Property MBE Flashcards
(203 cards)
What happens if there is a covenant on the land, but an adverse possessor lives on the land for the statutory period in violation of the covenant?
The covenant has been terminated, the adverse possessor takes title free of the covenant.
When does a servient parcel take subject to the burden of an easement?
Will take subject to it unless a BFP. The 3 ways the purchaser may have notice: (1) actual knowledge, (2) inquiry notice: visible appearance of the easement or (3) record notice
When does the statute of limitations begin to run against the holder of a right of entry?
Not until holder of the right of entry asserts the right.
When is a negative servitude abandoned?
When a benefited party (person who could enforce the servitude) acquiesces in a violation.
Does the rule of perpetuities apply to options to purchase? To leaseholds?
Options to purchase: RAP applies
Leaseholds: RAP does NOT apply
What if a person does not own land, and conveys a deed, and then later he obtains the land?
Doctrine of Estoppel by Deed: The subsequent acquisition of title to the property vests in the grantee (the original person who bought the land)
When is delivery of a deed presumed?
(1) Handed to the grantee OR (2) acknowledged by the grantor before a notary and recorded
Once delivered, what effect does destroying the deed or returning it have?
No effect. Title passed with delivery.
How much notice to terminate is required for a periodic month to month tenancy?
One month
How much notice to terminate is required for a year to year tenancy?
At least 6 months
If there are rent payments, but no specific agreement as to length of the rent term, what type of tenancy is it?
Regular rent payments = periodic tenancy
Can a remainderman sue a life tenant for waste?
Yes. A life tenant has a duty to preserve the land and the structures in a reasonable state of repair.
What if the life tenant added a new improvement to the property and doesn’t keep it up? Can the remainderman sue?
No. No waste.
When will a voidable deed be set aside?
Only if the property has NOT passed to a BFP.
Transferability of future interests: when can the interests be reached by creditors?
If the future interest can be transferred voluntarily, it can be reached by creditors (involuntary transfer)
Are contingent remainders transferable inter vivos?
Not at common law.
What is a profit?
Right to remove soil or products of the soil from the land
What is an easement?
Right to USE the servient land
What is a Profit appurtenant?
When the profit exists to serve a dominant estate.
What is a Profit in gross?
Profit does not exist to serve a dominant estate.
Can a profit in gross be transferred separate and apart from the dominant estate?
Yes
Can a profit appurtenant be transferred separate and apart from the dominant estate?
No. Can only be transferred along with the dominant estate.
Can a license be transferred?
No. It is personal to the licensee.
Can you restrict the transferability of a life estate?
Yes.