Present Interests Flashcards

1
Q

Fee simple absolute

A

“To A and A’s heirs”

No strings attached, no future interest at all

Goes on forever

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2
Q

Fee tail

A

Keep the property in the bloodline

“To the heirs of A’s body”

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3
Q

Defeasible Fee

A

Fee that can last forever, put can come to an end if something happens in the future

Fee simple determinable, Fee simple subject to condition subsequent, Fee simple subject to executory limition

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4
Q

Fee simple determinable

A

“so long as”

If the grantee fails to meet the conditions, it goes back to the O

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5
Q

Fee simple subject to a condition subsequent

A

Durational language that sets out that the devisee can come back in and take (right of re-entry)

Not an automatic end

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6
Q

Fee simple subject to executory limitation

A

O to A, if…….., then to B

Future interest in a third party if the condition is violated

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