Prop Flashcards

1
Q

What are life t duties doctrine of waste

A

๐ŸšฉENTITLED TO ORDINARY USES AND PROFITS OF THE LAND
๐Ÿข๐ŸšฉCANT DO ANYTHING TO INJURE REMAINDERMAN OR REVERSIONER

๐ŸขTHEY CAN SUE FOR DAMAGES AND ๐ŸšฉENJOIN SUCH ACTS. IF REMAINDERMAN. PAYS MONEY TO MEET LIFE TS OBLIG ๐Ÿฅentitle to reimbursement๐Ÿšฉ

AFFIRMATIVE VOL WASTE

LIFE T CANT EXPLOIT RESOURCES UNLESS NEC FOR REPAIR OR MAINTENANCE

๐ŸŒˆLAND IS SUITABLE ONLY FOR SUCH USE
๐ŸฅPERMISSION OF GOR
Open mines DOCTRINE
IF MINEING WAS DONE ON LAND PRIOR TO LIFE ESTATE LIFE T CAN MINE LAND BUT ONLY. To MINES ALREADY OPEN

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2
Q

Permissive waste

A

MAINTAIN LAND AND STRUCTURES IN A REAS STATE OF REPAIR
๐ŸšฉPAY ORDINARY TAXES
๐ŸšฉINTEREST ON MORTGAGES NOT PRINCIPAL
๐ŸšฉPAY SPECIAL ASSIGNMENT FOR PUBLIC IMPROVEMENT OF SHORT DURATION
๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ

LONG PUBIC IMPROVEMENT APPORTION ED BET LIFE T AND FUTURE INTEREST HOLDERS
PERMISSIVE WASTE OCCURS WHEN LIFE T FAILS TO DO SO

๐ŸšฉDUTY LIMITED TO EXTENT OF INCOME AND PROFITS FROM LAND or REEAS RENTAL VALUE
๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ณ

Life T NOT OBLIGED TO INSURE LAND FOR BENEFIT OF REMAINDER MAN. Not RESPONSIBLE FOR DAMAGES CAUSED BY THIRD PARTY TORTFEASOR
๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ

Ameliorative waste
CHANGE THAT BENEFITS PROP ECONOMICALLY
๐ŸขACTIONABLE AT CL BUT NOW LIFE T CAN ALTER OR DEMOLISH EXISTING PROPERTY PROP IF
IT DOES NOT DIMINISH REMAINDERMANS INTEREST AND EITHER THE REMAINDERMEN DO NOT OBJECT OR THERE IS A SUBSTANTIAL AND PERMANENT CHANGE IN NEIGHBORHOOD FROM RESIDENTIAL TO 90% industrial
๐Ÿšฉthat has deprived prop of substantial form of PRODUCTIVITY

Leasehold Ts remain liable for ameliorative waste

even if neighborhood has changed

Worthless prop seek partition sale trust w income for life t

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3
Q

Reversion in GOR

A

ALIENABLE DEVISABLE DESCENDIBLE
Gor can sue for waste
Damages to reversionary interest

Revers interests vested not subj to rule v perp

Remainder future interest in third p Bec possessory on natural expiration of preceding estate
It cannot divest preceding estate or follow a gap

It must be EXPRESSLYCREATED IN THE INSTRUMENT creating prior estate

Vested remainder
NOT SUBJECT TO CONDITION PRECEDENT AN EXISTING OR ASCERTAINED PERSON

INDEFEASIBLY VESTED REMAINDER NOT SUBJECT TO DIVESTMENT OR DIMINUTION

Contingent remainder
Unborn unascertained and subj to condition precedent

๐Ÿšฉ๐ŸšฉCL contingent remainder destroyed if failed to vest on or b4 expiration of preceding estate ๐Ÿšฉ๐Ÿšฉ
O to A FOR LIFE THEN TO B IF REACHES 21
IF A DIES B4 B REACHES 21 REMAINDER DESTROYED PROPERTY REVERTS TO GOR
BUT
Modern ABOLISHED IN MOST SYATES Bs interest converted to executory interest divests from gors reversionary interest when B TURNS 21

DOCTRINE OF MERGER WHEN ONE PERSON AQUIRES PRESENT AND FUTURE INTEREST EXCEPT A CONTINGENT REMAINDER THE CONTINGENT REMAINDER IS DESTROYED

O TO A FOR LIFE THEN TO BS CHILDREN

IF B4 B HAS CHILDREN O PURCHASES AS LIFE ESTATE O HAS A LIFE PUR AUTRA VIE AND A REVERSION. The INTERESTS MERGE AND THE CONTINGENT REMAINDER IN BS UNBORN CHILDREN IS DESTROYED

BUT IF A LIFE ESTATE AND THE NEXT VESTED INTEREST WERE CREATED BY THE SAME INSTRUMENT NO MERGER

MERGER OCCURS WHERE ONE PERSON LATER AQUIRES IMMED SUCCEESSIVE ESTATES

RULE IN SHELLYS CASE AGAINST REMAINDER IN GE HEIRS
AT CL IF SAME INSTRUMENT CREATEDLIFE ESTATE AND GAVE REMAINDER TO GEsHEIRS
The REMAINDER WAS NOT RECOGNIZED AND A TOOK LIFE ESTATE AND REMAINDER

O TO A FOR LIFE THEN TO B FOR LIFE THEN TO THE HEIRS OF A.

THE RULE IN SHELLYS CASE TRANSFORMS THE REMAINDER IN AS HEIRS TO A REMAINDER IN A BUT HERE NO MERGER BEC REMAINDER FOR LIFE OF B IS. VESTED

TO A FOR LIFE THEN TO As HEIRS. REMAINDER IN A. A HAS A FEE SIMPLE

RULE IN SHELLYS CASE ABOLISHED IN MOST STATES

Modern Result As HEIRS HAVE A CONTINGENT REMAINDER

DOCTRINE OF WORTHIER TITLE RULE OF REMAINDER IN GORS HEIRS INVALID BEC REVERSION IN GOR

O TO A FOR LIFE THEN TO THE HEIRS OF O.
UNDER DOWT A HAS LIFE ESTATE O HAS A REVERSION

DOWT IS A RULE OF CONSTRUCTION IT ๐ŸšฉDOES NOT APPLY IF INTENT TO CREATE REMAINDER IN GEs HEIRS IS CLEARLY MANIFESTED

๐Ÿšฉ๐Ÿšฉ๐ŸšฉDOWT APPLIES ONLY TO INTERVIVOS TRANSFERS NOT WILLS. And ONLY IF THE WORD โ€œHEIRS โ€œ is USED

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4
Q

EXECUTORY INTERESTS

SPRINGING EXECUTORY INTEREST

A

EXECUTORY INTERESTS in THIRD PARTIES THAT EITHER
1 DIVEST A TE PRECEDING FREEHOLD ESTATES ๐ŸŒŽ๐Ÿ๐ŸšฉSHIFTING INTERESTS OR
2 OR FOLLOW A GAP OR. CUT SHORT A GORs ESTATE ๐Ÿšฉ๐ŸšฉSPRINGING INTEREST

O TO A AND HIS HEIRS WHEN A MARRIES B
A HAS A SPRINGING EXECUTORY INTEREST BEC IT DIVESTS GORS ESTATE

O TO A FOR LIFE THEN TO B AND HIS HEIRS BUT IF B PREDECEASES A TO C AND HIS HEIRS
C HAS A SHIFTING EXECUTORY INTEREST BEC IT DIVESTS A PRIOR ESTATE

๐Ÿšฉ๐ŸšฉEXECUTORY INTERESTS ARE SUBJECT TO THE RULE V PERP

A REMAINDER CANNOT FOLLOW FEE SIMPLE

Transferability of REMAINDER AND EXECUTORY INTERESTS
VESTED REMAINDERS FULLY TRANSFERABLE DESCENDABLE AND DEVISABLE

At CL CONTINGENT REMAINDERS AND EXECUTORY INTERESTS WERE NOT TRANSFERABLE INTERVIVOS
BUT โ€ฆ.TODAY FULLY TRANSFERABLE
Contingent remainders and EXECUTORY interest ARE DIFFERENT DSESCENDABLE AND DEVISABLE PROVIDED SURVIVAL NOT CONDITION

๐Ÿšฉ๐Ÿšฉ๐ŸšฉANY FUTURE INTEREST THAT IS TRANSFERABLE IS SUBJECT TO INVOL TRANSFER THAT MEANS ๐Ÿณ๐Ÿณ๐Ÿณ๐ŸšฉREACHABLE BY CREDITORS

Vested remainder subj to open.
WHERE AT LEAST ONE MEMBER OF THE CLASS EXISTS
CONTINGENT ๐Ÿšฉ๐ŸšฉWHERE ALL MEMBERS OF CLASS UNASCERTAINED
Members of class successors can take if no req of survival

Class subj to open unascertained members
TO A FOR LIFE REMAINDER TO Bs CHILDEN. NO GOOD TITLE AS LONG AS B ALIVE

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5
Q

WHEN CLASS CLOSES

A

THE RULE OF CONVENIENCE

IN THE ABSENCE OF EXPRESS CONTRARY INTENT THE CLASS CLOSES AND NOONE BORN AFTER THAT TIME CAN SHARE IN THE GIFT
๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐ŸšฉWHEN SOME MEMBER CAN CALL FOR DISTRIBUTION OF HER SHARE

T to W FOR LIFE THEN TO As CHILDREN
WHEN WILL EXECUTED A HAS TWO CHILDREN B AND C. A has another child D T DIES A HAS ANOTHER CHILD โ€”-E. Then W DIES A HAS CHILD F.
THE CLASS CLOSED AT ๐Ÿšฉ๐Ÿšฉ๐ŸšฉWs DEATH BEC IT WAS TIME TO MAKE THE DISTRIBUTION

