Present Possessory Estates Flashcards

1
Q

Fee Simple Absolute (FSA)

A

Lasts forever, absolute ownership. O to A.

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2
Q

Fee Tail

A

Generally abolished. O to A and the heirs of his body.

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3
Q

Fee Simple Determinable (FSD)

A

May last forever but may be cut short. Possibility of reverter held by O always. FSDPOR.
Look for language of duration: So long as, while, during, unless, until.
-O to A while the majority of the property is used for farming.

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4
Q

Fee Simple Subject to Condition Subsequent (FSSCS)

A
  • Words of condition: Provided however, provided that, on condition that, but if.
  • Look for a comma to set off a phrase
  • Right of Entry by O (does not automatically divest) O must re-enter.
  • AP occurs when condition is violated
  • O to A, provided that the land is always used for farming.
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5
Q

Fee Simple Subject to Executory Limitation (FSSEL)

A
  • Executory interest in 3rd party
  • automatically divests
  • O to A, unless B returns from war, then to B.
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6
Q

Waste

A
  • Affirmative: doing something that decreases the value of the property.
  • Permissive: letting something fall into disrepair.
  • Amelorative: Doing something to improve the value of the property.
  • Possessors of present and future interest may step in and prevent waste from occurring.
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