Real Property Flashcards

1
Q

Tenant Duties to 3rd Parties

A

T liable for injuries sustained by 3rd party INVITEES, even if LL promised to repair!!

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2
Q

Constructive Eviction

A

SING
Substantial Interference (with right to use/enjoy)
Notice (T notifies LL, LL refuses to act)
Get out!

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3
Q

LL Options if T Breaches

A

SIR
Surrender (Treat as ending the lease)
Ignore (and hold T liable for rent)
Re-let to new T (hold breaching T liable for any deficiency)

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4
Q

LL Liability for Torts

A

CLAPS
Common areas
Latent defects
Assumption of repairs
Public use rule (defects if leasing public space)
Short term furnished lease (liable for any defects causing harm)

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5
Q

Implied W Habitability T’s Options

A

Treat as breach – Move Out!
Repair & deduct from rent
Sue

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6
Q

Termination of Easement

A
END CRAMP
Estoppel (servient estate relies on termination) 
Necessity
Destruction
Condemnation of servient land
Release (in writing)
Abandonment (physical act needed; intent)
Merger of the parcels
Prescription

**Note: if merger terminates and the land is separated again later, NOT automatically revived

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7
Q

License

A

Freely revocable

Exception: estoppel (licensee invests substantial $ or labor in reliance)

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8
Q

Covenant to Run: Benefit

A
WITV
Writing
Intent
Touch and concern
vertical privity
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9
Q

Covenant to Run: Burden

A
WITHVN
Writing
Intent
Touch and concern
Horizontal privity
Vertical privity
Notice (actual, record, inquiry)
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10
Q

Equitable Servitude

A
WITNES
Writing
Intent
Touch and concern
Notice (actual, record, inquiry)
=
Equitable
Servitude
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11
Q

Implied Equitable Servitude

A

General scheme by subdivider when sale began
Notice (actual, record, inquiry)

**Exception: changed condition within the community is so pervasive, affects entire area

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12
Q

SoF

A
Required for land
UNLESS 2/3 met:
1. possession
2. payment (full/partial)
3. improvements
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13
Q

Time Not of Essence

A

Unless specified time not of essence

Clear title reasonable time after closing date is okay

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14
Q

Deed

A
Lawfully Executed
Grantor present intent to transfer land
Grantor signature
Writing (SoF)
Delivered
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15
Q

Present Warranties

A

Seisin
Encumberances
Convey

Present- one SEC

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16
Q

Future Covenants

A

Further assurances
Warranty
Quiet enjoyment

Future – FWQ

17
Q

Shelter Rule

A

Someone who takes from a BFP is protected as if they were a BFP (even if they otherwise would NOT be)

18
Q

Notice Statute

A

2nd Buyer wins if BFP

19
Q

Mortgage Transfer

A

CAN transfer mortgage if the note is negotiable
Must be SIGNED and endorsed by Mortgagee
Transferee must give value for the note
Transferee is a “holder in due course”
Transferee takes subject to the mortgagee’s real defenses (but not personal defenses)

20
Q

Transferee Defenses

A
Transferee takes subject to the mortgagee's real defenses:
MADFIFI4
Material Alteration
Duress
Fraud In Fractum
Incapacity
Illegality
Infancy
Insolvency
21
Q

Selling WITH the mortgage

A

Assumption of mortgage – debtor AND buyer are personally liable (buyer is primarily liable)

Subject to Mortgage – buyer NOT personally liable; only seller personally liable

22
Q

Variance

A
  1. Undue hardship
  2. Variance will NOT decrease neighboring property value
    Determined by admin action in front of zoning board
23
Q

Non-Conforming Use

A

once lawful but NO longer b/c new ord

24
Q

Exactions

A

Suspect – must be REASONABLY RELATED in (1) nature and (2) scope to the development