Ts WILL DEVISES RESIDUE OF HIS ESTATE TO THOSE OF As CHILDREN WHO REACH 21 IF ANY CHILD is 21 AT Ts DEATH THE CLASS CLOSES
OTHERWISE IT CLOSES WHEN ONE OF As CHILDREN REACHES 21

If IT HAD BEEN A FUTURE GIFT TO A FOR LIFE THEN TO THOSE OF As CHILDREN WHO REACH 21 ๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐ŸšฉTHE CLASS WOULD REMAIN OPEN UNTIL THE LIFE T DIES EVEN IF CHILDREN REACH 21

PERSONS IN GESTATION ARE ๐Ÿšฉ๐Ÿšฉ๐ŸšฉINCLUDED IN THE CLASS

๐Ÿšฉ๐Ÿšฉ๐ŸšฉSURVIVAL OF A CLASS MEMBER TO THE TIME OF CLOSING IS USUALLY UNNECESSARY TO SHARE IN THE FUTURE GIFT UNLESS SURVIVAL WAS MADE AN EXPRESS CONDITION
TO A FOR LIFE THEN TO HIS SURVIVING CHILDREN

CERTAIN TERMS CREATE IMPLIED SURVIVORSHIP CONDITIONS. โ€”-WIDOW issue HEIRS NEXT OF KIN

TO A FOR LIFE REMEMBER TO THOSE OF Bs CHILDREN WHO SURVIVE A
CONTINGENT REMAINDER IN BS CHILDREN EVEN IF B DIES OR BS CHILDREN ARE IN EXISTENCE

Indefensibly vested remainder
To A FOR LIFE THEN TO B

Contingent remainder
TO A FOR LIFE THEN TO B IF B MARRIES C
To A FOR LIFE THEN TO AS SURVIVING CHILDREN

SHIFTING EXECUTORY INTERESTS
โ€œTo A for life, remainder to B and her heirs; but if B predeceases A, then to C and his heirs.โ€ (C has a shifting executory interest.)

SPRINGING EXECUTORY INTEREST
โ€œTo A when and if he becomes a doctor.โ€
or
โ€œTo A for life, then two years after Aโ€™s death, to B.โ€

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6
Q

TRUST

A

Fiduciary relationship w respect to specific property RES
TRUSTED HOLDS LEGAL TITLE TO PROP SUBJECT TO ENFORCEABLE EQUITABLE RIGHTS IN BENEFICIARY
The CREATOR OF THE TRUST IS THE ๐Ÿšฉ๐ŸšฉSETTLOR WHO MUST OWN PROP AT THE TIME OF TRUST CREATION w ๐Ÿšฉ๐ŸšฉINTENT TO CREATE

RULE V PERP APPLIES TO EQUITABLE FUTURE INTERESTS OF BENEFICIARIES AS WELL AS LEGAL FUTURE INTEREST

๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐ŸšฉCREATION OF TRUST
BY WILL TESTIMENTARY TRUST
INTER VIVOS TRANSFER OF TRUST RES OR
INTER VIVOS DECLARATION THAT SETTLOR IS HOLDING PROP IN TRUST

๐Ÿ˜†๐Ÿšฉ๐Ÿšฉ๐ŸšฉALL TRUSTS OF REAL PROPERTY MUST BE IN WRITING

A SETTLOR MAY BEQUEATH ๐ŸฅBY WILL ๐ŸฅPROP TO A TRUST CREATED IN HIS LIFETIME ๐ŸฅHE MAY POOR IT OVER INTO THE TRUST

Charitable trust ๐ŸŒŽmust have a charitable PURPOSE
๐ŸฅMUST HAVE INDEFINITE BENEFICIARIES
๐ŸฅIT MAY BE PERPETUAL RULE V PURP DOESNโ€™T APPLY
๐ŸฅThe CY PRES DOCTRINE ALLOWS A CT TO SELECT ANOTHER CHARITY WHEN THE SETTLORS PURPOSE BEC IMPOSSIBLE OR IMPRACTICABLE
๐Ÿš™CHARITABLE TRUSTS MAY BE ENFORCED BY STATE ATTY GEN

Rule v purp does mot apply from private to charitable or charitable to private

RULE V PERP
INTEREST IN PROP MUST VEST NO LATER THEN 21 YRS AFTER SOME LIFE IN BEING MEASURING LIFE AT THE CREATION OF INTEREST

๐Ÿšจ๐Ÿšจ๐Ÿšจ๐ŸšจIF THERE IS ANY POSSIBILITY THAT THE INTEREST MIGHT VEST MORE THEN 21 YRS AFTER SOME LIFE IN BEING INTEREST IS VOID

๐Ÿฅฆ๐Ÿฅฆ๐Ÿฅฆ๐ŸฅฆRule APPLIES TO CONTINGENT REMAINDERS EXECUTORY INTERESTS VESTED REMAINDER SUBJECT TO OPEN
OPTIONS TO PURCHASE NOT ATTACHED TO A LEASEHOLD ๐ŸŒญ๐ŸŒญ๐ŸŒญ๐ŸŒญ
๐Ÿฃ๐Ÿฃ๐Ÿฃ๐ŸฃRIGHTS OF FIRST REFUSAL and
โ›‘โ›‘โ›‘โ›‘โ›‘POWERS OF APPOINTMENT

๐Ÿธ๐Ÿธ๐ŸธWHEN PERP PERIOD BEGINS TO RUN

๐Ÿป๐Ÿป๐ŸปFOR INTERESTS CREATED BY WILL
๐ŸฆŸ๐Ÿฝ THE DATE OF THE Ts DEATH
FOR DEEDS. DATE OF DELIVERY
IRREVOCABLE TRUST. DATE IT Was CREATED
REVOCABLE TRUST. THE DATE IT BEC IRREVOCABLE

An interest vests when it bec possessory, an indefeasibly vested remainder or vested remainder subject to total divestment

๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘RULE V PERP
WHEN IT COULD POSSIBLY VESTNOT WHEN IT IS LIKELY TO VEST OR WHEN IT DOES
๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง
LOOK AT GRANT AT TIME OF CREATION
THE INTEREST MUST VEST WITHIN A LIFE IN BEING PLUS 21 YRS. IF THERE IS ANY POSSIBILITY THAT IT COULD VEST BEYOND THAT PERIOD
๐Ÿ•บ๐Ÿผ๐Ÿ‘ฏโ€โ™‚๏ธ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐Ÿผ๐Ÿ•บ๐ŸผiT IS VOID

Ives IN BEING HUMAN AND REAS IN NUMBER

๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘งRULE V PURP DOES NOT APPLY TO VESTED REMAINDERS
๐ŸฅฆEXCEPT VESTED REMAINDER SUBJECT TO OPEN

INFECTIOUS INVALIDITY
IF INTEREST VIOLATES RULE V PERP IT WILL BE STRICKEN UNLESS T WISHES ENTIRE GIFT FAIL

COMMON PITFALL CASES
EXECUTORY interests FOLLOWING DEFEASIBLE FEE TO A FOR SO LONG AS NO LIQUOR CONSUMED ON PREMISES THEN TO B VIOLATES PERP Bs INTEREST IS STRICKEN.
EXECUTORY interests VALID IF SPECIFIC TO FEE HOLDER OR EXPRESSLY W IN PERP PERIOD

IF O TO A BUT IF LIQUOR EVER CONSUMED ON THE PREMISES TO B HERE ENTIRE CONDITION STRIKEN

GIFT TO CLASS BEYOND AGE 21 VOID

FERTILE OCTOGENARIAN
WOMAN PRESUMED TO BE CAPABLE OF BEARING CHILDREN AT ANY AGE
To A FOR LIFE THEN TO As CHILDREN FOR LIFE THEN TO As GRANDCHILDREN FOR LIFE
REMAINDER TO As GRANDCHILDREN INVALID
PERP REFORM STATUTE PRESUME WOMAN OVER
55 CANT BEAR CHILDREN

UNBORN WIDOW OR WIDOWER
TO A FOR LIFE THEN TO As WIDOW FOR LIFE THEN TO As SURVIVING ISSUE IN FEE GIFT TO ISSUE INVALID BEC W MIGHT NOT IN VOLVED WHEN INTEREST CREATED NOT SP IN BEING WHEN INTEREST CREATED

REMAINDER TO As CHILDREN WOULD BE VALID BEC THEY COULD BE DET AT DEATH
Few STATES RAISE PRESUMPTION THAT WIDOW IN BEING

Administrative CONTINGENCY VIOLATES RULE
GIFT CONDIT ON ADMINISTRATIVE CONTINGENCY IS INVALID
gift conditioned on an administrative contingency (e.g., admission of will to probate) violates the Rule.
Example: A gift โ€œto my issue surviving at the distribution of my estateโ€ is invalid
because the estate might be administered beyond the period of the Rule.

Options to purchase not attached to leasehold later then end of perp period Some CTs CONSTRUE REAS TIME and RT of first refusal
If right of FIRST REFUSAL BEYOND PERP PERIOD INVALID
THE RULE DOES NOT APPLY TO A CURRENT TENANT OR HIS ASSIGNS BUT IN DOES APPLY TO FORMER T OR TO ANY PARTY TO WHOM CURRENT T TRANSFERS OPTION SEPARATE FROM LEASE

RT of FIRST REFUSAL IS PRESUMED TO BE PERSONAL TO HOLER IN MANY STATES NOT SUBJECT TO RULE

CLASS GIFT BAD AS TO ONE BAD AS TO ALL
If INTEREST OF ANY CLASS MEMBER TO REMOTE WHOLE CLASS GIFT FAILS
FOR CLASS GIFT TO VEST CLASS MUST BE CLOSED AND ALL CONDIT PRECEDENT MET FOR EACH MEMBER

GIFT TO SUBCLASS EXCEPTION
GIFT TO ISSUE OF LIVING CHILDREN VALID
GIFT TO ISSUE OF AFTERBORN CHILDREN VOID

PER CAPITA GIFT. Gift OF FIXED AMOUNT TO EACH MEMBER OF CLASS NOT TREATED AS CLAS GIFT UNDER THE RULE

If

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7
Q

RULE IN DUMPHORS CASE

A

Once LL KNOWINGLY ACCEPTS ASSIGNMT
LL DID NOT OBJECT BY KNOWINGLY ACCEPTING RENT FROM ASSIGNEE

DUMPHOR ONCE LL ACCEPTS ONE ASSIGNMENT
HE WAIVES COVENANT AS TO FUTURE TRANSFERS UNLESS HE EXPRESSLY RESERVES IT she waives her right to avoid future transfers unless she expressly reserves the right to do so.
The reservation of this right must take place at the time of granting consent.

