Term
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Definition
Tenancy in common is a form or concurrent estate where each tenant in common has the right to possess the whole, ownership is freely devisable, and is the presumptive estate with ambiguous conveyances.
O to A and B
Presumed to be equal shares unless stated otherwise
Subject to partition (later card)
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Term
Joint Tenancy with Right of Survivorship Rule
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Definition
JnT is a form of a concurrent estate where all owners have the right of survivorship and the same title, interest, and possessor rights conveyed at the same time (4 unities), that cannot be devised without destroying the JnT tenancy. |
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Term
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Definition
TbE is a form of concurrent estate that is exclusive to married couples with the right of survivorship, with four unities present, where the marital unit owns the whole and can only be severed by death, divorce, or common conveyance.
- It is the default standard presumption in com law
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Term
Creditors to Tenancy by Entirety
3 Approaches |
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Definition
- estate is not subject to the separate debts of one spouse only
- Debts of single spouse may be attached only to the right of that debtor suvivorship - nothing until the non debtor spouse dies
- Same as #2 with the present ability to claim the debtor spouses current interest in the right of survivorship
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Term
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Definition
- Everyone has right to possess the whole regardless of your share
- Entitles to fractional profits in proportion
- Can convey without others consent
- Ten in possession can use as long as not wasted
- Share expenses and necessary repairs, no duty for improvements
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Term
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Definition
- Same time (of ownership), same title, same interest (equal proportions), same right of possession
- Leases may or may not break the unities - based on jurisdictions
- Conveyance severs the 4 unities and the Jnt Tenancy
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Term
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Definition
- Outser occurs when a tenant out of possession requests to possess the land and the co-owner in possession excludes him by some explicit act.
- Tenant in possession must pay rent to ouster tenant
- Constructive ouster when multiple occupancy is impossible -10 people in 1 bedroom, etc.
- Or if hostility flows from the co-tenant in possession.
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Term
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Definition
- Partition in Sale- sell property and get your $ based on your fractional ownership
- Partition By Kind- Co tenants receive their respective fractional amounts of actual land
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Term
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Definition
Consideration , money given to partition in kind when one part of the land is more valuable, desirable or something else makes is preferable. |
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Term
Fee Simple Absolute Definition
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Definition
O to A and her heirs
FSA is a present estate that is freely defeasible and carries no future interests.
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Term
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Definition
O to A so long as XXX
while used as ...
during XXX use
O to A so long as used for X purposes, if otherwise, reverts to O (or whomever)
FSD is a present estate that is defeasible upon a specified condition, which when violated, automatically triggers the future interest known as the "possibility of reverter" that returns ownership to the grantor.
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Term
Fee Simple subject to a condition subsequent
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Definition
O to A on condition that it be used for residential purposes; if not, then O shall have right of re-entry
provided that ...
but if...
FSSCS is a present estate that ends upon a condition, which if met, gives the grantor the right to assert his future interest known as the "right of re-entry". |
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Term
Fee simple subject to executory LIMITATION
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Definition
Not for grantor, future interest only in 3rd party
O to A so long/on condition as used for residential purposes, then to B
Words of duration
until... unless... but if...
The FSSEL is a present estate which ends when a specified condition is met, automatically triggering the future "executory interest" to a third party. |
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Term
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Definition
Language: For life
Cannot devise but can convey (selling is unlikely)
If ambiguous, fee simple absolute assumed
A LE is a present estate that ends at the death of the designated individual and triggers the future interest known as either a reversion back to the grantor or a remainder to a third party.
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Term
Reversion, remainder, and possibility of reverter |
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Definition
Reversion- life estates back to O
Remainder - life estates (then to X)
Possibility of reverter - Fee Simple Determinable - back to O |
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Term
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Definition
The non joining tenant in a lease may not demand exclusive possession, but can demand to be let into possession
Non joining tenant not bound by lease
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Term
Three vested interests for remainder on life estate |
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Definition
- absolute vested remainder (then to X - named)
- vested remainder subject to open (then to children of B - where there is 1 or more kid already but more may be coming)
- vested remainder subject to divestment (then to B if condition is met - see separate card - then to B , but if B does not survive A, then to C)
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Term
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Definition
In Life Estates (remember remainders in life estates)
Contingent upon something - then to A if A becomes a lawyer
Contingent remainders if to someone's heirs (unknown until death) or to children of B (if not born yet)
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Term
Contingent Remainders
vs
Vested Remainders sub to divestment
IMPORTANT CARD!!!!! |
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Definition
Remember Diff between Contingent (uncertainty) and Vested (known and established pre-criteria)
Vested sub to divestment - at least 1 person known - has estate now, but could lose estate (then to B but if B marries a lawyer, then DIVESTS to C)
Contingent - heirs, unborn, or contingent upon future event - to B if he graduates from law school
B does not have it yet, but could gain it
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Term
Vested remainder subject to divestment |
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Definition
Vested in known person ( to B) right now
Subject to divestment - could lose it
then to B, but if B marries lawyer, then to C
B can lose/DIVEST it to C if he marries a lawyer |
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Term
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Definition
Present interests that terminates on a specific event - followed by a future interest
- Fee simple determinable - so long as used residental
- Fee simple subject to condition subsequent
- Fee simple subject to executory limitation
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Term
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Definition
Holder of life estate owes a fiduciary duty to the owner of the remainder or reversion.
