t go on forever since defeasible)
This creates a defeasible estate much like a FSCS, but there is no reversionary right in the grantor.
Upon breach of the FSEL, the estate passes to a third party.
Ex: O grants his office building to A, but if it is used as a bank, then the property transfers to B (who has the right of re-entry.)
Ex: O grants his bar to A, unless it is used for “adult entertainment,” and then to B.
Fee Tail (don’t use anymore)
A conveyance that limits future conveyances to bloodline heirs. – gets handed down
Ex: O to A and the heirs of his body.
This is effectively extinct creating a conveyance of O to A
Problem: unending, can’t give away or sell it
Alienation
The legal right to convey property. (sell, trade, give away…)
Possibility of reverter (reversion is grantor and remainder is third party) - (can be created only in the grantor-grantor’s estate)
A possibility of reverter occurs when there is a fee simple determinable that ends with violation of the condition and the estate returns automatically to the grantor.
life estate - **highly tested (you can’t give away more than you have)
A life estate passes the possessory interest in land to another for their life, and then leaves a remainder to someone else or creates a reversion. Ex: O to A for life. (Creates a reversion) This would return the land to the grantor (or the grantor’s estate) after A dies. O to A for life, and then to B. (Remainder in B)
This would give the land to B when A dies.
Waste takes three forms in life estates: (tested on)
- Affirmative Waste
- Permissive Waste.
- Ameliorative Waste
Test taking strategy:
If you have an essay that involves a Life Tenant, you MUST write on the responsibilities of the life tenant. EVERY. SINGLE. TIME.
Affirmative waste
Intentional damage to the land such as cutting down all the trees or knocking down a structure.
ameliorative waste
This is a substantial change in the property, even if it increases the value.
Ex: tore out seasonal strawberry patch to build a parking lot leased to Wal-Mart. Made millions.
Justification/Logic against Ameliorative Waste:
The remaindermen are entitled to the property the way the life tenant received it.
permissive waste
This is damage to the property that is caused by negligence. Ex: Life tenant failed to repair the roof and damage was caused.
Requirements of life tenant
Life tenant must maintain the land, repair the land and structures, pay all taxes due, and pay the interest on any outstanding mortgages or liens. Must not commit waste.
life estate pur autrie vie (only in fact pattern)
A life estate for the tenure of the life of another person.
Ex: O to A for the life of B, then after to B’s heirs.
(remainder or reversion) – remainder
privity of contract
Privity of contract allows that if an adverse possessor creates a contractual relationship related to the land, that the other party to the contract can tack their time onto the original adverse possessor. Ex: A lease is a contract. (looking for tacking) – fancy way for brought in renter