Transfer IN VIOLATION OF LEASE DOES NOT MAKE TRANSFER VOID LL MAY TERMINATE LEASE OR SUE FOR DAMAGES

ASSIGNMENT BY LL OF RENT AND REVERSION BY CONVEYING A BLDG TO NEW O BY DEED

RTS OF ASSIGNEE V TENANTS
ONCE Ts ARE GIVEN REASONABLE NOTICE OF Assignment THEY MUST PAY RENT TO NEW OWNER
The BENEFIT OF ALL TENANT COVENANTS THAT TOUCH AND CONCERN THE LAND. RUNS W THE LLs ESTATE TO THE NEW OWNER THE BURDEN OF LLs COVENANT THAT TOUCH AND CONCERN THE LAND RUNS W LL ESTATE TO ASSIGNEE
The ASSIGNEE IS LIABLE FOR PERF OF THESE COVENANTS

The original LL REMAINS LIABLE ON ALL THE COVENANTS HE MADE IN THE LEASE

LAND (INTENT BENEFIT THE LL AND BURDEN THE TS AND VISA VERSA. โ€”

IF ENTIRE LEASEHOLD IS TAKEN BY EMINENT DOMAIN THE T IS NOT LIABLE FOR RENT. The. LEASEHOLD AND THE REVERSION IS MERGED IN THECONDEMNOR. There is no longer a leasehold estate
THE LESSEE IS ENTITLED TO COMPENSATION
๐Ÿšฉif THE TAKING IS TEMPORARY ORPARTIAL THE T IS NOT DISCHARGED FROM THE RENT๐Ÿšฉ๐Ÿšฉ๐ŸšฉBUT IS ENTITLED TO COMPENSATION FOR THE TAKING

TorT LIABILITY OF LL AND T

๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐Ÿ’‘AT CL THERE IS NO DUTY TO MAKE THE PREMISES SAFE
TODAY THERE ARE ๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿป๐Ÿฃ๐Ÿšจ๐Ÿณ๐Ÿš™๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿฝ๐ŸŒŽ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿฅฆ
๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ๐Ÿšฉ6๐Ÿšฉ๐Ÿšฉ๐ŸšฉEXCEPTIONS

1 CONCEALED DANGEROUS CONDIT LATENT DEFECT
AT THE TIME OF ENTERING INTO LEASE LL KNOWS OR SHOULD KNOW OF A DANGEROUS CONDITION THAT

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8
Q

Accession

A

Anexors INTENT TO MAKE OBJECT PART OF REALITY

Build house on land erroneously believed she owned
Some ct good faith trespassers get vVALUE ADDED. TO THE LAND NOT CONSTRUCTION COSTS

IF LANDOWNER DEFAULT ON CHATTEL PAYMT AND MORTG PAYMTS FIRST TO RECORD WINS EXCEPT IF S OF CHATTEL FILES
Under UCC S WINS IF FIXTURE FILING WITH IN 20 DAYS AFTER CHATTEL AFFIXED TO LAND

Easements covenants profits servitude non possessory interest RT to use land possessed by someone else

Easement holder RT TO USE ANOTHERS TRACT OF LAND FOR A SPECIAL PURPOSE LAY PIPE ACCESS ROAD NO RT TO POSSESS AND ENJOY

PRESUME PERPETUAL DURATION
AFFIRMATIVE EASEMT HOLDER CAN MAKE AFFIRMATIVE USE OF SERVIENT TENAMENT
NEGATIVE EASEMENT HOLDER CAN COMPEL O OF SVIENT TEN TO REFRAIN FROM ACTIVITY

LIGHT AIR LATERAL AND SUBAJACENT SUPPORT
FLOW OF ARTIFICIAL STREAM TODAY NEG EASEMTS ARE RESTRICTIVE COVENANTS

EASEMENT APPURTENANT BENEFITS HOLDER IN HIS USE AND ENJOYMENT OF ANOTHER TRACT OF LAND
BENEFIT OF EASEMENT APPURTENANT PASSES W LAND EVEN IF NOT MENTIONED
BURDEN OF EASEMENT APPURTENANT PASSES UNLESS๐Ÿšฉ๐ŸšฉNEW O IS A BONIFIED PURCHASER W NO ACTUAL OR CONSTRUCTIVE NOTICE

IT CANNOT BE CONVEYED APART FROM DOMINANT TEN UNLESS CONVEYED TO SVIENT TEN TO EXTINGUISH THE EASEMENT

Easmt in gross INDEP of land personal use
If serves commercial economic interest transferable

Express grant
WRITING IF A YR OR LESS OUTSIDE STATUTE OF FRAUDS MEET REQ OF DEED
Easement by reservation GOR conveys land but reserves RT to use tract for a special purpose
Only for GOR ANYONE ELSE VOID

Easement by implication
Operation of law
PRIOR TO DIVISION OF LAND
APPARANT AND CONTINUOUS USE OF SVIENT TEN
REAS NEC FOR FOR ENJOYMENT OF THE DOMINANT PART
Parties INTENDED USE TO CONTINUE AFTER DIVISION OF LAND

Easement implied without existing use

SUBDIVISION PLATT

IF LOTS SOLD W REF TO MAP ORPLAT SHOW STREETS LEADING TO LOT
B HAVE IMPLIED RT TO USE STREET LEADING TO LOTS

PROFIT A PENDRE
IMPLI3D EASEMT TO GO OVER SURFACE OF LAND TO EXTRACT PRODUCT

Easement by NECESSITY
LANDOWNER SELLS A PORTION OF HIS PLOT AND BY THE DIVISION DEPRIVES ONE OF PUBLIC RD OR UTILITY
O OF SVIENT TEN HAS RT TO LOCATE EASEMENT

Easement by prescription
Open and notorious discoverable on inspect
ADVERSE WITHOUT PERMISSION
CONTINUOUS AND UNINTERRUPTED FOR THE STATUTORY PERIOD
EASMT INTENDED TO MEET PRESENT AND FUTURE USEBUT IF DIVISION OVERBURDENES SVIENT ESTATE LOT O WILL NOT SUCCEED TO EASEMENT

Overuse or misuse does not terminate easement get injunction

Easement o has duty to make repairs if both use repair apportioned

Grant A YR OR LESS MO WRITING 
๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐Ÿ›น๐Ÿ›น๐Ÿ›น
RESERVATION BY GOR TOUSE TRACT FOR SPECIAL PURPOSE 
๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐Ÿ›น
IMPLICATION
PREEXISTING USE 
๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ
PRIOR TO DIVISION OF LAND
APPARENT AND CONTINUOUS 
NEC FOR ENJOYMENT OF DOMINANT PART
PARTIES INTENDED USE TO CONTINUE 
PRESCRIPTION 
๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐Ÿ›น๐Ÿ›น๐Ÿ›น๐Ÿ›น
OPEN NOTORIOUS Such that truly owner would make sufficiently APPARENT TO PUT TRUE O ON NOTICE TO PUT TRUE OWNER ON  NOTYNOUCONTINUOUS AND UNINTERUPTED FOR STATUTORY PERIOD 

Easement without ANY EXISTING USE
SUBDIVISION PLAT
Map or plat streets lead to lots
Implied easement to use street to access lots

Profit a pendra
Implied easement to go overland

Easement by A NEC

Easmt by prescription
OPEN NOTORIOUS
ADVERSE
CONT AND UNINTERRUPTED FOR THE STATUTORY PERIOD
CTs assume EASEMT intended to meet present and future needs wider cars if dominant estates subdued
Lot o will not succeed if overburden SVIENT est

Termination of easemts
1 STATED CONDITIONS
2 EASEMT AND SVIENT TENAMT MERG

Same PERSON AQUIRES OWNERSHIP OF THE EASEMT AND THE SVIENT ESTATE
โ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธโ›ณ๏ธ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ

The DOMINANT AND SVIENT ESTATE MERG and EASEMENT IS DESTROYED The unity must be complete THE DURATION OF THE SVIENT TEN MUST BE EQUAL TO OR LONGER THAN THE DURATION OF THE DOMINANT ESTATE

Deed of release from o of EASEMT to O OF SVIENT TENAMENT. Including EASEMENT IN GROSS

ABANDONMENT DEMONSTRATE BY PHYSICAL ACTION BUILD STRUCTURE THAT BLOCK EASEMENT ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ
๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐Ÿ›น๐Ÿ›น๐Ÿ›นAN INTENT TO PERMANENTLY ABANDON EASEMENT
๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿ’‘๐Ÿšจ๐Ÿšจ๐Ÿšจ๐Ÿšจ๐Ÿšจ๐Ÿšจ๐Ÿšจ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐Ÿ˜†๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ
MERE WISH TO ABANDON
MERE NON USE DOES NOT ABANDON

๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝORAL EXPRESSION W LONG PERIOD OF NON USE

ESTOPPEL ORAL EXPRESSION OF INTENT TO ABANDON INSUFFICIENT UNLESS IN WRITING RELEASE OR ESTOPPEL O OF SVIENT ESTATE CHANGED POSITION IN RELIANCE OF REPRESENTATION OR CONDUCT

Termination of easement by prescription
Open notorious Continuous interruption of use for statutory period 20 YEARS

