Present and future interests Flashcards
1
Q
present possessory estate
A
interest that gives holder present possession
2
Q
future possessory estate
A
gives hold right of future possession but it is a presently legally protected right in property
3
Q
when does RAP start to run
A
when the interest is created
4
Q
how is a life estate created
A
thru explicit life terms never term of years
