Present Interests Flashcards
To A; To A and his heirs
(present estate)
Fee simple absolute
Duration: forever
To A and his heirs for so long as/until/while/during
(present interest)
Fee simple determinable;
Duration: as long as condition is met, then automatically to grantor
Future interest in grantor: possibility of reverter
No RAP
To A and his heirs but if/upon the condition that/provided that
(present interest)
Fee simple subject to condition subsequent
Duration: until happening of named event AND reentry of grantor
Future interest in grantor: right of entry
No RAP
To A and his heirs for so long as/until/while/during and if not, to B
(present interest)
Fee simple determinable subject to an executory interest
Duration: as long as condition is met, then to a third party
Future interest in third party: shifting executory interest
RAP applies
To A and his heir, but if…(upon condition that, provided that), to B
(present interest)
Fee simple subject to an executory interest
Duration: until happening of event, then to third party
Future interest in third party: Shifting executory interest
RAP applies
To A and the heirs of his body
(present interest)
Fee tail
Duration: until A and his line die out
Future interest in grantor: reversion
No RAP
To A for life
(present interest)
Life estate
Duration: until the end of measuring life
Future interest in grantor: reversion
No RAP
To A for the life of B
(present interest)
Life estate pur autre vie
Duration: until the end of the measuring life
Future interest in grantor: reversion
No RAP
To A for life, then to B
(present interest)
Life estate
Duration: until the end of the measuring life (A)
Future interest in grantor: none
Future interest in third party: remainder
No RAP
To A for life but if/on condition that/provided that, to B
(present interest)
Defeasible life estate
Duration: until the end of measuring life (A) or the happening of named event
Future interest in grantor: possibility of reverter
Future interest in third party: shifting executory interest
RAP applies