Easmt s created by NEC end when necessity ends

Condemnation of SVIENT estate extinguishes all easement
Destruction ofstucture on w there is easement
Invol destruction extinguishes easement VOL DESTRUCTION DOES NOT EXTINGUISH EASEMT

Licensesร™

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9
Q

License

A
PRIVILEGE TO GO ON LAND OF LISENSOR 
NOT AN INTEREST IN LAND
๐ŸREVOCABLE AT WILL OF LICENSOR
INALIENABLE 
Any ATTEMPT TO TRANSFER LICENSE CAUSES REVOCATION BY OPERATION OF LAW
๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ

A FAILED ATTEMPT TO CREATE EASMT NO WRITING RESULTS IN LICENSE WHEN ORALLY GRANT EASEMENT FOR MORE THEN YR
๐ŸŒŽ๐Ÿ˜†๐ŸŒŽ๐ŸŒŽ๐Ÿฅฆ๐Ÿฅฆ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ๐ŸŒŽ

Irrevocable LICENSE
1 ESTOPPEL LICENSEE INVESTS SUBSTANTIAL AMOUNTS OF MONEY AND LABOR IN RELIANCE ON LICENSE.
LICENSE TILL HOLDER GETS REIMBURSED FOR EXPENDITURES

2 LICENSED COUPLED W AN INTEREST IRREVOCABLE AS LONG AS INTEREST LAST
VENDEE OF CHATTEL GO INTO LAND TO REMOVE
FUTURE INTEREST HOLDER GOES ON LAND TO INSPECT FOR WASTE

PROFIT HOLDER CAN TAKE SOIL MINERALS TIMER

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10
Q

Profit

A
Holder can go on land to take soil timber minerals fish from SVIENT estate an implied easement 
Profit may be extinguished through 
Stated conditions 
Unity OF OWNERSHIP 
RELEASE
ABANDONMENT 
ESTOPPEL
NEC
PRESCRIPTION 
Condemnation and destruction 
Surcharge Misuse that overburdens SVIENT ESTATE 

COV RUNNING W THE LAND
WRITEN PROMISE TO DO SOMETHING ON. THE LAND OR TO REFRAIN FROM DOING SOMETHING on the land maintain a fence not build a multi family bldg

REAL COV RUN W THE LAND AT LAW
SUBSEQ owners MAY ENFORCE OR BE BURDENED BY THE COVENANTS

REQ FOR BURDEN TO RUN
Any successor in iNTEREST TO THE BURDENED ESTATE WILLBE BOUND BY THE COVENANT AS IF SHE HAD EXPRESSLY AGREED

The COVENANTING PARTIES MUST HAVE EXPRESSLY INTENDE D THAT THE SUCCESSORS in INTEREST TO THE COVENANTOR BE BOUND BY THE COVENANT

UNDER MOD RECORDER ACTS A BONIFIED PURCHASER IS BOUND BY COV IFHE HAD ACTUAL RECORD OR INQIRY NOTICE, AT THE TIME OF PURCHASE

HORIZONTAL PRIVITY POR AND PROMISEE SHARED SOME INTEREST IN LAND INDEPENDENT OF THE COVENANT MOR MEE ORIG PARTIES

VERTICAL PRIVITY SUCESSORS IN INTEREST TO THE-COVENANTING PARTY MUST HOLD SAME DURATIONAL INTEREST AS COVENANTOR AT THE TIME HE MADE COVENANT

NEGATIVE COV TOUCH AND CONCERN THE LAND IF THEY RESTRICT THE HOLDER OF THE SVIENT TENAMENT IN HIS USE OF THAT PARCEL

AFFIRMATIVE COVENANTS TOUCH AND CONCERN THE LAND IF THEY REQUIRE THE HOLDER OF THE SVIENT TENAMENT TO DO SOMETHING

Req for benefit to run
Successors in interest to promisee can enforce covenant if

1 INTENT THE COVENANTING PARTIES ๐ŸŽˆ INTENTED THAT SUCCESSORS IN INTEREST TO THE COVENANTEES BE ABLE TO ENFORCE THE COVENANT

2 VERTICAL PRIVITY
THE BENEFITS OF THE COV RUN TO ASSIGNEES OF THE ORIGINAL ESTATE OR ANY LESSER ESTATE
NO HORIZONTAL PRIVITY
WHERE NO HORIZONTAL PRIVITY THE SUCESSORS IN INTEREST TO THE COVENANTEE CAN ENFORCE THE COVENANT AGAINST PROMISOR BUT NOT PORS SUCCESSORS

3TOUCH AND CONCERN

THE BENEFIT OF THE COVENANT TOUCHES AND CONCERNS THEVLAND IF IT BENEFITS THE COVENANTEE AND HER SUCCESSORS
IN THEIR USE AND ENJOYMENT OF THE LAND

PROMISES TO PAY MONEY HOMEOWNERS ASSOC FEES AND COVENANTS NOT TO COMPETE RUN WITH THE LAND

BREACH OF REAL COVENANT
MONEY DAMAGES FROM D GENERAL ASSETS
INJUNCTION EQUITABLE SERVITUDE

Termination OF A COVENANT
WRITTEN RELEASE
MERGER OF BENEFITED AND BURDENED ESTATES
CONDEMNATION OF THE BURDENED PROPERTY

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11
Q

Equitable servitude

A

A COVENANT
WHETHER OR NOT IT RUNS W THE LAND IT WILL BE ENFORCED AGAINST ASSIGNEES OF THE BURDENED IESTATE WHO HAVE ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠNOTICE

For MONEY DAMAGES REAL GOV
FOR INDUCTION

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12
Q

EQUITABLE SVITUDES

A

COVENANTS CONTAINED IN WRITING THAT SATISFIES STATUTE OF FRAUDS
Except
NEGATIVE EQUITABLE SERVITUDES MAY BE
๐ŸฅŠ๐ŸฅŠ๐ŸŒˆIMPLIED FROM A COMMON SCHEME FOR DEVELOPMENT IN A RESIDENTIAL SUBDIVISION
WHERE DEVELOPERS DIVIDE LAND AND SOME DEEDS CONTAIN NEG COVENANTS AND OTHERS DO NOT

๐ŸฅŠ๐ŸŽˆ๐ŸฅŠ๐Ÿšจโ›‘ NEG COVENANTS WILL BE IMPLIED ON ALL PARCELS PROVIDED THERE WAS A COMMON SCHEME FOR DEVELOPMENT AND NOTICE OF THE COVENANTS

COMMON SCHEME
RECIPROCAL NEG SERVITUDE WILL BE IMPLIED IF AT THE TIME SALE BEGAN DEVELOPER HAD A PLAN THAT ALL PARCELS WOULD BE SUBJECT TO THE RESTRICTION

THE SCHEME MAY BE EVID BY

A RECORDED PLAT

A GENERAL PATTERN OF RESTRICTIONS

ORAL REPRESENTATIONS TO EARLY BUYERS
THERE IS A COMMON SCHEME FOR DEVELOPMENT

RECIPROCAL NEG SERVITUDE WILL BE IMPLIED If AT THE TIME SALES IN THE SUBDIVISION BEGAN
DEVELOPER HAD COMMON SCHEME FOR DEVELOPMENT AND THERE WAS NOTICE

THE SCHEME MAY BE EVID BY RECORDED PLAT GEN PATTERN OF RESTRICTIONS ORAL REPRESENTATIONS TO EARLY BS

๐Ÿฅฌ๐ŸŽrecord3d platt
General pattern of restrictions
Oral representations to early bs

IF THE SCHEME ARISES AFTER SOME LOTS SOLD NO IMPLIED EQUITABLE SERVITUDE AS TO LOTS ALREADY. SOLD

NOTICE
TO BE BOUND BY COVENANT NOT IN HER DEED, GE MUST HAVE NOTICE OF THE COV IN THE DEEDS OF OTHERS

NOTICE MAY BE ACTUAL. DIRECT KNOWLEDGE
INQUIRY NOTICE NEIGHBORHOOD APPEARS TO CONFORM
RECORD NOTICE IN GEs CHAIN OF TITLE

Req for THE BURDEN TO RUN

INTENT NOTICE TOUCH AND CONCERN

THE COVENANTING PARTIES ๐ŸฅŠINTENDED๐ŸฅŠ THE SERVITUDE TO BE ENFORCEABLE ๐ŸฅŠBY OR AGAINST ASSIGNEES

THESUCCESSOR OF POR HAS ACTUAL INQUIRY OR RECORD NOTICE๐ŸŒŽ
THE COV TOUCHES AND CONCERNS THE LAND IT RESTRICTS THE HOLDER OF SVIENT ESTATE IN HIS USE OF THAT PARCEL๐ŸŒŽ

THE BENEFIT OF THE EQUITABLE SERVITUDE RUNS W THE LAND AND IS ENFORCEABLE BY PSEES SUCCESSORS ๐ŸšจIF ORIG PARTIES INTENDED AND THE SERVITUDE TOUCHES AND CONCERNS BENEFITED PROP

๐ŸฅฆNO PRIVITY OF ESTATE IS REQ FOR AN EQUITABLE SERVITUDE TO BE ENFORCEABLE BY OR AGAINST ASSIGNEES

๐Ÿฅฆ๐Ÿฅฆ๐Ÿฅฆโ›‘โ›‘โ›‘โ›‘
DEFENSES TO EQUITABLE SERVITUDE
1PERSON SEEKING ENFORCEMENT IS GUILTY OF UNCLEAN HANDS๐Ÿฅฆ VIOLATING A SIMILAR RESTRICTION ON HIS OWN LAND
๐Ÿธ๐Ÿฝ๐Ÿฝ๐Ÿฝ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿš™

A BENEFITED PARTY AQUIESED ๐ŸฅฆIN THE VIOLATION
OF SERVITUDE BY BURDENED PARTY

BENEFITED P ACTED IN SUCH S WAY THAT REAS person would believe covenant WAS ABANDONED OR WAIVED ESTOPPEL๐ŸฅฆAND BURDENED PARTY RELIED

