Overview Flashcards
What is an example of a fee simple absolute?
“To A and his heirs”
“to A”
Fee simple absolute – duration?
Foever
Fee simple absolute – Future interest grantor retains?
None.
Fee simple absolute – future interest in third party?
None.
Fee simple determinable– examples?
1) To A & his heirs for so long as . . .”
2) To A & his heirs until . . .”
3) To A & his heirs for while . . .”
4) To A & his heirs during . . .”
Fee simple determinable– duration?
1) As long as condition is met
2) then AUTOMATICALLY
3) back to grantor
In a fee simple determinible, what does the grantor have to do to get the interest back?
NOTHING – once the condition the grantor put in is violated, it returns back to them automatically.
If I give 260 Lake Ave to Brian Kabel so long as he uses it as a brew house, what do I have while Brian Kabel operates it as a Brew house?
1)A possibility of revert-er future interest
2) in a fee simple determinable present estate
Fee simple determinable– future interest grantor retains?
Possibility of reverter
Fee simple determinable– Third Party future interest?
Fee simple subject to condition subsequent– examples?
1) “To A & his heirs for but if. . .”
2) “To A & his heirs upon condition that. . .”
3) “To A & his heirs provided that. . .”
Fee simple subject to condition subsequent– duration?
1) until named event happens
THEN
2) grantor reenters
Fee simple subject to condition subsequent– What is the grantor’s future interest?
Right of entry
Fee simple subject to executory interest– examples?
“To A and his heirs for so long as . . . and if not . . . To B”
“To A and his heirs for so long as . . . and if not . . . to B”
What are the two types of duration in a fee simple subject to an executory interest?
1) as long as condition is met, if not, then to a third party
2) until the happening of an event
