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Real Property - Coggle Diagram
Real Property
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Covenant
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Termination
- Written release or 2. Merger of the benefitted and burdened estates or 3. Condemnation of the burdened property.
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Remainders
Once you determine what the present possessory interest is, it is followed by a remainder you must determine what kind.
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Vested Subject To Open
Remainder vested in a described class of takers, at least one of whom is capable of taking possession i.e. "to A for life, remainder to children of B and their heirs"
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Indefeasibly vested
Becomes possessory immediately upon termination of the prior estate. "to A for life, then to B"
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Easements
A non-revocable right to use the land of another. Does not own the land only has the right to use the land.
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Easement in Gross
Servient estate but no dominant estate. The right to use the land is held independent of any land ownership.
Affirmative Easement
Allows the holder of the easement to use the servient estate. Affirmative easements can be created in many ways.
Negative Easement
Prevent the owner of the servient estate from using the property in a certain way. Typically negative easements preserve the dominant estate's access to light, air, land, support.
Express Easement
Created: 1. in a writing 2. Signed by the servient estate holder
- Satisfies deed formalities
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By Reservation = when the grantor conveys land to another but reserves or retains the right to continued use of the land for a designated purpose. Grantor can only designate an easement for themselves.
Easement by Prescription
To obtain this, the use of another's land must be: 1. Continous for the statutory period 2. Open and notorious 3. Actual 4. Hostile 5. Does not need to be exclusive.
Easement by Prior Use
Based on prior use by a common grantor on land subsequently divided into multiple plots by the common grantor. Requires: 1. Common grantor must have a certain use of the land that exists prior to the division of the single tract 2. common grantor's use of the land is continuous and apparent. 3. Use is reasonably necessary for the enjoyment of the dominant estate. 4. Parties intended that the use would continue after the divison of the land.
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