Forms of ownership Flashcards
Williams
daughter had a life estate upon death of testator, defeasible or determinable upon her marriage, and an executory interest in each of the other two daughters’ one-third interest which would vest in her possession if the other life tenant should die or marry while she remained unmarried
Klamath
RAP applies to executory interests
Johnson
Cannot create new form of inheritance through will
Garner
a lease that grants the tenant the right to terminate the agreement at a date of his choice creates a determinable life tenancy
Brokaw
entitled to use the building and plot reasonably for his own convenience and profit, not to ownership and dominion; would change the inheritance so it could not be delivered to the remainderman; tenant can only improve is can do so without destroying or materially altering already existing valuable buildings; types of waste
Morse
conditions restraining alienation are odious to the law and against public policy
Mountain Brow
no formal language necessary to create a fee simple subject to a condition subsequent as long as the intent of the grantor is clear
Symphony Space
options to purchase commercial property not exempt from RAP
Delfino
courts favor partition in kind; only do partition by sale when physical attributes of the land are such that a partition in kind is inequitable or impracticable; interests of the owners would be better promoted by a partition by sale
Gillmor
cotenant may sue for his share of rents and profits from common property if he has been ousted from possession; mere exclusive use of commonly held property by one cotenant is not an ouster; when a cotenant out of possession makes a clear, unequivocal demand to use land that is in the exclusive possession of another cotenant, and that cotenant refuses to accommodate the other tenant’s right to use the land, the tenant out of possession has established a claim for relief
When a cotenant in sole possession makes repairs or improvements to the common property without the consent of his fellow cotenants, he generally has no right to contribution
• But if acted in good faith or repairs were essential to preserve or protect the common estate, cotenant may be required to provide pro rata share of expenses
Harms
mortgage does not defeat cotenancy (under lien theory; under title theory, it does)
Tribune
prior in time is superior in right