OWNERSHIP/PRESENT INTERESTS Flashcards

1
Q

FSA

A

Duration: Forever

Language: “To A” “To A & his heirs”

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2
Q

FSD (w/ possibility of reverter)

A

Duration: ends upon happening of a stated event. Terminates automatically

Language: “To A while/ during/ until / as long as

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3
Q

FSSCS (w/ right of entry)

A

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

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4
Q

FSSEI

A

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”

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5
Q

FT (aka FS)

A

Duration: Until A and his line dies out then reversion or remainder

Language: “To A & the heirs of his body”

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6
Q

Life Estate

A

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]

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