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Ownership in Real Property - Coggle Diagram
Ownership in Real Property
Present Estates
Freehold Estate
Fee Simple Absolute: "to A & his heirs"
Defeasible Estates
FS Determinable: "to A & his heirs so long as premises are used for education"
FSSCS: "To A & his heirs, but it the premise is not used for education, then O has right to re-enter & terminate A's estate"
FSSEI: "to A for so long as premises are used for education, but if not, then to B"
Fee Tail
Fee Tail General, Male/Female, Special
*Unclear Grants
Life Estate: "to A for life"
Duty to repair, mortgages, taxes, special assessments
Non-Freehold Estate
Leasehold Estate: limited in duration "to A for term of 10yrs"
Future Interests
Executory Interest
Shifting: "to A, but if liquor served on premises, then to B & his heirs"
Springing: "to A for life, remainder to B & her heirs 1 mo after A's death"
Remainders
Vested: "to A for life, remainder to B & his heirs"
Contingent: "to A for life, remainder to A's widow & her heirs"
Subject to Open: to A for life, remainder to A's children
Subject to Total Divestment: "to A for life, remainder for B so long as premises are used for edu purposes"
Reversion
Special Rules
Shelley's Case
Doctrine of Worthier Title
Rule of Convenience
Waste
Cotenancy
Landlord Tenant
Special Problems