Property Final Flashcards

1
Q

EASEMENTS:
Types of Easements

A

(1) Express Easement
(2) Easement Implied by Prior Existing Use
(3) Implied Easement by Estoppel
(4) Easement by Necessity

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2
Q

EASEMENTS:
Express Easement Elements

A

WRITING- Must be in writing

INTENT- Creator must be have intended to create an irrevocable easement

NOTICE- Only binding if notice was given by; record, actual or inquiry

APPURTENANT- Must be a dominant and a servient estate

W.I.N.A
(wait i need apples)

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3
Q

EASEMENTS:
Implied Easement by Estoppel Elements

A

PERMISSIVE USE- a licence was given at some point (oral- if writing they u knew it was irrevocable….shit outa luck)

REASONABLE RELIANCE- The dominant made substantial improvements based on their reasonable reliance

REASONABLY FORESEEABLE- Servient should have known the dominant would have made improvements

*Courts may apply…but not all jurisdictions do

P.R.F
(promise really failed)

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4
Q

EASEMENTS:
Implied Easement by Prior Existing Use Elements

A

UNITY & SEVERENCE-
(1) The dominant and servient estates were once under common ownership *quasi-easment was used prior to severance
(2) Severance created 2 or more parcels

OPEN AND APPARENT- easement was reasonably discoverable. (not the same as visible)

CONTINUOUS- Frequent and on going

NECESSITY- The necessity was determined at the time of severance
Traditional Rule
“by reservation” = Strict necessity
“by grant” = Reasonable necessity/ it is highly convenient
Moden Rule
both only need = Reasonable necessity

U.O.C.N
(Uncle Omar cant negotiate)

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5
Q

EASEMENTS:
Implied Easement by Necessity Elements

A

UNITY & SEVERANCE- The dominant and servient estates were once under common ownership and Severance created 2 or more parcels

STRICT NECESSITY- When the severance created an issue where one parcel of land is landlocked, in that there is no access to public roads without the easement

*Convenience is not necessity

*In some jurisdictions…
(1) Inadequate, difficult or costly = ok
(2) Water access = ok

Easement by necessity ends when necessity ends

U.S
(US NEEDS;)

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6
Q

Statute of Frauds

A

Every conveyance on land must be in writing other than a lease of 3 years or less

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7
Q

MARKETABLE TITLE
What is a Merger Doctrine?

A

After closing, the Contract of sale Merges into the deed.

Before closing (during executory period) you can sue for marketable title but…

after closing you can no longer sue for marketable title and would instead be breach of deed in the “The covenant to convey title”

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8
Q

MARKETABLE TITLE
What is a Marketable title?

A

Common law- All land sales require the seller to deliver marketable title at closing. Unless otherwise stated in the K.

Marketable title: the law ensures the buyer a marketable title free from reasonable doubt but not every doubt, thus free from reasonable doubt or any sort of threat/risk of litigation. A marketable title is free from all encumbrances, 3rd party interest which is incompatible with full enjoyment of the property.

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9
Q

MARKETABLE TITLE
If buyer Learns of Title Defects BEFORE closing then they must…

A

(1) Buyer Notifies the Seller
(2) Give the seller a reasonable opportunity to fix the defect

IF Defect is not fixed by closing. Buyer is excused from buying. And can sue seller for breach of K.

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10
Q

MARKETABLE TITLE
Under New York Law what was the Requirements to Transfer Real Property:

A
  1. In writing
  2. Signed by Grantor
  3. Names of Grantor and Grantee
  4. Description of the property
    Not Required: Notarization, Recording, Signature of Buyer.
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11
Q

DEEDS
What are the Types of Deeds that can conveyed?

A

GWD: General Warranty Deed
SWD: Special Warranty Deed
QCD: Quit Claim Deed

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12
Q

DEEDS
What is GWD and what conveyances are included?

A

protections of
(1) Covenant of Right to Convey Title - Present Covenant

(2) Covenant of No Encumbrances - Present Covenant

(3) Covenant of Quiet Enjoyment - Future Covenant

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13
Q

DEEDS
What is a breach of Quiet Enjoyment

A

To be dispossessed you must….
1. Actually be in possession;
2. Then be dispossessed
3. By someone claiming by through or under the grantor with superior title

*cannot just exist to = a breach

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14
Q

DEEDS
What is SWD and what conveyances are included?

