Real Property - Essay rules Flashcards
- Fee Simple Absolute
-
Fee Simple Determinable
- Possibility of Reverter
- Fee Simple Subject to Condition Subsequent
- Right of Re-entry
- Fee Simple Subject to Executory Interest
- Remainderman
- Life Estate
FE Absolute: FSA is a PPE that does not term (unless O dies intestate w/out heirs; prop escheats to state) & gives a prsn all prop rights, incl. unimpeded rights to (1) sell or convey all or part, & (2) devise. FSA is freely A by O during life, & upon death, D & D.
FS Det: A FSD is a present FS limited by specific durational langge sch tht it termintes auto upon the happnng of a statd condition, and full prop o/ship reverts to the g/or. A FSD is freely A, D, & D, bt always sbjct to stated condition.
Possibility of Reverter: A Poss of Rev’r is a FI that arises auto in the g’or as a consequece of conveying a FSD. Upon the occ of the stated cond, the estate auto reverts to the g’or.
- Fee Simple Absolute
- Fee Simple Determinable
- Possibility of Reverter
-
Fee Simple Subject to Condition Subsequent
-
Right of Re-entry
- Waiver
- SoL
-
Right of Re-entry
- Fee Simple Subject to Executory Interest
- Remainderman
- Life Estate
FSSCS: is a present FS in whch g/or reserves, thrgh conditional words, right to terminte upon happening of a stated event. The FS does not auto term. upon occurence of event, bt whn g’or acts to recover poss. Feely A by O during life, & upon death, D & D.
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Right of Re-entry: A RoRE is a FI g’or expressly reserves after granting a life estate or fsscs.
- Failure to Assert RoRE:
- Waiver: Rght to term a fsscs is D & D. Failure to assert the RoR does nt constitute a waiver.
- The SoL limits th time a P may bring a claim to encourage resolving claims w/in a reas time, and prevent stale claims from arising after ev has been lost or facts become unclear through time passage, defective memory, death, or witness disappearance.
- Failure to Assert RoRE:
- Fee Simple Absolute
- Fee Simple Determinable
- Possibility of Reverter
- Fee Simple Subject to Condition Subsequent
- Right of Re-entry
- Waiver
- SoL
- Right of Re-entry
-
Fee Simple Subject to Executory Interest
- Remainderman (WHERE DOES THIS FIT?)
- Life Estate
FS Sbjct to Exec Intrst: is a present FS in whch a 3P will be entitled to prop upon occ of a specified cond. Created whn G’or uses words such as “to person X, so long as/but for, … to person Y”.
- A reversion is a FI the g’or retains whn g’or tfrs less than a FSA to a 3P. (CHECK THIS IS CORRECT!)
Life Estate: is a present poss interest ltd in duration by a life.
- Fee Simple Absolute
- Fee Simple Determinable
- Fee Simple Subject to Condition Subsequent
- Fee Simple Executory Interest
- Life Estate
- Restraints on Alienation
A restraint on A occurs when G’or attempts to restrict the alienability or transferability of the land.
Forfeiture restraints on alienation (g’or may term estate if conveyance made) on fee simples’s are void, unless for a limited time and reas purpose. All absolute restrictions on alienation or transferability on fee simple estates are void and unenforceable. H,T,
3 types of restraints exist:
- Disability: all transfers are void
- Forfeiture: land is forfeited if a transfer is attempted
- Promissory Restraint: an attempted transfer breaches a covenant
FUTURE INTERESTS
Remainder
Rule Against Perpetuities
A Remainder is a FI created in a g’ee that takes effect after the expiration of a prior possessory estate. A remainder can be [vested or contingent].
A vested remainder is (1) an interest not subject to any cond precedent and created in (2) an ascer grantee.
A remainder is contingent if (1) interest subject to a condition precedent or (2) unascertained taker.
Rule Against Perpetuities: No interest in prpty is valid unless it must vest, if at all, not later than 21 years after some life in being (measuring life) at the creation of the interest.
CO-TENANCY
- JT Formation
- JT Severance
- Tenants in Common
JT Formation: A cnvynce of r.p. to 2> persons creates a JT whn 4 unities are present: (1) time (all intrsts were received at the same time), (2) title (all intrsts were acquired by same instrument), (3) intrst (all o/ship intrsts are equal), AND (4) possession (all intrsts have equal rights of poss).
Mst be clear express intent to create JT. A RoS means tht whn 1 JT dies his intrst in land is auto tfr’d to other JT(s).
JT Severance: JTs cn convey all or part of their indvdual intrst during their lifetimes (inter vivos) to a 3P. Gnrly, whn 1 JT unilaterally tfrs his o/ship intrst in the r.p., JT is severed and Ts thn hld prop as TiC.
