VA ownership Flashcards
does not recognize fee tail
creates a fsa
in va every future interest is
alienable
for right to reverter
you have ten years to get it back or FSA “I.e. until you graduate law school”
contingent
not known or dependent on some event that has not occurred
virginia does not destroy contingent remainders,
it creates an executory interest until it occurs
virginia keeps with intent
holds shit for heirs if needed
RAP
actually vests or lapses within 90 years if creation
va requires express language of
right of survivorship
va requires express language of
right of survivorship for joint tenancy
if you kill them,
survivorship is gone for you and the guy killed gets it; above applies to tenancy by the entirety as well
express langauge not need for
tenancy by the entirety
tenancy by the entirety only applies to
marriage (no alienation wi/o consent)
tenancy by the entirety only applies to
marriage (no alienation wi/o consent)
ONE co-tenant who makes repairs or improvements
can require reimbursemnt upon partition
what happens if divorce
TIC
