Property Interest Flow Charts

Jul 31st, 2016
Studypool Tutor
University of San Francisco
Price: $20 USD

Tutor description

Three seperate flow charts, showing 1) present/future estate interests, 2) easement types/creation and 3) privity requirements.

Word Count: 548
Showing Page: 1/3
If ambiguous, ruleof constructionfavors Fee SimpleFee Simple:ESTATESAbsoluteabsolute, now andforever, heritable,divisible, alienableLife estate:PossessoryInterest?Absolute, for theduration of a life.Alienable by gift or salebut not willDefeasibleFS or LE Determinable:Interest ends automatically uponoccurrence of a named event. Language ofduration as long as, while, until. so long asFS or LE Subject to ConditionSubsequent:Grantor holdsfuture interest?May be terminated upon a certaincondition. Conditional language but if, onIfambiguous,rule ofconstruction favors,conditionsubsequentthe condition that, provided thatTransferee holdsfuture interest?Separate eachinterest in grantFS or LE subject to ExecutoryLimitations:Automatically transfers to a 3d party uponhappening of stated condition. Are all

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