Property Flashcards
how to terminate an easement
END CRAMP Estoppel Necessity (end of the necessity) Destruction of servient land Condemnation (eminent domain) Release (written) Abandonment (NOT just nonuse) Merger (of title) Prescription
Present covenants in a general warranty deed + SoL
-Seisin - grantor owns property
-Right to convey
-Against encumbrances ~ liens, servitudes
SoL: at delivery
Future covenants in a deed
-quiet enjoyment: no 3P claims of title
-warranty: promise to defend grantee
-further assurances: promise to perfect grantee’s title
SoL: when disturbed
Requirements for a covenant to run with land
WITHN
Writing Intent to run Touch & concern land Horizontal + vertical privity Notice
Requirements for a burden to run with the land
WITV
Writing
Intent to run
Touch & Concern land
Vertical privity
Requirements for an equitable servitude to run (Burden + Benefit)
WITN
Writing Intent Touch & Concern Notice **for a benefit: writing, intent, touch & concern
Implied equitable servitude
- scheme of development when sales began
2. D had notice of restriction
Fee Simple Absolute
“To A” or “To A and his heirs”
Fee Simple Determinable
“to A so long as…”
future interest = Possibility of Reverter
Fee Simple subject to Condition Subsequent
Conditional language + grantor’s right to re-enter
Future interest = right of entry/power of termination
Fee Simple subject to executory intereest
“to A, but if X, then to B”
Future interest: shifting executory interest
Life Estate
“to A for life”
future interest: reversion to O or remainder in a 3P
Types of remainders
Contingent: unborn/unascertained persons OR subject to a condition precedent Indefeasibly vested: certain to acquire in future Vested subject to total divestment/complete defeasance: certain, but string is attached Vested subject to open: class of takers is open
Types of executory interests
Shifting: follows a defeasible fee, cuts short someone other than grantor
Springing: cuts short the grantor
future interests in grantor
possibility of reverter
right of entry
reversion