Lesson 3 Technical Rules Applied to Estates in Land Flashcards
Doctrine of Destructibility of Contingent Remainders
An interest must vest at or prior to expiration of the preceding estate expires. Any interest which has not yet vested at the time preceding estate expires is destroyed.
The Rule in Shelley’s Case
If an instrument creates a freehold in A and purports to create a remainder in A’s heirs (or the heirs of A’s body), and the estates are both legal or both equitable, the interests all merge to become a fee simple (or fee tail) in A.
Doctrine of Worthier Title
“One cannot either by conveyance or will, give a remainder to his own heirs”.
Rule Against Perpetuities
No interest is good unless it must vest, if at all, not later than 21 years after some life in being at the creation of the interest.
Rule Against Waste
If the owner of a present interest acts unreasonably and in such a way as to substantially reduce the value of the future interest, he may be liable to the owner of the future interest for that reduction in value.