Three types of waste:
- Voluntary / affirmative waste - deliberate acts of damage - removal of trees
- Permissive waste - passive, no maintenance
- Ameliorating waste - improvements to property increasing value of land
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Term
Remedies for waste in life estates |
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Definition
- Sue life tenant for injunction to stop
- Sue life tenant for damages
- Sue for termination of life estate (Mcintyre vs xxx)
Other Future interest in other estates may sue for injunction if waste is active/affirmative/permissive destruction of property |
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Term
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Definition
- Answer her question specifically
- Give rules - and refer back/restate for separate questions
- Use facts in the case - do not make up - rain can equal wet roads
- Define all abbreviations
- Be sure to IRAC
- Number your answers
- Argue both ways - even if seems obvious - JnT vs Tnc
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Term
Presumption against forfeitures |
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Definition
Courts prefer to interpret ambiguous conveyance to avoid a future interest
Complete estate shall pass to the grantor unless there is clear intent for a lesser estate in terms or language
Revert to fee simple determinable |
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Term
Restraints against alienation
Rule against creation of new estates |
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Definition
Alientation - courts disapprove of restrictions on the free transfer of property - cannot require that they never sell the property - can say that they do not partition property
Cannot create new estates - heirs on her father's side (what does this mean) - interpreted as the most similar estate - example |
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Term
Rule against perpetuates rule |
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Definition
No interest is good unless it must vest, if at all, no later than 21 years after the death of some life in being at the creation of the interest.
Translated: rule invalidates future interests that may vest too far in the future
Gives current owner more control of property
Note difference between creation of instrument and creation of the interest |
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Term
RAP does not apply to 5 categories: |
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Definition
Does not apply to grantor or those already vested
- Reversion (life estate)
- Possibility of reverter (fee simple determinable)
- Rights of re-entry (fee simple sub to cond. subsequent)
- Absolutely vested remainders (life estates)
- Vested remainders sub to divestment (life estates)
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Term
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Definition
Applies to unknown/uncertain future interests
- Executory interest (fee simple sub to exec inter)
- Contingent remainders (life estates)
- Vested remainders subject to open (life estates)
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Term
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Definition
Must be in existence when the INTEREST is created - at death of devisee or at transfer of conveyance (if not, RAP applies and invalidates future interest)
In utero is "life in being"
Does not need to be named in grant/transfer - or even named at creation of the INSTRUMENT
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Term
RAP Rule and Question to Ask |
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Definition
If the future interest can possibly vest more than 21 years after the death of all lives in being at the creation of the interest
Future interest is void
Strike back until indefinable/recognizable estate remains |
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Term
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Definition
- ID the interests and see if they are subject to RAP
- Executory interests, contingent remainders, vested subject to open (some life estates)
- ID all lives in being at the creation of the interest
- Is it possible that the future interest vests outside of 21 years of these lives?
- If so, apply strike back rule
Does RAP Apply?
Is RAP violated? |
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Term
Restraint on marriage rule |
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Definition
Cannot require someone:
Marry a specific person
That they cannot marry at all
Must be reasonable restrictions - marry inside the faith
Question - is requirement to marry a lawyer allowed by restraint on marriage rule?
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Term
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Definition
A lease is a contract which provider for the tenant to get a right of possession for a period of time in exchange for rent payments made to the landowner. |
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Term
Rules to consider in interpreting arbitrary conveyances |
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Definition
Rules against restraints on alienation
Rule against new estates
Rules against forfeiture
Rule against perpetuities
Implementation of grantors intent |
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Term
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Definition
A previously approved use of property that lawfully existed prior to the enactment of a zoning ordinance and which maintains after the effective date of the zoning enactment may continue. |
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