Possessory Estates Flashcards
Doctrine of Waste
Affirmative -> voluntary acts -> substantially lower value of property
permissive -> failure to act
ameliorative -> B has right to land in current state
Fee Simple Determinative (FSD)
O to A SO LONG AS land is used for farming
“possibility of reverter” in O
Automatic divestiture
Duration words
- so long as; unless; while; as long as; during; until
Fee Simple Subject to Condition Subsequent (FSSCS)
O to A , PROVIDED THAT land is always used to farm
COMMA + conditional language limiting something
“right of reentry” in O
Conditional Words
- provided, however; on condition that; provided that; but if
Fee Simple Subject to Executory Limitations (FSSEL)
O to A, provided land always used for farming, OTHERWISE TO B.
future interest given to someone else
automatic divestiture -> “executory interest” in 3rd party