Property Flashcards
Restrains on alientation
Absolute are void, reasonble are ok
life tenant entitled to
all ordinary uses and profits (e.g., if someone is drililng for oil) on teh land
Can’t commit waste! - e.g., injures interest of remainderman or holder of reversion
Waste
voluntary (affirmative)
permissive (negligent)
ameliorative: allowed to change only if future interest si not diminished AND remainderman do not object OR substantial & permanent change in neighborhood conditions
Tenancy in the entirety
deed or mortgage executed by one spouse ineffective
can’t unilaterally transfer - going to be ineffective
Only death, divroce, mutual agreement, or execution by a joint creditor of both spouses can sever
divorce - tenancy in common
tenants in common
must share net profits gained from explitation, rents
AP only if you ousted - if someone just willingly leave, AP will never apply
Oral lease term of years that violates SoF (more than 1 year)
periodic tenancy, rent ;paid based on how its tendered
Tenancy at will
To T for as long as L or T desires
Terminates by either party at any time (or by operation of law - e.g., deat, waetE)
holdover
residential - mouth to mouth
commercial - if for term of years more than 1 year, year to year
Implied covenant of quiet title
landlord cannot exclude tenant from property (lease terminated)
partial eviction by landlord relieves tenant from burden to pay
[rotects against paramoutn title holder
Constructive eviction: substantial interference, Notice, Goodbye
Violation of IWH
Tenant can move out and terminate lease, repair and deduct from rent, reduce rent or withohold for court order, remain in possession and seek money damages
if T2 breaches, T1 can take (Assignment)
does not defeat assignment
Assignment of tenancy at will?
Not allowed! ends lease
same with landlord transering interest, renting to third person, committing waste
landlord tort liability - CLAPS
common aras, latent defects (duty to warn)
assumption of repairs
public use rule
short-term lease of furnished dwelling
Present covenants
Do not run with teh land to subsequent buyers!! so they can’t enforce (Owen, Abe, Bob)
Adverse possession - exclusive possession
means not sharing with owner or public