A

Only protections against Covenant of No Encumbrances, made by / occurred during the promisors was in possession

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15
Q

DEEDS
What is Quit Claim and what conveyances are included?

A

Nothing.No Protection/promises for health of title.

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16
Q

DEEDS
What covenants run with the land?

A

Future covenants are always impliedly assign with privity of estate (run with the land)

Present covenants
(a) American rule –> present conventions are not implied assign with privity of estate (DON’T run with the land)
(b) Rockafeller rule –> present conventions are implied assign with privity of estate ( run with the land)

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17
Q

DEEDS
What is Impliedly Assigned

A

Impliedly Assigned = Easements and other rights that remain with property even after being transferred

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18
Q

DEEDS
What is Privity of Estate - now

A

**Privity of Estate* * = “Any voluntary transfer of possession or title”

Person with the future interest and the person in possession of the estate

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19
Q

RECORDING
Recording Systems, what are they and what is the rule ?

A

Recording System is in place to figure out who is the rightful owner of the property at issue.

© Common Law Rule states that: First in time is first in right. (Who ever got their deed first is the owner)

But there are “recording statutes” that based on jurisdiction, this can change this

The recording statue can be used to void encombrances

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20
Q

RECORDING
What are the Recording Statutes?

A

(1) RACE- The first purchaser For Value to record wins

(2) NOTICE- The subsequence purchaser For Value wins if the purchase made WITHOUT any notice of the prior purchase. (even if they don’t record)

(3) RACE-NOTICE *NY rule
The subsequence purchaser For Value wins if (1)the purchase made WITHOUT any notice of the prior purchase AND (2) the subsequent purchase is recorded first.

*Gifts don’t win in any jurisdiction

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21
Q

RECORDING
What are the types of Notice?

A

(1) Actual Notice: Did the purchaser already know

(2) Constructive Notice: The law will treat purchaser as if they had actual notice if facts could have been discovered by either:

 (a) Searching the records (a.k.a. record notice) OR

 (b) Inquiry (look at the property and ask) *when the initial grantee took posestion of the land
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22
Q

RECORDING
What is the Mother Hubbard clause?

A

“Mother Hubbard clause” = a deed can be legally enforceable even if you don’t specifically mention the property. BUT it DOES NOT constitute as notice

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23
Q

ADVERSE POSSESSION
What is Ejectment

A

1) when the D is the wrongful possessor and 2) P has the legal right to posses

24
Q

ADVERSE POSSESSION
What are the elements to adverse possession?

A

(1) CONTINUES AND UNINTERRUPTED
(2) LENGTH OF TIME
(a) TACKING
(b) DISABILITIES
(3) ACTUAL POSSESION
(4) EXCLUSIVE
(5) HOSTILE AND ADVERSE
(6) OPEN and NOTORIOUS

C.L.A.E.H.O
(Charlie Leaches Any Enemys Home Ofcours)

