Present Interests Flashcards
Fee simple absolute
“To A and A’s heirs”
No strings attached, no future interest at all
Goes on forever
Fee tail
Keep the property in the bloodline
“To the heirs of A’s body”
Defeasible Fee
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
Fee simple determinable
“so long as”
If the grantee fails to meet the conditions, it goes back to the O
Fee simple subject to a condition subsequent
Durational language that sets out that the devisee can come back in and take (right of re-entry)
Not an automatic end
Fee simple subject to executory limitation
O to A, if…….., then to B
Future interest in a third party if the condition is violated