Real Property Flashcards
OK Life Estates by Marital Right - Homestead
In OK, dower & curtesy have been replaced by Homestead.
A surviving spouse is entitled to remain in possession of the homestead property for life.
These homestead rights cannot be unilaterally defeated. Neither purchasers from, nor creditors of, one spouse can defeat the homestead rights of others.
In Oklahoma, a joint tenancy can be created in two ways:
(i) by express language in the instrument, or
(ii) by actions of the party creating the joint tenancy indicating an intention to create the essential elements of joint ownership and survivorship
Does OK recognize Tenancies by the Entirety?
Yes.
Oklahoma recognizes tenancies by the entirety, which may be created in the same manner as joint tenancies, but only between spouses.
Lien Theory
Oklahoma is a lien theory jurisdiction, and thus execution of a mortgage by one joint tenant does not cause a severance.
In OK, what is the statutory period for acquiring an easement by prescription?
15 Years
Termination of Periodic Tenancies in OK
All tenancies form year to year may be terinated by at least 3 months notice, in writing, given to the tenant prior to the expiration of the year.
Risk of Loss in Land Sale Contracts
Oklahoma has adopted the Uniform Vendor and Purchaser Risk Act.
Thus, unless the buyer has either legal title or possession of the property at the time of the loss, the risk of loss is on the seller.
*This differs from the majority rule which provides that the risk of loss is on the buyer.
OK Adverse Possession
15 Years
In Oklahoma, so long as there is no severance of title to the surface estate from title to the underlying mineral estate, adverse possession of the surface for the statutory period gives title to the minerals by adverse possession.
However, if severance occurs before the adverse possession commences, title to the minerals cannot be acquired by adverse possession of the surface alone.
For a person to adversely possess a severed mineral estate, he must actually open a well on a tract of land and exercise possession over the minerals for the statutory period.
Oklahoma requires that all easements by express grant be:
evidenced by a signed writing.
Cy Pres Doctrine
OK has adopted the cy pres doctrine.
It allows reformation of a conveyance to save what is otherwise an invalid interest under the RAP in order to effectuate the settlor’s intent.
OK Unconstitutional Takings
The Oklahoma Constitution prohibits governmental taking of private property for PRIVATE use “with or without compensation . . . except for private ways of necessity, or for drains and ditches across lands of others for agricultural, mining, or sanitary purposes.”
Private property may not be taken for PUBLIC use “without just compensation.” In either case, the court determines the nature of the use.
OK Eminent Domain
Oklahoma courts tend to construe the power of eminent domain narrowly and will not find economic development alone to be a public purpose.
In OK, when a grantor conveys a mineral interest in land under warranty of title and subsequently defaults on a mortgage that covers the entire property, ______ operates to automatically revest title in the mineral grantee if the grantor reacquires the property after the foreclosure sale.
the equitable doctrine of estoppel by deed
Rights of Easement Holder & Servient Land Owner
The holder of an easement has the right to use a servient tract of land for a special purpose.
The owner of the servient land continues to have the right of full possession and enjoyment subject only to the limitation that he cannot interfere with the right of special use created in the easement holder.