Types Of estates

Question 1

When someone holds a possessory interest in real property,

Answer 1

The hold an estate

Question 2

Defeasible Estates Determinable

Answer 2

it’s already been determined that it will revert to the previous owner if deed conditions are violated.

Does not require court to determine

Question 3

fee simple condition subsequent

Answer 3

,there are conditions on whether or not it will revert. Those conditions are that the previous owner has to take the current owner to court. You can also think condition subsequent = c. s. = court to sue.

Question 4

3 conditions to quality for Homestead

Answer 4

A person’s primary residence
No bigger than 0.5 acres in a city or 160 acres outside of a city
Located in Florida

Question 5

pur autre vie life estate

Answer 5

a life estate in which the measuring life is someone other than the tenant.

So for example, it could be life of the grantor, or the life of a person the tenant is taking care of. When the measuring life ends, the estate is returned to the original grantor

Question 6

Also called “fee simple absolute” or “fee title” ?

Answer 6

Fee simple estate

Question 7

Defeasible Estates condition subsequent

Answer 7

estate with a condition attached to it that could cause
it to revert to the grantor

• Condition runs with the land (stays with property even if it changes hands)
• Can change hands when a condition is violated

Must be proven in a court of law

Question 8

Life estate - CONVENTIONAL

Answer 8

• Created by individual property owners
• Pur autre vie
• Ordinarnary

Question 9

Life estate - LEGAL

Answer 9

They are Created by law

• Dower/curtesy
• Elective share
• Homestead laws