OWNERSHIP/PRESENT INTERESTS Flashcards
FSA
Duration: Forever
Language: “To A” “To A & his heirs”
FSD (w/ possibility of reverter)
Duration: ends upon happening of a stated event. Terminates automatically
Language: “To A while/ during/ until / as long as
FSSCS (w/ right of entry)
Duration: ends upon happening of a stated event; grantor must take action (right of entry). Does not terminate automatically
Language: “To A & his heirs but if /upon condition/ that/ provided that
FSSEI
Duration: when FSD/FSSCS ends & then passes to 3P instead of reverting to grantor or giving grantor right to terminate
Language: “To A & his heirs for so long as/ and if not to B
“To A & his heirs, but if….. to B”
FT (aka FS)
Duration: Until A and his line dies out then reversion or remainder
Language: “To A & the heirs of his body”
Life Estate
Duration: Until A (grantee) dies or until life of other ends; then reversion/remainder
Language: “To A for life” [for life of grantee]
or “ To A for the life of B” [LE Pur Autre Vie]