Barbri Real Property - Colin.pdf

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1、!BarbriRealProperty1.Thepresentestatesa.Thefeesimpleabsoluteb.Thefeetailc.Thedefeasiblefees
Prohibitionagainstabsoluterestrictiononalienationi.Feesimpledeterminableii.Feesimplesubjecttoconditionsubsequent(clearlystatesrightofentry)iii.Feesimplesubjecttoanexecutorylimitationd.Lifee

2、state2.Futureinterestsa.Futureinterestofthegrantori.Thepossibilityofreverter!feesimpledeterminableii.Therightofentry(thepoweroftermination)!feesimplesubjecttoconditionsubsequentiii.Reversionb.Futureinterestoftransferee
Ruleagainstperpetuitiesi.Contingentremainderii.Vestedremainder

3、1.Indefeasiblyvestedremainder2.Vestedremaindersubjecttocompletedefeasance(“totaldivestment”)3.Vestedremaindersubjecttoopeniii.Executoryinterest1.Shiftingexecutoryinterest2.SpringingexecutoryinterestTransferability:(1)devisable[passbywill];(2)descendible[passwithoutawill];(3)alienab

4、le[transferableintervivo].“Freehold”:basicallymeansownershipinterestinrealestate.!!ThePresentPossessoryEstate:giveholdertherighttopresentpossessionEstateLanguageFutureInterestTransferNote:restrictionFeeSimpleAbsolute“ToA(andhisheirs)”Nofutureinterest.N/AFeeTail“ToAandtheheirsofhisO

5、hasreversion(ifnotPassestoA’s*Abolishedinmostjurisdiction,body.”possessedbyA’sbloodline)linealinterpretedasFSAdescendants.DefeasibleFeesimpledeterminable“ToA,solongasOhaspossibilityofreverter(ifTransfersubjectFees{1}([NY]Feeonlimitation)[condition]”conditionbroken)!toconditionautom

6、aticforfeitureFeesimpleFeeSimplesubjectto“ToA,butif[condition],OOhasrightofentry/thepowerTransfersubjectDifferencefromFSD:Ow/conditionsubsequentreservestherighttooftermination([NY]therighttoconditionhasanoptiontoterminate,condition([NY]Feeoncondition)reenter.”ofre-acquisition)(ifco

7、nditionratherthanautomatic(notmere*“Rightofreentry”mustbemet)!forfeitureoptionalattermination.hope!expresslystated!O’selectione.g.“forXFeesimplesubjecttoan“ToA,butif[condition],Bhasan[shifting]executoryTransfersubjectDifferencefromFSD:Dpurpose”)executorlimitationthentoB.”interest(i

8、fconditionismet).toconditi