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  • Property Freehold Estates Chart F2010

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    krzyreeesh
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    This document summarizes different types of freehold estates in land, including fee simple absolute, fee tail, and life estates. It also describes defeasible fee interests such as fees simple determinable, fees simple subject to condition subsequent, and fees simple subject to executory limitation. Each type of estate is defined by how it is created, whether it is subject to forfeiture, what future interests exist, and whether it can be transferred. The document concludes by distinguishing between vested, vested subject to open, and contingent remainders based on examples, descriptions, and conditions precedent.

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    This document summarizes different types of freehold estates in land, including fee simple absolute, fee tail, and life estates. It also describes defeasible fee interests such as fees simple determinable, fees simple subject to condition subsequent, and fees simple subject to executory limitation. Each type of estate is defined by how it is created, whether it is subject to forfeiture, what future interests exist, and whether it can be transferred. The document concludes by distinguishing between vested, vested subject to open, and contingent remainders based on examples, descriptions, and conditions precedent.

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    4K vizualizări1 pagină

    Property Freehold Estates Chart F2010

    Încărcat de

    krzyreeesh
    This document summarizes different types of freehold estates in land, including fee simple absolute, fee tail, and life estates. It also describes defeasible fee interests such as fees simple determinable, fees simple subject to condition subsequent, and fees simple subject to executory limitation. Each type of estate is defined by how it is created, whether it is subject to forfeiture, what future interests exist, and whether it can be transferred. The document concludes by distinguishing between vested, vested subject to open, and contingent remainders based on examples, descriptions, and conditions precedent.

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
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    din 1

    PROPERTY Professor Scafidi

    Fall 2010

    Freehold Estates
    Name Fee Simple Fee Tail Life Estate Defeasible Fee Interests
    (Absolute) Fee Simple Fee Simple Subject Fee Simple Subject
    Determinable to Condition to Executory
    Subsequent Limitation
    Creation O to A and her O to A and the O to A for life
    heirs (common heirs of her body O to A so long as, upon condition that…
    law) O to B for the life Temporal Conditional Passage to 3rd
    (obsolete in most of A (l.e. pur autre limitation limitation party (equitable)
    O to A (modern) states) vie)
    Forfeiture None Automatic upon Automatic upon Automatic upon NOT automatic Automatic upon
    failure of issue death of A failure of condition upon failure of failure of condition
    condition
    Future Interest None Reversion to O or Reversion to O or O retains O retains Right of 3rd party has
    Remainder* to 3rd Remainder* to 3rd Possibility of (Re)entry Executory Interest
    party party Reverter
    Transfer Free Individual life Alienable, but not Free Free Free
    interest is descendible or
    alienable, but not devisable
    descendible or
    devisable

    *
    Remainders
    Type Vested Vested Subject to Open Contingent
    Example O to A for life, then to B and her O to A for life, then to B’s children O to A for life, then to B’s
    heirs (assuming at least 1 at time of surviving children if B marries C
    conveyance)
    Description No conditions precedent other than No conditions precedent other than Subject to condition precedent,
    termination of previous estate and termination of previous estate & at owned by unascertained person, or
    remainderman ascertained least 1 remainderman ascertained both
    (though others may follow)

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