Exam Rules - Real Property Flashcards
What is a shifting executory interest
Cuts short a prior estate created in the same conveyance, so the estate shifts from one grantee to another grantee upon the happening of a condition
What is a springing executory interest
Divests the grantor’s interest or fills a gap in possession in which the estate reverts to the grantor
What do VA courts consider in a partition action
(i) collective duration of ownership, (ii) sentimental attachment, (iii) lawful use and harm of ceasing use, (iv) contributions, and (v) any other relevant factor
Can landlords charge late fees on rent
Landlord cannot charge fee for late payment unless the charge is provide for in the rental agreement and does not exceed 10% of the periodic rental payment
What does the writ of habitability encompass
(i) housing codes, (ii) necessary repairs, (iii) maintenance of essentials such as electricity, running and hot water, and (iv) prevention of mold
Part performance in VA
(i) the parol agreement is certain and definite, (ii) the part performance was pursuant to the agreement, and (iii) the refusal to execute the full agreement would operate as a fraud upon the performing party
What is the statutory period for adverse possession
15 years
What is the statutory period for easement by prescription
20 years
What are the requirements for an easement by prescription
Continuous Hostile Open Actual
Requirements for express equitable servitude
(WINT) Writing, Intent, Notice, Touch/concern
Requirements for implied equitable servitude
(INT) Intent (common scheme), Negative servitude Touch/concern
Requirements for real covenant that BURDENS
Writing, Intent, Touch/Concern, Horizontal/vertical privity, Notice