Benefited party fails to bring suit within a REAS time LACHES
NEIGHBORHOOD CHANGED SO SIGNIFICANTLY THAT ENFORCEMENT WOULD BE UNREASONABLE

TERMINATION OF EQUITABLE SERVITUDE
WRITEN RELEASE
MERGER OF BENEFITED AND BURDENED ESTATES
CONDEMNATION

Irrevocable license IF DETRIMENTAL RELIANCE ON A PAROLE AGREEMENT
PARTY WALLS OR COMMON DRIVEWAYS CAN RESULT FROM IMPLICATION OR PRESCRIPTION

Cross easement of support. Burdens and benefits run to successive owners Are horizontal PRIVITY
Each promise touches and concerns the land party has notice bec of visibility

Actual entry giving rise to adverse possession
That is open notorious adverse THE KIND OF USE TRUE O WOULD MAKE

SUFFICIENTLY APPARENT TO PUT TRUE O ON NOTICE THAT TRESPASS IS OCCURRING

USE OF FARMLAND FOR A PICNIC NOT USE TRUE O WOULD MAKE NOT AN ACT CONSISTANT W OWNERSHIP

HOSTILE ADVERSE WITHOUT TRUE OS PERMISSION ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠ๐ŸฅŠIT DOESNT MATTER WEATHER POSSESSOR BELIEVES SHE IS ON HER OWN LAND ๐ŸŒˆ
๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿ˜†๐Ÿ•บ๐Ÿผ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ

If POSSESSION STARTS PERMISSIVELY SHE MUST INDICATE TO TRUE O SHE IS CLAIMING HOSTILELY

IF GOR OR TENANT STAYS IN POSSESSION PERMISSION PRESUMED
GORS OPEN REPUDIATION OF CONVEYANCE STARTS STATUTE RUNNING V GE

BOUNDRY LINE FENCE BET LAND Os by agreement
NOT CORRECT
But most ct fix ownership as per agreed line
Orig uncertainty as to true line
Fence Agreed upon
Lengthy acquiescence

CONTINUOUS POSSESSION FOR STATUTORY PERIOD AS BY AVE OWNER

INTERMITTENT PERIODS OF OCCUPANCY NOT REQ CONSTANT OCCUPANCY NOT REQ AS LONG AS USE LIKE TRUE O

TACKING PERIODS OF ADVERSE POSSESSION BY PREVIOUS OWNER
PRIVITY by DECENT DEVISE OR DEED

No PRIVITY if one adverse claimant ABANDONS
ORAL TRANSFER SATISFIES PRIVITY

PAYMT of prop taxes good evid of claim of RT

DISABILITY
IF TRUE O UNDER DISABILITY WHEN C/A FOR ADVERSE POSSESSION FIRST AROSE
MINORITY IMPRISONMENT INSANITY
NO TACKING OF DISABILITIES OF TRUE O

I

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13
Q

Equitable conversion

A

Doctrine of Equitable Conversion
Under the doctrine of equitable conversion, once a contract is signed ๐ŸฅŠand each party is entitled to specific performance, equity regards the purchaser as the owner of the real property. ๐ŸฅŠThe sellerโ€™s interest, which consists of the right to the proceeds of sale, is consid- ered to be personal property. ๐ŸฅŠThe bare legal title that remains in the seller is consid- ered to be held in trust for the purchaser ๐ŸŽˆas security for the debt owed the seller. But note that possession follows the legal title; so even though the buyer is regarded as owning the property, the seller is entitled to possession until the closing.

Death of Seller
If the seller dies, the โ€œbareโ€ legal title passes to the takers of his real property, but they must give up the title to the buyer when the contract closes. When the purchase price is paid, the money passes as personal property to those who take the sellerโ€™s personal property. Note that if the property is specifically devised, the specific devisee may take the proceeds of the sale. (See F.1.b., infra.)

There is an implied covenant in every land sale contract that at closing the seller will provide the buyer with a title that is โ€œmarketable.โ€
a. โ€œMarketabilityโ€ Definedโ€”Title Reasonably Free from Doubt no UNREAS risk of litigation

Unencumbered FEE SIMPLE W GOOD RECORD TITLE

DEFECTS IN THE CHAIN OF TITLE
VARIATIONS IN DESCRIPTION
DEFECTIVELY EXECUTED falls to meet req for recordation
Prior GOR LACKED CAPACITY

BUT ANCIENT MORTGAGE DID STATOF LIM RUN THEN OK

Beneficial easement to Utility EASEMT SVS property or visible known not unmarketable
Restrictive covenants. Title unmarketable
Significant encroachment of adjacent landowner as opposed to only a few inches

Zoning reg do not render title unmarketable unless EXISTING VIOLATION

QUITCLAIM DEED DOES NOT CONTAIN ANY COV OF TITLE STILL IMPLIED MARKETABLE TITLE

Installment land k furnish mketable title on delivery andbs final payment

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14
Q

Void deeds

A

Defective Deeds
A void deed will be set aside by the court even if the property has passed to a bona fide purchaser,
๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐Ÿ›น๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ
but a voidable deed will be set aside only if the property has not passed to a bona fide purchaser.
๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ›‘โ›‘

Void deeds include those that are forged, were never delivered, or were obtained by fraud in the factum (i.e., the grantor was deceived and did not realize that she was executing a deed).
๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘ง

Voidable deeds include those executed by minors or incapacitated persons, and those obtained through fraud in the inducement, duress, undue influence, mistake, and breach of fiduciary duty.
โ›‘โ›‘โ›‘โ›‘โ›‘๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ง
Fraud in the inducement duress undue influence breach of fiduciary duty

Fraudulent Conveyances

Even when a deed complies with the required formalities, it may be set aside by the grantorโ€™s creditors
๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ๐Ÿธ
if it was made: (i) with actual intent to hinder, delay, or defraud any creditor of the grantor;
๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ

or (ii) without receiving a reasonably equivalent value in exchange for the transfer,
โ›‘โ›‘โ›‘โ›‘โ›‘โ›‘โ›‘โ›‘โ›‘๐ŸŽฝ๐ŸŽฝ๐ŸŽฝ๐Ÿ›น๐ŸŒˆโ›‘โ›‘โ›‘โ›‘

and the debtor was insolvent or became insolvent as a result of the transfer.
๐Ÿฅฆ๐Ÿฅฆ๐Ÿฅฆ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ
However, the deed will not be set aside as against any grantee who took in good faith and paid reasonably equivalent value.

Description of Land Conveyed
A description is sufficient if it provides a good lead to the identity of the property (e.g., โ€œall my land in Stocktonโ€).
๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•๐Ÿฅ•

If it is too indefinite, the grantor retains title (but reformation of the deed is a possible remedy).
๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡

Parol evidence is generally admissible to resolve patent or latent ambiguities if the description gives a good lead, but it may not be admissible where the description is inadequate.
๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’

Rules of construction 
natural monuments (e.g., oak tree); artificial monuments (e.g., stakes, buildings); courses (e.g., angles); distances (e.g., feet, yards); name (e.g., Blackacre); and quantity (e.g., 300 acres).
๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘

b. Boundary Cases
Presumptively, title to land passes to the center of a right-of-way or water boundary. This presumption can be rebutted by language in the deed. In variable boundary line cases (i.e., water boundary) the slow and imperceptible change in the course of a river or stream operates to change ownership rights

ACCRETION accretion (slow deposit of soil on land abutting water) belongs to the abutting owner. 
๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿ

Avulsion (sudden change of watercourse) DOES NOT CHANGE BOUNDRIES Fix boundaries are not changed by encroachment of water

ACCEPTANCE AND DELIVERY OF DEED
INTENT TO MAKE A DEED PRESENTLY EFFECTIVE
Even if posssession delayed
Title passes upon delivery

RETENTION OF INTEREST BY GOR OR CONDITIONAL DELIVERY RT TO REVOKE
Lack of intent to pass Title
GOR EXECUTES DEED BUT DOES NOT DELIVER IT DURING LIFETIME

Conditions Not Contained in Deed
If a deed is absolute on its face but delivered with an oral condition, the condition is disregarded and the delivery is absolute.

Where Grantor Gives Deed to Third Party
Here, conditional delivery is permissible.

Conditions not contained in deed deed absolute on face CONDIT ORAL IS DISREGARDED.

Transfer to Third Party with No Conditions
If THIRD PARTY IS GORs AGENT NO TRANSFER NO DELIVERY

GORs RT TO RECOVER DEED

Grantor can revoke ๐ŸŽif the condition is not yet occurred ๐ŸŽand if there is ๐ŸŽno enforceable contract to convey
GORS RT TO RECOVER DEED
1 CONDIT NOT YET OCCUPIED AND THERE
2 is NO ENFORCEABLE K TO CONVEY

Breach of escrow conditions
Obtain deed from escrow holder prior to perf of CONDIT NO GOOD TITLE to SUBSEQ PURCHASR

RELATION BACK DOCTRINE
TITLEPasses when CONDITION OCCURS BUT if justice requires the grantor dies or bec incompetent
title may โ€œrelate backโ€ to the time when the grantor gave the deed to the third party. Rights of intervening bona fide purchasers are protected.

