Introduction Flashcards

1
Q

What are the two types of present possessory interests?

A
  1. Defeasible fees 2. indefeasible fees
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2
Q

What are the two types of indefeasible interests?

A
  1. Fee simple absolute

2. Life Estate

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3
Q

What are the three types of defeasible interests?

A
  1. Determinable (until, while, during, so long as)
  2. Condition Subsequent (but if, on condition that)
  3. Executory Interest
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4
Q

What do executory interests do?

A

Cut short the prior estate

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5
Q

What is the general rule against perpetuities?

A

Any interest that is not CERTAIN to vest or fail within 21 years of a life in being is void

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6
Q

What does the RAP apply to?

A

Contingent remainders, right of first refusal, class gifts, executory interests and appointments

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7
Q

What is the cy pres approach?

A

Invalid interests are reformed to match the grantor’s interests

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8
Q

What are the 4 types of tenancies?

A
  1. Tenancy at years
  2. Periodic tenancy
  3. Tenancy at will
  4. Tenancy at sufferance
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9
Q

What is a tenancy at will?

A

No stated duration, for as long as the parties desire

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10
Q

What is a tenancy at sufferance?

A

Hold over doctrine. Tenant remains despite expiration of lease. Landlord can evict.

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11
Q

What are generally the tenant’s duties?

A

Must pay rent and not commit waste

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12
Q

What are generally the landlord’s duties?

A

Make property habitable, must repair, and must N interfere w/ tenant’s possession

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13
Q

What are the four types of nonpossessory interests?

A
  1. Easements
  2. Profits
  3. Real Covenants
  4. Equitable Servitude
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14
Q

What are the four types of easements?

A
  1. Positive Easement
  2. Negative easement
  3. Easement appurtenant
  4. Easement in gross
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15
Q

What is a positive easement?

A

right to use someone else’s land

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16
Q

What is a negative easement?

A

Right to prevent something on another’s land

17
Q

What is an easement appurtenant?

A

Involves two tracts of land

  1. Dominant Parcel has the benefit, runs w/ the land
  2. Subservient parcel has the burden, runs to grantees with notice
18
Q

What is an easement in gross?

A

One land has the burden

19
Q

What are the three ways to create an easement?

A
  1. Express
    A. Oral agreement only creates a license, N an easement
  2. Implication
    A. By necessity for a landlocked parcel
    B. By use existing before tract was divided
  3. Prescription – by adverse possession, open and notorious, continuous
20
Q

How do you terminate an easement? (several ways)

A
  1. unity of parcels
  2. condition satisfied
  3. Abandonment
  4. Estoppel
  5. Prescription
  6. Necessity
  7. Condmenation
  8. Release
21
Q

What is “profits” in this context?

A

The right to enter another’s land to get the products from the soil

22
Q

What is a real covenant?

A

Written promises to do or not do something on the land, runs with the land

23
Q

What is an equitable servitude?

A

covenants with equitable remedies; implied from a common scheme of development if notice exists

24
Q

For an equitable servitude burden to run:

A

intent, notice, touch and concern

25
Q

For an equitable servitude benefit to run:

A

intent, touch and concern

26
Q

What defenses apply to an equitable servitude?

A

equitable defenses, such as unclean hands, estoppel, changed neighborhood conditions

27
Q

What generally applies to the sale of land? What is the exception?

A

Generally, statute of frauds applies to the sale of land; however, SOF DN apply if there’s been part performance, 2/3 of improvement, possession, payment

28
Q

What warranty does a land sale contract come w/?

A

Marketable tittle

29
Q

What does a deed need in order to be valid?

A
  1. An intent to transfer land

2. Description of the property

30
Q

When is a deed effective?

A

Upon delivery

31
Q

What are the three types of deeds?

A
  1. General Deed - covenants against any titlte defects by grantor or prior title holders
  2. Special warranty deed - covenants against special title defects created by the grantor
  3. Quitclaim deed – no covenants, transfers whatever interest grantor has
32
Q

What are the elements of adverse possession?

A
  1. Actual entry giving rise to exclusive possesion that is:
  2. open and notorious
  3. adverse (w/o the owner’s permission)
  4. continuous
33
Q

What are joint tenants? How are they created?

A

Co-tenants w/ rights of surivovrship, created expressly, severed by a tenant’s sale or right to partition

34
Q

Tenants by the entirety? how are they created?

A

two spouses with rights of survivorship, created expressly or presumed, severed on divorce

35
Q

Tenants in common?

A

Two or more tenants with rights of survivorship, default if no either type of tenancy specified

36
Q

What are the three types of recording acts?

A
  1. Notice statutes: later BFP wins if earlier grantee not recorded
  2. Race-Notice: later BFP wins only if she records before earlier grantee records
  3. Race: first to record wins; actual notice is irrelevant