Ownership Flashcards

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1
Q

FSA

A

100% ownership forever (whole wheel of cheessde)

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2
Q

Life Estate

A

Rights and control for life.
CANNOT commit waste.
“O to A for life”

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3
Q

Life Estate Holder Obligations

A
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4
Q

Remainder

A
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5
Q

Vested Remainder

A
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6
Q

Contingent Remainder

A
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7
Q

VRS2O

A
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8
Q

VRS2TD

A
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9
Q

FSD

A
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10
Q

PoR

A
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11
Q

FSS2CS

A
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12
Q

RoR

A
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13
Q

RAP

A
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14
Q

JT

A
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15
Q

TiC

A
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16
Q

TbyE

A
17
Q

Partition

A
18
Q

Co-Tenant Contribution Rules

1) Taxes & Mortgage?
2) Rent?
3) Repairs & Improvements?

A
19
Q

Periodic Tenancy

A
20
Q

Tenancy for Years

A
21
Q

Tenancy at Will

A
22
Q

Tenancy at Sufferance

A
23
Q

Landlord Duties

A
24
Q

Tenant Duties

A
25
Q

Assignment

A
26
Q

Sublease

A
27
Q

Fixtures

A
28
Q

Conflict of Laws (RP)

A