TRANSFER TO THIRD PARTY W CONDITIONS DONATIVE TRANSACTIONS
GOR GIVES DEED TO THIRD P WHEN CONDITIONS OCCUR
CAN GOR REVOKE IF CONDIT HAS NOT YET OCCURRED ?
ONLY IF NO ENFORCEABLE K TO CONVEY
When condition is GOR DEATH CTS FIND Delivery IRREVOCABLE where GOR INTENT FUTURE INTEREST

Most STATES PRESUME ACCEPTANCE UNLESS DEFEATS

DEDICATION 
LAND MAY BE TRANSFERED TO A PUBLIC BODY CITY OR COUNTY BY
@ ORAL WRITTEN STMT 
@SUBMISSION OF MAP OR PLAT
๐ŸŽOPENING LAND TO PUBLIC
OFFER ACCEPTED BY ๐ŸˆFORMAL RESOLUTION 
๐ŸAPPROVAL OF MAP ๐Ÿ—บ OR PLAT
MAINTENANCE OR IMPROVEMENTS
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15
Q

Notice statute ICtEDi p

A

Actual notice any source newspaper word of mouth
RECORD NOTICE SEARCHER COULD REAS FIND

Exam Tip Although no one has a legal duty to perform a title search, a subse- quent purchaser will be charged with the notice that such a search would provide, whether or not she actually searches.

BFP who paid value and has no actual or constructive notice will prevail over prior Ge who fail to record notice at time of conveyance
B HAD NO NOTICE AT THE TIME HE TOOK
SUBSEQ BFP PROTECTED WHETHER HE RECORDS orNOT

RACE NOTICE
โ€œ

SUBSEQ BFP PROTECTED IF HE HAS NO NOTICE AND RECORDS BEFORE PRIOR GE
O TO A ON JAN 1 A DOES NOT RECORD O TO B ON JAN 15 FOR VALUABLE CONSID HE HAS NO NOTICE OF PRIOR CONVEYANCE A RECORDS JAN 18 B RECORDS JAN 20. A prevails

RACE WHO EVER RECORDS FIRST WINS

BFP PERSON WITHOUT NOTICE PAYS VALUABLE CONSIDERATION NO ACTUAL inquiry or record notice
In determining who is a BFP for purposes of protection of the recording statutes, remember that the purchaser must be without notice at the time of conveyance. It does not matter if she learns of an adverse claim after the conveyance
but before recording.

SUBSEQ purchaser charged with notice of a misindexed deed

Unacknowledged instrument not entitled to recordation except not defective on its face

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16
Q

Deed recorded b4 GOR obtains title

NO TITLE WHEN CONVEYED

A

MAJORITY
No NOTICE NOT IN BFP CHAIN OF TITLE
MINORITY DEED BY ESTOPPEL PROT prior ge

DEED IN CHAIN OF TITLE REFERING TO INSTRUMENT OUTSIDE CHAIN OF TITLE MAY GIVE CONSTRUCTIVE NOTICE OF THE INSTRUMENT

Restrictive covenants DEEDS FROM COMMON GOR to adjacent lot DEEDS are NOT within chain of TITLE

INQUIRY NOTICE
PURCHASER REQ TO MAKE REAS INQUIRY CHARGED W KNOWLEDGE OF WHATEVER INQUIRY WOULD HAVE REVEALED EVEN IF HE MADE NONE. REFERENCES IN RECORDED INSTRUMENTS TO UNRECORDED TRANSACTIONS PUT A PURCHASER ON INQUIRY NOTICE

BFP VALUABLE CONSIDERATION NEED NOT ADEQUATE ๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ’๐Ÿ‡๐Ÿ‡๐Ÿ‡๐Ÿ‡BUT IT MUST BE OF SOME PECUNIARY VALUE. LOVE AND AFFECTION ๐Ÿ“๐Ÿ“๐Ÿ“NOT VALUABLE CONSIDERATION

PURCHASER IS PROT BY RECORDING STATUTE ONLY๐Ÿ‰๐Ÿ‰๐Ÿ‰๐Ÿ‰FROM THE TIME CONSIDERATION IS PAID PURCHASER WILL NOT PREVAIL OVER DEEDS RECORDED SUBSEQ BUT BEFORE CONSID PAID.

In TRACT INDEX. SEARCH BY BLOCK OR LOT

GRANTOR/GE INDEX SEARCH BACK IN TIME. THEN FORWARD TO SEE IF ANYONE CONVEYED INTEREST OUTSIDE BACKWARD CHAIN

RECORDATION GIVES PROSPECTIVE .GEs CONSTRUCTIVE NOTICE OF RECORDED INSTRUMENTS. IT RAISES A PRESCRIPTION OF VALID DELIVERY It DOES NOT VALIDATE AN INVALID DEED or PROT V INTERESTS ARISING BY OPERATION OF LAW DOWER TITLE BY ADVERSE POSSESSION BFP STILL IN DANGER

RECORDERS MISTAKES
Instrument considered recorded when FILED W RECORDERS OFFICE WHETHER IT WAS PROPERLY FILED SUBSEQ purchaser CHARGED W NOTICE OF A MIS INDEXED INSTRUMENT BUT HE HAS A CAUSE OF ACTION AGAINST RECORDER

EFFECT OF RECORDING UNACKNOWLEDGED INSTRUMENT

UNACKNOWLEDGED INSTRUMENT NOT ENTITLED TO RECORDATION BUT WHEN DEFECT NOT APPARENT ON THE FACE OF INSTRUMENT IT IMPARTS CONSTRUCTIVE NOTICE

Transferees from Bona Fide Purchaserโ€”Shelter Rule
A person who takes from a BFP will prevail against any interest the transferor- BFP would have prevailed against. This is true even if the TRANSFEREE HAD ACTUAL NOTICEof a prior unrecorded conveyance. This rule does not, however, help a trans- feree who previously HELD TITLE she cannot โ€œship throughโ€ a BFP to get good title.

Purchaser Under Installment Land Contract

In most states, a purchaser under an installment land contract is protected only to the extent of payment made. In a dispute with a prior claimant, the court may award the purchaser: (i) a share of the property as a TENANT IN COMMON EQUAL TO THE PROPORTION OF PAYMENTS MADE

ii) a LIEN on the property to the extent of the AMOUNT PAID or (iii) OR THE ENTIRE PROPERTY subject to a LIEN on the property to the extent of the BALANCE STILL OWED

Ademption
PROPERTY SPECIFICALLY DEVISED IN TS WILL BUT T NO LONGER OWNS PROP THE GIFT FAILS

Ademption only for specific bequests that can be satisfied BY DELIVERY OF A PARTICULAR ITEM NOT Satisfied BY MONEY
A GIFT OF LAND IS ALWAYS A SPECIFIC DEVISE
IF T SELLS A PORTION THAT PART IS ADEMED THE REMAINDING PART PASSES TO DEVISEE

Land under EXECUTORY K. The UNIFORM PROBATE CODE AND MANY STATES DO NOT APPLY ADEMPTION TO THE PROCEEDS OF A K FOR THE SALE OFBLAND THAT WAS EXECUTORY AT THE TIME OF TS DEATH. The devisee gets the proceeds in place of the land these statutes take precedence over equitable conversion

ALSO ADEMPTION DOES NOT APPLY WHEN K ENTERED INTO BY REPRESENTATIVE OF INCOMPETENT TESTATOR

Other proceeds not subj to ademption
PROPERTY DAMAGED OR DESTROYED B4 TS DEATH INSURANCE NOT PAID TILL AFTER DEATH
DEVISEE GETS INSURANCE PROCEEDS. NO ADEMPTION

Ademption does not apply to prop condemned b4 death compensation after death

At cL beneficiary of specific prop entitled to have LAND EXONERATED PAY OFF LIENS MORTGAGES FROM TS RESIDUARY ESTATE
Majority of states abolished exoneration
Will must provide for pay off

LAPSE AND ANTILAPSE
Beneficiary of a gift predeceases T
AT CL IF LAPSE OCCURED GIFT VOID
NOW ALL STATES ANTI LAPSE. GIFT GOES. TO PREDECEASING BENEFICIARYS,LIVING DESCENDANTS

MANY ANTI LAPSE STATUTE APPLY WHEN BENEFIC IS A RELATIVE DESCENDANT OF T
OTHER ANTILAPSE STATUTES APPLY WHEN
BENEFIC IS REMOTELY RELATED A DESCENDANT OF TS GRANDPARENT OR ANY RELATIVE OR ANY BENEFICIARY

IT DOES NOT SAVE THE GIFT FOR PREDECEASING BENEFICIARYS ESTATE. It substitutes BENEFICIARYS descendants for beneficiary so gift wonโ€™t go to spouse

Inapplicable if BENEFICIARY DEAD WHEN WILL EXECUTED MADE GIFT WILL FAIL NO ANTI LAPSE

Applicable to class gifts
Class member predeceases T AND UNDER ANTILAPSE STATUTE DESCENDANT AND LEAVES SURVIVING ISSUE STATUTE WILL APPLY AND ISSUE WILL TAKE 

ANTILAPSE STATUTE DOES NOT APPLY IF CONTRARY WILL PROVIS
GIFT CONTINGENT ON BENEFICIARYS SURVIVAL

If estate assets not sufficient to pay all claims and fo satisfy devisee  abate reduce
property passing by intestacy
Redid estate
Gen legacies 
Specific devises and bequests

Crops enablement
Crops
Conveyance of land include all crops growing on it
Except harvested or severed
Crops planted by tenant
WHERE TENANCY OF UNCERTAIN DURATION
AND TENANCY TERMINATED W OUT FAULT OF Tenant

Holder in DUE COURSE
INDORSE DELIVER NOTE
NEGOTIABLE FORM PAYABLE TO BEARER OR
The ORDER OF NAMED PAYEE SUM CERTAIN. NO OTHER PROMISES

THE ORIG NOTE MUST BE SIGNED INDORSED BY NAMED PAYEE
THE ORIG NOTE MUST BE DELIVERED TO TE
TE MUST PAY FULL VALUE TAKE IN GOOD FAITH WITHOUT NOTICE THAT ITS OVERDUE DISHONERED SUBJECT TO ANY DEFENSE OF MAKER
Holder IN DUE COURSE TAKES FREE OF PERS DEFENSES FAILURE OF CONSIDERATION FRAUD IN INDUCEMT WAIVER ESTOPPEL PAYMENT but TAKES SUBJECT TO REAL DEFENSES.
INFANCY
INCAPACITY
FRAUD IN THE EXECUTION
DURESS ILLEGALITY
FORGERY
DISCHARGE IN INSOLVACY
INSOLVANCY

If the original mortgagee transfers possession of a NEGOTIABLE instrument, any payment by the mortgagor to that mortgagee will NOT COUNT. The holder can still demand paymentโ€”EVEN IF THE MOR LACK NOTICE of the transfer. However, if the original mortgagee transfers possession of a NON NEGOTIABLE NOTE the mortgag- orโ€™s payment to him IS EFFECTIVE against the transferee UNTIL the mortgagor RECEIVES NOTICE of the transfer.

