Ownership Flashcards
1
Q
FSA
A
100% ownership forever (whole wheel of cheessde)
2
Q
Life Estate
A
Rights and control for life.
CANNOT commit waste.
“O to A for life”
3
Q
Life Estate Holder Obligations
A
4
Q
Remainder
A
5
Q
Vested Remainder
A
6
Q
Contingent Remainder
A
7
Q
VRS2O
A
8
Q
VRS2TD
A
9
Q
FSD
A
10
Q
PoR
A
11
Q
FSS2CS
A
12
Q
RoR
A
13
Q
RAP
A
14
Q
JT
A
15
Q
TiC
A
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
