This document outlines different types of property interests including fee simple estates and life estates. It lists the present interest, words used to create the interest at common law, the duration of the interest, and any future interests that may follow including interests that revert back to the grantor or transfer to other parties. There are descriptions provided for fee simple absolute, fee simple determinable, fee simple on condition subsequent, fee simple subject to an executory interest, fee tail/fee simple conditional, and different types of life estates.
This document outlines different types of property interests including fee simple estates and life estates. It lists the present interest, words used to create the interest at common law, the duration of the interest, and any future interests that may follow including interests that revert back to the grantor or transfer to other parties. There are descriptions provided for fee simple absolute, fee simple determinable, fee simple on condition subsequent, fee simple subject to an executory interest, fee tail/fee simple conditional, and different types of life estates.
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This document outlines different types of property interests including fee simple estates and life estates. It lists the present interest, words used to create the interest at common law, the duration of the interest, and any future interests that may follow including interests that revert back to the grantor or transfer to other parties. There are descriptions provided for fee simple absolute, fee simple determinable, fee simple on condition subsequent, fee simple subject to an executory interest, fee tail/fee simple conditional, and different types of life estates.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
Present Interest Words to Create Duration Future Interest in Future Interest in
at Common Law Grantor Grantee Fee Simple “and his heirs” Forever None None Absolute Fee Simple “so long as” As long as Possibility of Shifting Executory Determinable “while” condition is met, Reverter Interest “during” then “until” automatically to grantor. Fee Simple on “provided that” Until happening Right of Entry for Shifting Executory Condition “on condition of named event condition broken Interest Subsequent that” and reentry by “but if” grantor Fee Simple Subject To A for life, but Until the event Right of Entry Executory Interest to an Executory if…, to B. happens Interest To A for so long as As long as the Right of Entry Executory Interest …and if not…, to condition is met B then to a third party Fee Tail / Fee “and the heirs of Until A and his Reversion Remainder Simple his body” line die out Conditional Life Estate “To A for life” or Until the end of Reversion None “To A for the life life of B” “To A for life, then Until end of A’s None Remainder B” life then to B forever To A for life, but Until the end of Reversion Executory Interest if…, to B. A’s life or the happening of the named event