ASSUMPTION AGREEMENT 
GE PRIMARILY LIABLE
MOR secondarily label 
Me can sue either 
No assumption MOR primarily and personally liable however if Ge DOES NOT PAY LOAN MAY BE FORCLOSED WIPING OUT GEs INVESTMENT

DUE ON SALE CLAUSE
DEMAND FULL PAYMENT IF MOR TRANSFERS ANY INTEREST W OUT MEs CONSENT

DEFENSES ON THE UNDERLYING OBLIG DEFENSES TO ACTION ON MORTGAGE
failure of consideration, duress, mistake, fraud)
violations of the โ€œability to repay
Anti steering
Payment
Delivery of a deed
Meโ€™s acceptance of DEED IN LIEU OF FUCLOSURE

LIEN THEORY MOR HOLD LEGAL TITLE TILL FORCLOSURE
MEโ€” SECURITY INTEREST
mortgagee may NOT HAVE possession before foreclosure.

TITLE THEORY
Under the title theory, legal title is in the mortgagee until
MORTGAGE IS SATISFIED OR FORECLOSED

INTERMEDIATE THEORY
legal title is in the mortgagor until

DEFAULT THEN LEGAL TITLE IN ME ME CAN DEMAND POSSESSION AT ANY TIME

Mortgagor Consent and Abandonment
Me can take possession

Risks of Mortgagee in Possession
Most mortgagees do not wish to take possession because of the risks of liability
DUTY TO ACCOUNT FOR RENT
DUTY TO MANAGE PROP IN PRUDENT MANNER
LIABILITY FOR INJURY TO THIRD P ON PROPERTY

Receiverships
Most mortgagees attempt to intercept the rents before foreclosure by getting a receiver appointed by the court to manage the property. Courts will generally appoint receivers WHEN

WASTE IS OCCURRING
THE VALUE OF PROP INS
UFFICIENT TO SECURE DEBT
MOR INSOLVENT

FORECLOSURE
all states allow judicial sale, some states allow nonjudicial sale BY POWER OF SALE USUALLY DEED OF TRUST
FORECLOSURE SALE BY AUCTION

FINANCING
MORTGAGE
could be done with deed of trust, installment land contract, absolute deed, or sale-leaseback.

DEFAULT
Mortgagee has right to FORECLOSE Up until the foreclosure sale, borrower may REDEEM BY PAYING OFF MORTGAGE and accrued interest (equitable redemption).

clogging the equity of redemptionโ€ refers to the rule that a borrowerโ€™s right to redeem his own mortgage cannot be waived in the instrument itself. Here, there is nothing to indicate that the ownerโ€™s deed of trust

clogging the equity of redemptionโ€ refers to the rule that a borrowerโ€™s right to redeem his own mortgage cannot be waived in the instrument itself. Here, there is nothing to indicate that the ownerโ€™s deed of trust prohibited him from redeeming the property prior to foreclosure. However, it is only through a statutory right of redemption that the owner would be able to redeem the property for $80,000 after the foreclosure sale had occurred.

FORECLOSURE BY SALE
PROCEEDS DISTRIBUTED ACCORDING TO SECURITY INTEREST

Post FORECLOSURE
If proceeds of sale are insufficient to satisfy debt, mortgagee can bring PERSONAL ACTION against borrower for DEFICIENCY

STATUTORY REDEMPTION
ONE HALF STATES
a fixed period (e.g., six months) after foreclosure by paying sale price (statutory redemption).

Redemption in Equity
At any time PRIOR to the foreclosure sale,
the note or mortgage contains an acceleration clause, FULL BALANCE DUE
This right cannot be WAIVED iIN THE MORTGAGE itself.
Foreclosure does not destroy any interests senior to the interest being foreclosed. Destroys JR INTERESTS
FAILURE TO INCLUDE A JR INTEREST HOLDER in a foreclosure action results in PRESERVATION of that partyโ€™s interest.

Modification of Priority
Although priority among mortgages is generally determined by CHRONOLOGY, this priority may be CHANGED BY i) the operation of the recording statute iIF A PRIOR ME FAILS TO RECORD; (ii) a SUBORDINATION AGREEMT between a senior and junior mortgagee;
(iii) a PURCHASE MONEY MORTGAGE; (iv) the MODIFICATIONOF A SENIOR MORTGAGE (junior mortgage has priority over the modification); or (v) the granting of OPTIONAL FUTURE ADVANCES BY A ME WITH NOTICE OF A JR LIEN (junior lien has priority over advances).๐ŸŽ๐ŸŽ๐ŸŽ๐ŸŽ๐ŸŽ๐ŸŽ๐ŸŽ

Purchase Money Mortgages
A purchase money mortgage (โ€œPMMโ€) is a mortgage given in exchange for funds used to purchase the property. PMMs are given either to the seller as part of the purchase price or to PMMs HAVE PRIORITY OVER LIENS AND OTHER MORTGAGES AND OTHER CLAIMS THAT against the mortgagor that arise prior to the mortgagorโ€™s acquisition of title.

However, subsequent mortgages or liens may defeat PMM priority by operation of the recording acts. As between two PMMs, a SELLERS MORTGAGE generally has PRIORITY over a third partyโ€™s. If there are TWO THIRD PARTY PMM priority is determined by CHRONOLOGICAL ORDER Usually two PMMs have notice of the otherโ€™s existence; thus, the recording acts are of no use in determining priority.

Proceeds of Sale
Proceeds are applied first to the EXPENSES OF THE SALE ATTORNEYS FEES COURT COSTS
then to PRINNCIPAL ACCRED INTERNISTS
JUNIOR INTERESTS in the order of their priority; and finally to the MORTGAGOR

DEFICIENCY JUDGEMENT
PROCEEDS INSUFFICIENT TO SECURE DEBT MOR PERSONALLY LIABLE

INSTALLMENT LAND K
Many installment contracts provide for forfeiture rather than foreclosure TO AVOID THIS MANY CTS PROVIDE Equity of Redemption.
GRACE PERIOD TO PAY FULL AMOUNT AFTER DEFAULT
RESTITUTION. ME RETURNS MONEY ABOVE DAMAGES REFUND AMOUNT ABOVE DAMAGES

TRAT INSTALLMENT LAND K AS MORTGAGE
๐ŸŽ๐ŸŽ๐ŸŽ๐ŸŽ๐Ÿ‰REQUIRES FORECLOSURE

IF VENDOR ACCEPTS LATE PAYMENT constitutes a waiver OF THE RT OF STRICT PERF

To reinstate strict performance,
the vendor must send the purchaser NOTICE OF HIS INTENT TO DO SO and must

ALLOW A REAS TIME for the purchaser to make up any late payments.
ELECTION OF REMEDIES
VENDOR MAY GER DAMAGES OR SPECIFIC PERF

An owner of real property has the exclusive right to use and possess the surface, the airspace, and the soil of the property.

RTS INCIDENTAL TO OWNERSHIP OF LAND
RT TO HAVE LAND SUPPORTED IN ITS NATURAL STATE BY ADJOINING LAND

STRICTLY LIABLE IF EXCAVATION CAUSES ADJACENT LAND TO SUBSIDE

ADJACENT LANDOWNER ๐ŸŽSTRICTLY LIABLE FOR DAMAGE TO LAND and BUILDINGS IF LAND IN NATURAL STATE WOULD SUBSIDE OTHERWISE ONLY IF EXCAVATION DONE ๐ŸŽNEGLIGENTLY

Subjacent Support
An underground occupant of land (e.g., a mining company) must support the surface and buildings EXISTING ON THE DATE SUBJACENT ESTATE CREATED Liability for subsequently erected buildings requires NEGLIGENCE

17
Q

JUDGEMT creditor

A

creditor Is not protected from a prior unrecorded conveyance even if he obtains a JUDGEMT lien on Ds real prop and files the JUDGEMT in the county where prop located
JUDGEMT creditor not PROT by recording statute from a prior unrecorded conveyance

CL FIRST IN TIME PREVAILS IF grantor conveyed the same property twice,
PROT BFP FROM SECRET INTEREST
BfP SUBSEQ Purch WITHOUT NOTICE PROT FROM PRIOR CONVEYANCE

PROT GE AGAINST SUBSEQ BFP
Any instru- ment creating or affecting an interest in land can be recorded, provided it is acknowledged by the grantor before a notary public.

Notice Statutes
Under a notice statute, a subsequent BFP (person who pays value and has no notice of the prior instrument) prevails over a prior grantee who failed to record. The key is that the subsequent purchaser had no actual or constructive notice at the time of the conveyance.
SUBSEQ BFP FOR VALUE WITHOUT NOTICE

It is irrelevant whether A recorded after January 15 and before B recorded, because B had no notice at the time he took.

the subsequent BFP is protected regardless of whether she records at all.๐Ÿ‹๐Ÿ‹๐Ÿ‹๐Ÿ‹

Race-Notice Statutes
Under a race-notice statute, a subsequent BFP is protected only if she takes without notice and records before the prior grantee.

RACE NOTICE
O conveys to A on January 1. A does not record. O conveys to B on January 15 for valuable consideration. B has no notice of the conveyance to A. A records on January 18. B records on January 20. A prevails over B because B did not record first.