[Whn a JT takes out a motg on her intrst, mtge’s effect on JT depends on jx.]
- Lien Theory Jx – U/ maj, mtg intrst is a lien, & does nt sever a JT until prop is sold at a foreclosure.
- Title Theory Jx– U/ min, a mtg intrst severs a JT upon the granting of a mtg & converts it to a TIC.
TiC: Default estate created unless express intent to create a JT or conveyance to a “h and w”. In a TIC each T has an undivided interest w/ unrestricted rights to possess th whole prop w/ no RoS. Each T cn devise or tfr his/her intrst to anyone.
[A TIC can bring an action for partition. In doing so, the ct will require an accounting b/w the TICs relating to the prpty. One TIC cannot bind another TIC to an a/ment to which they weren’t a part.]
CO-TENANTS
Rent from Co-Tenants
Ouster
Rent frm C-Ts: A c-t cannot collect rents frm another c-t who is in exclusive possesion of th premises, unless (a) a/ment to contrary, or (b) c-t seeking rent ws wrongfully ousted. H,T,
Ouster: All c-ts hve equal rights to possess entire prop. An ouster occurs when a c-t excludes another c-t from possessing prop. Party wrongfully excl. frm prop may bring an action to recover possession and dgs. [Ouster is required for a c-t to obtain title through adverse possesion]. H,T
Co-Tenancy
- Operating Expenses a c-t can
- Rents from Third Parties a c-t must
- Repairs
Op Exp: A c-t cn collect contribtion frm other c-ts for paying mre thn his portion of nec. or beneficially spent op expenses (taxes or mrtgge intrst), unless he is only 1 in phys poss of prop and his use is equal to or outweighs overpayment.
Rents from 3Ps: A c-t mst account to other c-ts for rent received frm 3Ps, but he cn deduct op expenses whn calculating net proceeds. 3P rents are divided based on o/ship intrst of each tenant.
Repairs:A c-t does nt hve a right to be reimbursed by other c-ts for repairs made to prop, even whn thse repairs are nec. H/e, maj view is tht contribution for nec. repairs cn be compelled in actions for accounting or partition. A c-t may, in some jxs, maintain a separate action for contribution, ala other c-ts have been notified of repair needs.
LANDLORD-TENANT
- Type of Tenancy
- Valid Lease
- [Assignment | Sublease]
- [Breach of Lease | Anticipatory Repudiation]
- Tenant Defenses
- Covenant
- Waste
- Fixtures
A Tenancy for yrs is a LE measrd by a fixed and ascertainable amnt of time.
A Periodic Tenancy is a repetitive, ongoing LE measured by a set period of time, but with no predetermined term. date. May be created by express a/ment, implication (if rent is paid at specific periods), or by law when a tenant-for-yrs remains after termination of the period or when a lease a/ment is invalid.
[Term. Notice: B/c it auto renews, notice is required to terminate. Notice (1) must be given before the beginning of the intended last period of the periodic tenancy, and (2) is generally effectively only as of the last day of the period. The SoF does not apply to a period tenancy b/c it is for a non-fixed term. Trad view was that notice had to be sufficient to show intent; mod no writing is required for term, unless a statute requires it.]
A Tenancy at will is a LE w/out a specific term & continues until LL or T terminates. Usually created by express a/ment.
[Term Notice: Trad., either party may terminate a TatW w/out notice, but the T must be given a reas time to vacate. Modern majority, either party may terminate with notice. H,T]
Tenancy at Sufferance (Holdover): A T who remains in poss on premises after lease expiration is a holdover T.
LANDLORD-TENANT
- Type of Tenancy
- Valid Lease
- [Assignment | Sublease]
- [Breach of Lease | Anticipatory Repudiation]
- Landlord and Tenant Duties
- Tenant Defenses
- Covenant
- Waste
- Fixtures
Valid Lease: A LE is a K’ual r/ship gov’d by a lse tht contains the parties’ covents. The SoF requires a lease for > year to be in writ to be enforceable. [Gnrly, a T covenants to pay rent and not commit waste in exch. for LL delivring actual poss of, and repairing, the leasehold premises]. H,T
SoF Exception - Part Perf: Part Perf is an exc to the SoF. A ct may enforce an a/ment whr thr hs been payment and partial perf ev’ing condct unequiv and exclusvly referrable to the K.H,T
Ass/ment: Absent cont langge, a lse is freely assigned. An ass is a complete tfr of a T’s remaining lse term. Assignee Ts are in priv of estate with the LL and liable to th LL for rent and other lease covs that run with the lease. Non-ass restrictions are valid, but narrwly construed against the LL. A n-ass provisn may be waived if LL knws of th ass and does nt object.
