CHART FUTURE INTERESTS

FUTURE INTEREST Reversion Future interest that arises in O, who transfers less than he has other than a defeasible fee Interest left in owner when s!he "onve#s lesser estate It $a# or $a# not be "ertain to be"o$e %ossessor# -ossibilit# of Reverter .So( for A- be*ins to run when the %ro%ert# should *o ba"/ to *rantor0 EXAMPLE &To A for life' CORRELATIVE PRESET INTEREST(S) Fee Tail, (ife Estate, Ter$ of )ears SUBJECT TO RAP No Rights of Gra to r Estate auto$at i"all# reverts to *rantor on the life tenant+s death Auto$at i"all# reverts u%on the ha%%eni n* of "onditio n 2oes NOT revert auto$at i"all# 5rantor $ust e6er"ise re7entr# ri*hts ALIENABILI T!

Transferable , des"endible and devisable, rea"hable b# "reditors

IN GRANTOR

To A so lon* as li1uor is not sold on the %re$ises

Fee Si$%le 2eter$inable

No

Transferable , des"endible, devisable

Ri*ht of Entr# .So( for A- be*ins when the ri*ht of entr# "an be utili3ed0

To A, but if li1uor is sold on the %re$ises, O has the ri*ht to reenter

Fee Si$%le Sub4e"t to Condition Subse1uent

No

2es"endible and devisable, but so$e "ts hold not transferable inter vivos

IN GRANTEE

Indefeasibl# 8ested Re$ainder 8ested Re$ainder Sub4e"t to O%en

To A for life, then to 9 To A for life, then to A+s "hildren .A had a "hild, :

Fee Tail, (ife Estate, Ter$ of )ears Fee Tail, (ife Estate, Ter$ of )ears

No )es As lon* as the "lass re$ains o%en No

8ested Re$ainder Sub4e"t to 2ivest$ent

To A for life, then to 9, but if 9 %rede"eases A, to C .9 has a vested re$ainder sub4e"t to

Fee Tail, (ife Estate, Ter$ of )ears

Contin*ent Re$ainder S%rin*in* E6e"utor# Interest Shiftin* E6e"utor# Interest

divest$ent 0 TO A for life, then to A+s survivin* "hildren To A wen she %asses the bar e6a$ To A for life, then to 9, but if 9 %rede"eases A, to C .C has a shiftin* e6e"utor interest 0

Fee Tail, (ife Estate, Ter$ of )ears Fee Si$%le, Fee Tail, (ife Estate, Ter$ of )ears Fee Si$%le, Fee Tail, (ife Estate, Ter$ of )ears

)es )es )es

C"ART # ASSIGNMENTS $ SUBLEASES

Assig %& t '( La )*or) Assig %& t '( T& a t T; transfers entire leasehold to T<, reserves no rev int S+'*&as& '( T& a t T; transfers less than entire leasehold to T< or reserves reversionar# interest

For$alisti"= loo/ to what was a"tuall# "onve#ed, If relationshi% a%%ears to indi"ate a "ontinuin* relationshi% between ( and T;, "ourts are li/el# to "onsider it a sublease Co s& t Tenant+s "onsent not re1uired (andlord+s "onsent $a# be re1uired b# lease (andlord+s "onsent $a# be re1uired b# lease ( has ri*ht to ter$inate ori*inal lease with T; if rent not %aid, so T< be"o$es a tres%asser and he "an brin* an e4e"t$ent a"tion Sublessee and landlord are not in %rivit# of estate Ori*inal tenant re$ains in %rivit# of estate with landlord

Pri,it( of Estat&

Assi*nee and tenant are in %rivit# of estate

Assi*nee and (( are in %rivit# of estate (( and T< liable to ea"h other for all "ovenants that run with the land -+%.i g/ T in %ossession /nowin*l# assi*ns to a deadbeat to ter$inate -oE

Pri,it( of Co tra0t

Assi*nee and tenant are not in %rivit# of "ontra"t Ori*inal landlord and tenant re$ain in %rivit# of "ontra"t Assi*nee liable to tenant on all "ovenants that run with the land be"ause of %rivit# of estate Ori*inal landlord re$ains liable to ori*inal tenant on all "ovenants in the lease be"ause of %rivit# of "ontra"t

Assi*nee and landlord are not in %rivit# of "ontra"t No liabilit# to %a# rent or insure %re$ises Origi a* t& a t and landlord re$ain in %rivit# of "ontra"t Assi*nee liable to landlord on all "ovenants that run with the land be"ause of %rivit# of estate Ori*inal tenant re$ains liable for rent and a** other "ovenants in the lease be"ause of %rivit# of "ontra"t

Sublessee and landlord are not in %rivit# of "ontra"t Ori*inal tenant re$ains in %rivit# of "ontra"t with landlord Unless T< e6%ressl# assu$es >, then -rivit# of > Sublessee is not %ersonall# liable on an# "ovenants in the ori*inal lease and "annot enfor"e the landlord+s "ovenants Ori*inal tenant re$ains liable for rent all other "ovenants in teh lease and "an enfor"e the landlord+s "ovenants

Lia'i*it( for Co,& a ts i

L&as&