Property- Present Interests Flashcards
1
Q
Fee Simple Subject to Condition Subsequent (FSSCS)
A
SURE
Subsequent
Unless (on the condition that/but if/provided that)
Right of Entry
2
Q
Fee Simple Determinable (FSD)
A
DDR (max!)
Determinable
Duration (until, while, so long as, during)
Reverter
3
Q
Fee Simple Subject to and Executory Limitation
A
Executory limitation
Third Party (goes to someone else upon condition)
Conditional
Cut off (prior life estate)
Executory Interest
4
Q
Life Estate
A
“for life”
ends with their life
remainder/reverter
5
Q
Vested Remainder
A
Identifiable grantee
Not subject to condition
6
Q
Contingent remainder
A
Unidentifiable grantee and/or
Subject to condition
7
Q
Reverter
A
Always vested
Only to grantee