25
ADVERSE POSSESSION: What is Continues and Uninterrupted?
"The requisite possession is such possession as an ordinary that marks the conduct of owners in general holding, managing, and caring for property of like nature and condition" You must just possess the way your neighbours did. (Summer house = okay)
26
ADVERSE POSSESSION: What is the Length of Time + (a)&(b)
The Length of time is 10 years (a) Tacking: The clock does not restart and adds onto the next possessor. (AP1 tacks to AP2) OR (TO1 tacks to TO2) (b) Disabilities: This is an exceptions to the 10 year rule that says: If the **true owner** at the **time of adverse possession entering** is... 1. Minor 2. Of unsound mind 3. Imprisoned THAN the TO may bring action 5 years after the disability is resolved.
27
ADVERSE POSSESSION: What is Actual Possession?
Usually the adverse possessor can only claim title of the land in which they actually possessed. This can be shown by when the land is; 1. enclosed (fencing), 2.Cultivated (Built) or 3. Improved (built). But if **Color of Title** (you have a written instrument, it is just defective) You can claim possession of the land stated in the instrument.
28
ADVERSE POSSESSION: What is Exclusive?
AP required exclusive possession, in that they are not sharing with the true owner (in that case if sharing, they would be seeking an easement or licence)
29
ADVERSE POSSESSION: What is Hostile and Adverse?
Some Jurisdictions Intent Does NOT matter Some jurisdictions it Does either they say... 1. AP must "Know" they do NOT own (bad faith) 2. AP must mistakingly think they do own (Good guy) *NY
30
ADVERSE POSSESSION: What is Open and Notorious?
Open and Notorious means immediately visible. a) Material Enchorschments (Exceeding several feet) -Assumed Open and Notorious even if they TO didn't know, as they should have. b) Minor Encroachments (Not Exceeding several feet)- must need actual notice to claim open and notorious
31
GIFTS What is Inter vivos?
During life time
32
GIFTS What is Intestate?
Died with no will
33
GIFTS What are the elements for a valid gifts? (of personal property)
(1) INTENT- intent to make a gift not intent to deliver (2) DELIVER - ** below is only for personal propert- delivery of real property is statute of fruads** a) Actual b) Constructive (some jurisdictions require actual delivery unless the gift is not present or incapable of delivery) c) Symbolic (3) NO CONSIDERATION (4) ACCEPTANCE- Presumed (5) IRREVOCABLE- No strings attached I.D.N.A.I (I dont need another ian)
34
GIFTS What is gifts causa mortis + what is needed?
Gifts on a death bed *Revokable until death /only applied when they die *They must die soon
35
ESTATE CLASSIFICATION What is a reversion?
Goes back to the grantor
36
ESTATE CLASSIFICATION What is a remainder?
Goes to someone else
37
ESTATE CLASSIFICATION What are the types of systems?
(1) Term of Year Lease (2) Fee Simple Absolute (3) Defeasible Fees a. Fee simple determinable b. Fee simple subject to conditions subsequent (4) Life Estate **Dont get tripped up on this; default is FSA unless clear language is stated (think "as husband and wife" it was still FSA)**
38
ESTATE CLASSIFICATION What is Term of Year Lease
"To A for x Years" Future Interest: Reversion to LL
39
ESTATE CLASSIFICATION What is Fee Simple Absolute
"To A" (modern rule) or "To A and his heirs" (Traditional rule) Infinite duration and transferable When dead passes to heirs, but when living heirs have no ownership Future Interest: Remainder
40
ESTATE CLASSIFICATION What is Fee Simple Determinable
"To A **for so long as / during / until / while / only** Condition violated = auto/immediate reversion Transferable (but condition) Future Interest: The possibility of reversion **© Common Law Rule = Future Interest can only be transferred via will and not inter vivos Modern Rule: It can be transferred inter vivos and will** **Dont get tripped up on this; default is FSA unless clear language is stated (think "as husband and wife" it was still FSA)**
41
ESTATE CLASSIFICATION What is Fee Simple Subject to condition subsequent
"To A **but if / provided that** x occurs..." Condition violated = the grantor **can** exercise right to re-entry Transferable (but condition) Future Interest: Right of Entry **© Common Law Rule = Future Interest can only be transferred via will and not inter vivos Modern Rule: It can be transferred inter vivos and will** **Dont get tripped up on this; default is FSA unless clear language is stated (think "as husband and wife" it was still FSA)**
42
ESTATE CLASSIFICATION What is Life Estate
"To A for life" or "to A for life of B" Future Interest: Reversion
43
CO-OWNERSHIP What are the types of Co-Ownerships?
(1) Tenants in Common (2) Join Tenancy (3) Tenancy by Entirety **Tennants in common is the defualt Looks at th Intent of the parties + the language**
44
CO-OWNERSHIP What is Tenants in Common?
Estate that has shared ownership where each owner has distinct but undivided and separately transferable property interests. Can be transferred inter vivos **Modern & NYC Statutee** a grant to two or more persons creates a tenancy in common
