The Fee Simple Determinable Flashcards
To create a FSD, the grantor must use what type of language?
Clear durational language
If the stated condition in a FSD is violated, forfeiture is . . .
Automatic
What does “defeasible” mean?
Able to be forfeited
How is a FSD like a FSA? How is it different?
Both are devisable, descendable, and alienable.
FSDs are always subject to a condition.
Paul conveys Blackacre “to Ringo, so long as the premises are used as a recording studio.” Ringo has a what?
FSD
Paul conveys Blackacre “to Ringo, so long as the premises are used as a recording studio.” Ringo has a FSD. Suppose he conveys to Mick, who seeks to turn the recording studio into a bowling alley. May he do so? Explain?
No, not without forfeiting the estate.
You may convey less than what you have, but you can’t convey more. In other words, you can’t always get what you want.
What is the accompanying future interest in an FSD?
Possibility of reverter in the grantor
How does Frank Sinatra relate to FSDs? What is the scenario and what is the acronym?
Frank hates Orville Rednebacher popcorn and coneys property to Orville “so long as popcorn is never made on the premises.” Orville has a FSD and Frank has a possibility of reverter.
FSDPOR. Frank Sinatra didn’t prefer Orville Redenbacher. OR Fee Simple Determinable (contains the) Possibility of Reverter.