Race Statutes

Under a pure race statute, whoever records first wins. Notice is irrelevant. Very few states have such statutes
GE WHO RECORDED FIRST PREVAILS

Wild deed a recorded deed not connected to chain of title does. Not give constructive notice bec a SUBSEQ purchaser could not find it A RECORDED DEED

O conveys Blackacre to A. A does not record. A conveys it to
B, and B records. O conveys Blackacre to C. C does not have notice of Bโ€™s claim.

Deed recorded late
After GOR IS SHOWN TO HAVE PARTED W TITLE IN NOT CONSTRUCTIVE NOTICE
P
Deed recorded b4 GOR OBTAINS TITLE BUT CONVEYS AND GETS TITLE LATER
MOST CTS SAY NO CONSTRUCTIVE NOTICE BFP WINS DEED NOT IN HIS CHAIN OF TITLE
Minority says deed by estoppel

Deed by estoppel gor purports to convey estate she does not own if SUBSEQ AQUIRES estates it insures to the benefit of GE
Where conveyance was by warranty deed or where deed purported to convey PARTIC estate. It is. Not applicable to QUITE CLAIM DEEDS

BUT IF GOR CONVEYS HER AFTER AQUIRED TITLE TO A BFP FOR VALUE. THE BFP WILL PREVAIL OVER GE

Deed in Chain Referring to Instrument Outside Chain
Reference to another instrument in a recorded document that is in the chain of title may impart constructive notice of the instrument referred toโ€”even if it is unrecorded or not itself in the chain of title.

e) Restrictive Covenantsโ€”Deeds from Common Grantor NO NOTICE
Courts are split on whether deeds to adjacent lots or lots in a subdivision, executed by the same grantor and containing restrictions and easements involving the subject lot, are within the chain of title of the subject lot. The better view is that they are not.

RECORDING
AT CL IF GOR CONVEYED HER ESTATE TWICE FIRST IN TIME

Recording acts PROT BFPs from secret interests previously created
Mechanism for earlier Ge to give notice
Ge records his deed to put SUBSEQ purchasers on notice
Recordation gives constructive notice to everyone so no SUBSEQ bfp

Any instrument creating or afffecting int in land can be recorded acknowledge by GOR b4 notoryon

18
Q

Watercourses rivers lakes streams

A

Det allocation of water for watercourses
RIPARIAN PRIOR APPROPRIATIONS
Riparian WATER BELONGS TO THOSE WHO OWN THE LAND BORDERING WATERCOURSE
Riparian RIGHTS ATATCH TO ALL CONTIGUOUS TRACTS W SAME OWNER ๐ŸŽ๐ŸŽAS LONG AS ONE PARCEL Abuts the WATER

RIPARIAN
1 NATURAL FLOW
IF DIMINUTION OF WATER VELOCITY QUANTITY QUALITY CAN ENJOIN

REASONABLE USE
RIPARIAN OWNERS CAN MAKE REAS USE OF WATER AS LONG AS USE DOES NOT SUBSTANTIALLY INTERFERE W THE REAS USE OF OTHER RIPARIAN OWNERS       One OWNERS USE IS  ๐ŸŽ๐ŸŽNOT ENJOINABLE ๐Ÿ‡UNLESS IT SUBSTANTIALLY INTERFERES W OTHERS REAS USE
๐Ÿ‡UTILITY OF USE VS GRAVITY OF HARM
1 EXTENT OF USE 
2 PURPOSE OF USE 
3  POLUTION
4 ALTERATION OF FLOW
5 miscellaneous conduct that may lead to litigation 
6 DESTINATION OF WATER TAKEN

NATURAL VS ARTIFICIAL USE
NATURAL HUMAN CONSUMPTION GARDENING PREVAILS OVER ARTIFICIAL IRRIGATION MANUFACTURING

PRIOR APPROPRIATION DOCTRINE
RTS AQUIRED THROUGH ACTUAL USE
APPROPRIATIVE RTS DET THROUGH PRIORITY OF BENEFICIAL USE. IF DECREASE IN FLOW PRIORITY ACCORDED BY TIME OF APPROPRIATION

GROUND WATER
ABSOLUTE OWNERSHIP
O OF OVERLYING LAND CAN USE WATER FOR ANY PURPOSE EVEN EXPORT

REAS USE
MANY EASTERN STATES FOLLOW THIS LIKE ABSOLUTE OWNERSHIP BUT EXPORT ONLY ALLOWED IF DOES NOT HARM OTHER OWNERS WHO HAVE RTS IN SAME AQUIFER

CORRELATIVE RTS OWNERS OF OVERLYING LAND JT T OF WATER BASIN. Each ALLOWED REAS AMOUNT FOR OWN USE

APPROPRIATIVE RTS DOCTRINES IN WESTERN STATES PRIORITY OF USE NOT OWNERSHIP OF OVERLYING LAND IS DETERMINATIVE

Restatement approach SURFACE OWNER MAY PUMP GROUND WATER UNLESS IT UNREAS HARMS NEIGHBORING LANDOWNER
Exceeds the pumpers REAS SHARE
๐ŸŽDIRECTLY and SUBSTANTIALLY EFFECTS SURFACE WATERS
And UNREAS HARMS SURFACE WATER USERS

Surface water can use for any purpose questions if change natural flow

NATURAL FLOW
CAN NOT ALTER NAT FLOW NOW CAN MAKE REAS CHANGE

COMMON ENEMY CAN GET RID OF WATER
TO PROTECT LAND PROHIBIT UNNECESSARY DAMAGE TO NEIGHBORING LAND

REAS USE UTILITY OF USE VS GRAVITY OF HARM

Water can be captured diverted for any purpose unless MALICIOUS

RT TO AIRSPACE NOT EXCLLUSIVE BUT O ENTITLED TO FREE FROM EXCESSIVE NOISE

The possessor of real property has the right to exclude others. His remedies for invasions include actions for:

  1. Trespass (land invaded by TANGIBLE PHYSICAL OBJECTS
  2. Private nuisance (land INVADED BY INTANGIBLES such as odors or noise);
  3. Continuing trespass (land repeatedly REPEATEDLY INVADED BY TRESPASSER and
  4. Ejectment or unlawful detainer to remove a tTRESPASSER OR T This action can be joined with a demand for money damages.

COOPS CORP LEASES TO SHAREHOLDERS RESTRAINT ON ALIENATION

ZONING CITIES AND CTYS CAN IF AUTH BY STATE ENABLING ACT STATE MAY ZONE TO PROT HEALTH SAFETY MORALS WELFARE

Non CONFORMING USE AT TIME OF PASSAGE OF ZONING REG
AMORTIZATION GRADUAL ELIMINATION OF USE

SPECIAL USE PERMIT MUST BE OBTAINED EVEN THOUGH USE IS PROPER HOSPITAL FUNERAL DRIVE IN BUS

VARIANCE DEPARTURE FROM RESTRICTIONS BY ADMINISTRATIVE ACTIONS

Invalid ZONING REG NO REAS RELATION TO PUBLIC WELFARE DISCRIM. To RESTRICTIVE
BEYOND AUTH RACIAL DISCRIMINATION

UNCONSTITUTIONAL TAKINGS OR EXACTIONS UNLESS NUISANCE or PROP LAW PREVENTS USE

a. Denial of All Economic Valueโ€”Taking
UNLESS NUISANCE OR PROPERTY LAW PREVENTS USE WHEN AQUIRED PROP

DENIAL OF NEARLY ALL ECONOMIC VALUE 
BALANCING TEST
๐Ÿ‹SOCIAL GOALS OF REG
๐Ÿ‹DIMMINUTION OF VALUE OF PROP
๐Ÿ‹WHETHER THE REG SUBSTANTIALLY INTERFERS W DISTINCT INVESTMENT BACKED EXPECTATIONS 

TEMP DENIAL OF ALL ECONOMIC USE
๐Ÿ‹NOT A PER SE TAKING CTS WILL LOOK AT ๐Ÿ‹๐Ÿ‹. ๐ŸžPLANNERS GOOD FAITH
๐Ÿ‹REAS EXPECTATION OF OS
๐Ÿ‹THE LENGHT OF DELAY
๐Ÿ‹
๐Ÿ‡DELAYS EFFECT ON VALUE OF PROPERTY
๐Ÿ‹IN ORDER TO DET WHETHER fairness AND JUSTICE REQUIRE JUST COMPENSATION

REGS THAT DECREASE ECONOMIC VALUE ++++PROHIBITS MOST BENEFICIAL USE
๐Ÿ‡๐Ÿ‡DO NOT AMOUNT TO A TAKING IF ๐Ÿ‹LEAVE-ECONOMICALLY VIABLE USE
CTs ๐Ÿ‹LOOK AT
๐Ÿ‹SOCIAL GOALS
๐Ÿ‹DIMINUTION OF VALUE OF PROP
๐Ÿ‹WHETHER REG SUBSTANTIALLY INTERFRE W OWNERS DISTINCT INVESTMENT BACK EXPECTATIONS
Unconstitutional exactions
Landowner MUST GIVE UP LAND FOR PUBLIC USE IN EXCHANGE FOR ZONING APPROVAL OF PROJ UNCONSTITUTIONAL UNLESS GOVT PROVES ITS DEMANDS ARE RATIONALLY CONNECTED TO ADDITIONAL BURDEN placed ON PUBLIC FACILITIES AND LAND FOR PUBLIC USE REAS RELATED TO IMPACT OF THR PROPOSED DEVELOPMENT ROUGH PROPORTIONALITY

TAKING UNLESS GOVT CAN SHOW
๐Ÿ‹LEGIT GOVT INTEREST
๐Ÿ‹THE ADVERSE IMPACT OF THE PROPOSED DEVELOPMENT IS ROUGHLY PROPORTIONAL TO LOSS TO O FROM THE FORCED TRANSFER

๐Ÿ‹GIVE UP LAN

I

19
Q

Holdover t remains on premises after lease expired

A

The