Real Property Flashcards
Fee Simple
is divisible, descendible, and alienable
Fee tail
abolished as a matter of public policy AND turns into a fee simple
life estate
Limited by the doctrine of waste (ameliorative waste does not count if property was condemnable)
FUTURE INTEREST= reversion of grantor OR remainder in 3rd party
If life estate in 2 people, contingent remainder in fee simple upon death of first.
fee simple determinable
REQUIRES= clear conditional language, violation of which leads to automatic forfeiture
CHARACTERISTICS: divisible, descendible, and alienable BUT always subject to durational condition
FUTURE INTERESTS: Possibility of Revertor
Fee Simple Subject to Condition Subsequent
REQUIRES = clear language that grantor has right to re-enter
CHARACTERISTICS = divisible, descendible, alienable, subject to condition. If violated –> interest may terminate at grantor’s option
FUTURE INTEREST= Right of entry
Fee Simple Subject to Executory Limitation
CHARACTERISTICS= divisible, descendible, alienable but subject to limitation
FUTURE INTEREST= Shifting Executory interest to3rd Party
Future Interests to Grantor
1) Possibility of Revertor
2) Right of Entry
3) Reversion
Shifting Executory Interest (Future Interests to 3rd Party)
Follows defensible fee of some sort
Contingent Interest
Future interest of third party
Unascertained person OR subject to condition precedent, or both
If condition precedent, conditional language appears before language creating remainder
If satisfied, becomes an indefeasibly vested remainder
Vested Remainder
future Interest of third party
Ascertainable AND NOT subject to condition precedent
Indefeasibly Vested Remainder
Future Interest of Third Party
Third person certain to acquire future interest without condition
Vested remainder Subject to Complete Defeasance/Total Divestment
Third Party’s future interest could get short by satisfaction of a condition subsequent
Doctrine of waste
(Very Athletic Purple Aliens)
Voluntary OR Affirmative waste
Permissive Waste
Ameliorative Waste
Voluntary or Affirmative Waste
Overt conduct causing a decrease in value or consumption/exploitation of natural resource
Exceptions = PURGE
Prior Use (if exploitation previously occurred, but limited to Open Mines Doctrine)
Reasonable repairs
Grant; or
Exploitation (land only suitable for this purpose ).
Permissive Waste
Life Tenant must pay all ordinary taxes and mortgage interest payments, and protect land from disrepair by conducting reasonable maintenance.
Ameliorative Waste
acts that may enhance property’s value not allowed UNLESS future interest holders know + give consent
Rule Against Perpetuities
Voids Future interests if any the possibility that is given in interest may vest >21 after death of measuring life
RAP Analysis
1) Last person mentioned by proper name
2) Next subsequent party not mentioned by proper name takes
3) the rest is truck
RAP Reform
Wait and See/Maj. J. = determine RAP at end of measuring life
Uniform Statutory RAP: provides for 90 year vesting period instead of life + 21 years
Joint Tenancy
Four Unities = TTIP (time; title; interest (equal) AND possession of the whole)
Grantor must clearly express survivorship rights
CHARACTERISTICS= not devisable or descendable; alienable BUT destroys joint tenancy
How to sever a joint tenancy?
SPAM – Sale, Partition (voluntary agreement; partition in kind; forced sale), Mortage (IF title theory, not client title theory)
Tenancy by the Entirety
Martial interest between H & W with right of survivorship
CREATION = only H&W who takes as one. Presumption when couple takes
CHARACTERISTICS = creditors can’t touch and no unilateral conveyance to 3rd party
Tenancy in Common
CHARACTERISTICS = each co-tenant owns individual part with right to enjoy/possess the whole
Descendible, divisible, and alienable. NO survivorship rights
Rights of Co-Tenants
POSSESSION = each has the right to posses the whole ; no ouster
RENT FROM CO-T = none; absent ouster
RENT FROM 3rd PARTIES = lease of premises must account to co-T for fair share of income
ADVERSE POSSESSION = co-T can’t adversely possess unless valid ouster
CARRYNG COSTS = each co-T must pay for portion of taxes and mortgage
REPAIRS = contribution from other co-Ts if co-Ts advised reasonable & necessary repairs
IMPROVEMENTS= no contribution from Co-Ts. But at partition, improver responsible for increase or decrease in value
WASTE =no waste and liability if co-T commits
PARTITITION = an co-T can seek it
Tenancy of Years
lease of fixed/determinable period
TERMINATION = no notice required
Term > 1 yr MUST be in writing (SoF)
Periodic Tenancy
Successive or Continuous Intervals
TERMINATION = notice required; must be at least equal to length of period with end at natural lease tenancy
EXPRESS or IMPLIED
Implied Periodic tenancy
1) no duration specified but payment required at specific intervals;
2) oral agreement of terms of years with payment at specific intervals OR
3) if landlord elects to holdover tenant who wrongfully stays
Tenancy at will
no fixed period of duration
Termination at ANY time
Tenancy at Sufferance
T wrongfully holds over expiration of lease
Tenant Duties: Duty to 3d Parties
Must keep premises in good receipt
Liability for injuries sustained by invitees, even if L promised to repair
Duty To Repair (tenant duties)
must maintain premises and make ordinary repairs; no waste
FIXTURESL pass with ownership of land unless private OR T can remove without causing substantial harm to premises
LOSS: CL – T liable for any loss, including force of nature. Modification: if loss w/o fault of T, T may terminate lease.
Duty to pay rent (tenant duties)
CL: Duty independent of L’s obligation
Modern Modification: duty dependent on L’s covenants under lease
Breach of Duty to Pay rent when Tenant in Possession of Property (tenant duties)
Commercial Ts: may be held for new yr-to-ry lease if original was > 1 yr
Residential Ts: held to new month-to-month lease, regardless of original term
Rent = new rent if L advised T before term of old lease OR old rent if L advised T after term.
If Tenant Fails to Pay Rent when Out of Posession
Acronym = SIR
1) Surrender (L treats as ending of leasehold, but if > 1 yr left, writing may be required ):
2) Ignore (hold T responsible for rent unpaid);
3) Re-let (hold T liable for deficiency but L must diligently try to re-let)
Duty to deliver Possession (landlord duties)
Majority (English rule): put T in physical possession. IF former T on premises, L is liable for damages
Minority (American rule): Put T in legal possession, IF former T on premisses, that is T’s issue
Implied Covenant of Quiet Enjoyment (landlord duties)
Breached by Total/Partial Actual or Constructive Eviction
TOTAL EVICTION: L excludes T from entire premises; or actual or continual refusal to repair material damages that prevent habitability (terminates T’s obligation to pay rent)
PARTIAL EVICTION: 3rd party retakes and physically excludes T form portion of leased premises (rent proportionality reduced)
Constructive Eviction
SING
S I = Substantial Interference (chronic problem fundamentally imcompatible with quiet enjoyment);
N = Notice (T notifies L, who fails to respond);
G = Get out (T must vacate within reasonable time)
Actions of other tenants (landlord duties)
L not responsible for actions of other Ts, except cannot permit nuisances and must control/police common areas