45
CO-OWNERSHIP What is Joint Tenancy?
If one joint tenant dies, his interest passes automatically to the surviving joint tenants (as they Share the right of survivorship) To Create Joint Tenancy: P- Possession in whole I- Interest is the same T- same Time T- same Title * If transferred, the new tenant DOES NOT get survivorship (they are now a tenant in common) b/c the 4 unites have been broken
46
CO-OWNERSHIP How to sever Joint Tenancy?
Traditional Rule: (1) Transfer to a 3rd party- which makes in tenancy in common (2) than back to you Modern Rule: Transfer to yourself as a tenancy in common **THIS WORKS FOR CREATING AS WELL**
47
CO-OWNERSHIP What is Tenancy by Entirety?
When married people share the right of suretyship. P- Possession in whole I- Interest is the same T- same Time T- same Title **+ Marriage** *only in some states + But when it does just assume Tennancy by Entirety when people are married
48
REAL COVENANTS What is a real covenant / when does it run with the land (elements)?
*This is for covenants other than deeds and leases (1) ENFORCABLE COVENANT- Affirmative or Negtive (2) WRITING - Must be in writting (3) NOTICE- Yes and must be recorded (4) INTENT- Yes, Express or implied (5) TOUCH AND CONCERN- if it T&C the land in that it is not a personal covenant (6) PRIVITY OF ESTATE a) Horizontal: between promisors / created an Instrument that created the promise b) Vertical: Subsequent transfers (by promisor or promisee) E.W.N.I.T.P every weiner needs ideal tight puss
49
MARKETABLE TITLE What things can make title unmarketable?
**IF they get the legal right to do it, it is not an encombrance anymore becuase they have legal right. (Think school leasing land quiestion, issue was the lease not the enchorchment)** **Look for language of ...Subject to recorded encombrances = if its record then shit outta luck** Title is not marketable if… Chain of Title Defects (The seller doesn’t own it) 1.Fraud or Forgery 2.Mistake: (Incorrect legal description or notarization) 3.Duress: (Signed by a minor or non capacity) 4.Authority of Corp or trustee The seller title is subject to an unapparent (not visible) encumbrance 1.Mortgages 2.Easements: Non possessory right to use land in the possession of another 3.Covenants: “Structures cannot > 15 feet” 4.Leases: If someone is currently leasing out the property 5. Liens: Somebody owes somebody a sum of money 6. Encroachments B's garage encroaches on A's land, as a result A's land might be unmarketable 7. Options 8. Violations of Zoning *Existing zoning Restrictions DOESNT mean non-marketable, but violating them DOES
49
LL & TENAT What is a term of year lease and how can it be terminated?
Fixed time with a start and end date. 📄 - "Terminate w__ Notice" ©-No notice b/c its ends auto
50
LL & TENANT What is a Periodic Tenancy lease and how can it be terminated?
Month by Month or Year by Year, It keeps going until notice is given 📄 - Often none ©- LL & TT must give notice prior to the end of the term, with at least 1 period of notice *No longer than 6 months ⚖️- 30 Days notice minimum before end of term
51
LL & TENANT What is a Tenancy at will lease and how can it be terminated?
No fixed term, it ends at will 📄 - Often none ©- No notice is needed but if one person has the right to end they both do. Auto terminate if one dies or sells. ⚖️- 30 Days notice, either notice given T, person at their home of age, or on door. After 30 days LL can enter
52
LL & TENANT What is the duty to deliver possession?
📄 - Express than apply, other then that use statute. ©- UK Rule- Both legal and Actual US- Only Legal ⚖️-UK Rule
53
LL & TENANT What Creates and Severs Privity of K ?
Created: (1) Enter into a K (2) Assumption Sever (1) Express Release (2) Full Performance
54
LL & TENANT What Creates and Severs Privity of E ?
Created: (1) Always between LL and the person in actual possession *except sub-Lease Sever (1) Assignment
55
LL & TENANT What is a sublease / how do you know?
LL --> T1 (PofK & PofE) T1---> SubT(PofK & PofE) Traditional Rule: All interest assigned then assignment Some assigned then Sub lease Modern Rule: Look at parties Intent
56
LL & TENANT When is consent needed?
📄 - (1) If silent the implied ability to assign unless T has special skills the LL relied on (2) "T cannon assign w/out consent" Traditional Rule: Can be unreasonable in refusing Modern: Must be commercially reasonable in refusing (3) "T cannon assign w/out consent & LL must be reasonable" = Enforce (4) "T cannon assign w/out consent & LL can be ubreasonable" = Enforce ©- Traditional Rule: Can be unreasonable in refusing Modern: Must be commercially reasonable in refusing Dumpnor: If LL says yes to 1 = yes to all. unless expressly negated in K ⚖️- Assignments (1) If reasonable = T may not assign and CANNOT be released (2) If unreasonable = T may not assign but can be released Sublease (1) If reasonable = No Sub lease (2) If unreasonable = Yes Sub lease