Property Flashcards
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1. A life tenant has the the life tenant receives a financial benefit from the property. When the life
obligation to pay or- tenant occupies the land, the financial benefit is measured by its fair rental
dinary taxes on the value.
real property, but
only to the extent
that
2. Due to the right automatically absorbed into the surviving joint tenants' interests.
of survivorship, a
joint tenant's inter-
est ceases to exist
upon his/her death
and is
3. A defeasible fee is but if"). If the stated condition occurs, then title will automatically pass to the
a fee simple estate future interest holder. If the future interest is held by a third party (as opposed
that may be termi- to the grantor), then the estate is called a fee simple subject to an executory
nated upon the oc- limitation.
currence of a stated
event or condition.
One type of defeasi-
ble fee is a fee sim-
ple subject to a con-
dition subsequent
(FSSCS), which is cre-
ated with condition-
al language such
as...
4. A fee simple sub- title automatically passes to a third party who holds a future, executory interest.
ject to an execu-
, Property Flashcards
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tory interest is a
present estate lim-
ited by durational
or conditional lan-
guage. Upon the
occurrence of the
specified event or
condition...
5. A right of first re- valid and enforceable by an injunction. This right is generally reasonable if the
fusal is a partial re- holder of the right can purchase the property under the same terms offered
straint on alienation to another party.
that, if reasonable, is
6. Assignment is a jointly and severally liable for the landlord's entire harm arising from a breach
transfer of a ten- of the lease.
ant's entire inter-
est to a third par-
ty (assignee) for the
remainder of the
lease term. The ten-
ant (through privity
of contract) and the
assignee (through
privity of estate) are
7. Unless required by nonexistent in terms of taking steps to recover possession of the property
statute, a landlord's
, Property Flashcards
Study online at https://quizlet.com/_f895wj
notice obligation to
a tenant at suffer-
ance is
8. Exclusive posses- AP cannot exist if there is merely shared possession with the actual owner
sion is required un-
der adverse posses-
sion because
9. In a race-notice ju- purchaser who lacks notice of an earlier property interest (BFP) and records
risdiction, a first will prevail
10. nder the Shelter is entitled to the same protection under the recording act as the BFP even if
Rule, a person who they themselves have notice
receives a property
interest from a BFP
11. Under the doctrine a grantor who conveys an interest in land by warranty deed before owning it is
of estoppel by deed estopped from later denying the effectiveness of that deed. And the grantor's
after-acquired title automatically transfers to the prior grantee.
12. An equitable servi- promise to do or not do something on land that is enforceable at equity by
tude is a injunction.
Study online at https://quizlet.com/_f895wj
1. A life tenant has the the life tenant receives a financial benefit from the property. When the life
obligation to pay or- tenant occupies the land, the financial benefit is measured by its fair rental
dinary taxes on the value.
real property, but
only to the extent
that
2. Due to the right automatically absorbed into the surviving joint tenants' interests.
of survivorship, a
joint tenant's inter-
est ceases to exist
upon his/her death
and is
3. A defeasible fee is but if"). If the stated condition occurs, then title will automatically pass to the
a fee simple estate future interest holder. If the future interest is held by a third party (as opposed
that may be termi- to the grantor), then the estate is called a fee simple subject to an executory
nated upon the oc- limitation.
currence of a stated
event or condition.
One type of defeasi-
ble fee is a fee sim-
ple subject to a con-
dition subsequent
(FSSCS), which is cre-
ated with condition-
al language such
as...
4. A fee simple sub- title automatically passes to a third party who holds a future, executory interest.
ject to an execu-
, Property Flashcards
Study online at https://quizlet.com/_f895wj
tory interest is a
present estate lim-
ited by durational
or conditional lan-
guage. Upon the
occurrence of the
specified event or
condition...
5. A right of first re- valid and enforceable by an injunction. This right is generally reasonable if the
fusal is a partial re- holder of the right can purchase the property under the same terms offered
straint on alienation to another party.
that, if reasonable, is
6. Assignment is a jointly and severally liable for the landlord's entire harm arising from a breach
transfer of a ten- of the lease.
ant's entire inter-
est to a third par-
ty (assignee) for the
remainder of the
lease term. The ten-
ant (through privity
of contract) and the
assignee (through
privity of estate) are
7. Unless required by nonexistent in terms of taking steps to recover possession of the property
statute, a landlord's
, Property Flashcards
Study online at https://quizlet.com/_f895wj
notice obligation to
a tenant at suffer-
ance is
8. Exclusive posses- AP cannot exist if there is merely shared possession with the actual owner
sion is required un-
der adverse posses-
sion because
9. In a race-notice ju- purchaser who lacks notice of an earlier property interest (BFP) and records
risdiction, a first will prevail
10. nder the Shelter is entitled to the same protection under the recording act as the BFP even if
Rule, a person who they themselves have notice
receives a property
interest from a BFP
11. Under the doctrine a grantor who conveys an interest in land by warranty deed before owning it is
of estoppel by deed estopped from later denying the effectiveness of that deed. And the grantor's
after-acquired title automatically transfers to the prior grantee.
12. An equitable servi- promise to do or not do something on land that is enforceable at equity by
tude is a injunction.
