Lesson 2: Freehold Estates in Land Flashcards

1
Q

Fee Simple Determinable

A

A fee simple estate, which will automatically end upon the occurrence of a specified event.

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2
Q

Fee Simple on Condition Subsequent

A

A fee simple estate which may end upon the occurrence of a specified event, at the grantor’s election.

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3
Q

Fee Simple Absolute

A

A fee simple absolute is the most unrestricted estate, and that of longest duration, known to Anglo-American law.

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4
Q

Fee Tail

A

An estate, which passes from the grantee to the grantee’s descendants.

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5
Q

Life Estate

A

An estate, which lasts for the duration of the lifetime of the grantee.

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6
Q

Life Estate pur autre vie

A

An estate which to lasts for the duration of the lifetime of a third person to the conveyance.

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7
Q

Vested Remainder

A

A future interest (1) held by a born ascertainable person; and (2) to which there is no condition other than the expiration of the preceding estate that must be met before the holder’s interest becomes a present possessory interest.

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8
Q

Contingent remainder

A

A contingent remainder is a future interest (1) which is either held by an unborn or unascertainable person; or (2) to which some condition must be met before the holder’s interest becomes a present possessory interest.

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