[Original T Rights and Liabilities]: Absent a novation, the original T in an assign/t remains in privity of K with LL, and is liable for rent and all other covenants in lse for lse duration. H,T
Sublease: Absent cont langge, a lse can be freely sublet. A tfr for less than the entire lse duration is a sublease. Non-sublse restrictions valid, but narrowly construed against LL. A sublse may be waived if LL knws of sublease and does nt object. H,T
LANDLORD-TENANT
- Type of Tenancy
- Valid Lease
- [Assignment | Sublease]
- [Breach of Lease | Anticipatory Repudiation]
- Landlord and Tenant Duties
- Tenant Defenses
- Covenant
- Waste
- Fixtures
Bch of Lease: Promises of LL & T are gnrly indep of each other; each pty mst perf promises regardless of whether other pty perf’s. [T hs a duy to pay rent as a consequence of a lease. If a T fails to pay rent, the LL can sue for damages, and remove the T from the prop.] H,T
Antic Rep: occurs where a promisor, prior to the time to perform arrives, unequivocally indicates s/he will not perform when the time occurs. AR gives the non-repudiating party 4 options: (1) treat the K as totally repudiated and sue imm., (2) suspend own perf. and wait until perf. is due to sue, (3) treat the rep. as an offer to rescind, and K discharged, or (4) ignore the rep. and urge perf. H,T
LANDLORD-TENANT
- Type of Tenancy
- Valid Lease
- [Assignment | Sublease]
- [Breach of Lease | Anticipatory Repudiation]
- Landlord and Tenant Duties
- Tenant Defenses
- Covenant
- Waste
- Fixtures
Possession The minority rule req the LL to deliver the legal right to possesssion. The maj rule req the LL to deliver actual poss. H,T
Rent The promises of the LL and the T are generally independent of each other; each party must perform promises regardless of whether or not the other party performs. H,T
LANDLORD-TENANT
- Type of Tenancy
- Valid Lease
- [Assignment | Sublease]
- [Breach of Lease | Anticipatory Repudiation]
- Tenant Defenses: (SoF_,_ MAISE)
- Covenant
- Waste
- Fixtures
- Mitigation: A pty to a K hs oblgtion to use reas efforts to avoid dgs. H,T
- Abandonment: If T fails to pay rent, and abndns premis by vacating w/out intent to return, LL may (1) retake premis, (2) ignore abndnmnt and contnue to hold T liable for rent, or (3) reenter and relet the premises. H,T
- Implied W of Habit: With reg to resi leases, IWoH req a LL to maintain prop sch tht it is reas suited for resi use. If premis are not habitable, T may (1) refuse to pay rent, (2) remedy the defect and offset cost against rent, or (3) defend against eviction. B4 T w/holds rent or remedies defect, T usually mst notify LL of problem and give LL a reas opp to correct problem. H,T
- Surrender: A lse may term whn, b4 expir, T surrenders the l-hold. LL accepts = T’s duty to pay rent ends; LL does nt accept = T deemed to have abandoned the lse and is liable for dgs. A LL’s acceptance must be clear, must show intent to accept the surrender. H,T
- Quiet Enjoyment (see flashcard)
Quiet Enjoyment
- Actual Eviction
-
Constructive Eviction
- Substantial Interference
- [Situation 1] (If nuisance, insert here)
- Notice
- Vacate
- Substantial Interference
Retaliatory Eviction
Evry lse contains an imp cov. of QE, whch is brched whn the LL, someone claiming through LL, or someone w/ sup title disrupts T’s possession. Any acts (except for temp or de minimis acts) by LL tht brch this cov. amount to an A or C eviction of T.
- Actual: If LL removs T frm premiss, totl evic terminates lse & T’s obs to pay rent.
- Constructive: If LL (1) sub interferes w/ T’s u&e of l-hold, T’s ob to pay rent is excused due to CE if T gives (2) notice and (3) vacates prop w/ reas time.
Retaliatory Eviction: A LL may nt evict a resi T for failure to pay rent as retaliation for the T reporting a housing code violation to the appropriate authorities. H,T
WASTE
Affirmative
Permissive
Ameliorative
A [LL/remainder interest] may bring suit for dmgs when a [T/LE holder] commits [(1) A (vol), (2) P (invol), or (3) A waste].
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Affirmative results from intentional or neg acts that cause a prop value decrease. H, T.
- Exceptions exist for exploiting minrals and timber if (1) a g’or auth exploitation at the begning of the tenancy, or (2) exploitation is nec to maintain the prop. H,T.
- Permissive results from (1) neglect, or (2) failure to reas protect prop. H, T
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Ameliorative results from acts that change or enhance prop value, w/out the conset of future interest holders. H,T
- Exceptions: Mod majority allows phys altering structures on the prop when nec to make reas use of the prop. H,T