Present Possessory Estates Flashcards
1
Q
Fee Simple Absolute (FSA)
A
Lasts forever, absolute ownership. O to A.
2
Q
Fee Tail
A
Generally abolished. O to A and the heirs of his body.
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.
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.
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.
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.