Rule Statements Flashcards
Lost Property
When a person loses property, it goes to the finder.
Mislaid Property
When a person mislays property and forgets to return for it, it typically goes to the locust owner until the TO returns to claim it.
Abandon Property
TO intends to relinquish the property and does some act to demonstrate her intent to abandon the property.
Gift (Inter Vivos)
Includes (1) Intent to immediately transfer ownership of the property, and; (2) delivers the property actually, constructively or symbolically, and; (3) the recipient accepts the gift (acceptance is presumed unless the recipient demonstrates intent not to)
Gift (Causa Mortis)
Intent, delivery, acceptance, & a subjective belief that death is imminent + an objective threat related to the subjective belief.
Adverse Possession
For a claim if AP to be met a party must actually enter the land, use it open and notoriously, exclusively, hostile, and continuous for the statutory period.
Tenancy in Common
default tenancy, where Ts own fractional shares of property but have a right to posses the whole. May be subject to unilateral partition.
Joint Tenancy
The owners hold as one and take at the same Time, with the same Interest and Title, and a right to posses the whole. The magic words creating a Joint Tenancy are “right of survivorship”
Lien Theory
the majority rule that a lien on a tenants share in a joint tenancy does not sever the joint tenancy relationship.
Title theory
The minority rule that the joint tenancy is severed if title to the property is conveyed.
Tenancy by the Entirety
Strictly limited to marital property. includes the same unities has joint tenancy (time, title, interest, possession) plus a person, i.e. the spouse and is not subject to unilateral partition.
Partition by Sale
Occurs when two conditions are present, (1) the land is not capable of being divided proportionately with respect to the owner’s shares, and (2) if it would better promote the interest of the owners.
Partition in Kind
Actual division of land proportionate to the owners interest. This method is most preferred by courts because courts don’t like taking land away from people.
Rent in T. in Common
Generally a tenant in common is not liable to the other party in rent unless it was expressly agreed to or ouster has occurred.
Contribution
A tenant who has paid more than his fair share for mortgages, rent, etc… may seek contribution from other tenants in common.
Accounting
An equitable proceeding in which a tenant seeks to retain his share of rent or profits generated by the property.
Term of Years
Has s definite beginning an end and requires no notice to terminate because the tenancy will end when the term of years expires.
Periodic Tenancy
Lasts for an initial period of time and automatically continues until it is properly terminated. Proper termination is equal to the lease up to six months and may only terminate on the last day of the month. (month to month, year to year)
Tenancy at Will
Has no fixed time period and generally arises from implication. No notice is required to terminate by either party and L may not strong arm T if T decides to terminate. This is also the default courts use when they are unable to determine the relationship between L and T
Tenancy at Sufferance
Occurs when T stays in possession after the lease has expired. L has two options, he may evict the T or her may enter into a new relationship with the T.
Delivery of Possession (English)
This is the majority rule which states that the landlord has the responsibility to deliver actual possession of the premises on the first day of the tenancy because, by maintaining the property, he is in a better position to evict trespassers or Ts wrongfully still in possession.
Delivery of Possession (American)
This is the minority rule and states that the landlord only has a duty to deliver legal possession of the premises on the first day of the tenancy, i.e. key to access premises, and not actual delivery.