PMBR Property
1. X==> Y and his heirs : Fee simple under CL
Fee simple detrminable:
-As long as
-while
-during
-until
+
"liquor not sold in property" = fee simple detrminable
==> automatic reverts to grantor
Fee Simple sbject to subsequent cdition:
-but if grantor has option to reenter:
- ejectment action OR
- suit to quiet title
==> C
2. ==> C
RAP applies:
1. contingent remainder
2. executive interest
3. option to purchase land infuture
4. power of appointment
3-5.
Life Estate
life tenant can do during the lifetime:
-easement creation
-mortgage
-lease
-lien
-convey
autre vie : other's life estate
4. trust is fiduciary relationship concerning specufic property
Trustee adheres to the terms of trust agreement which requires parties w/ vested interest to approve.
5. Life tenant cannot encumber a greater than what he actually owns.
Mortgage extending to the life of tenant will not affect remainderment
6. restraint @ alienation
Any restrain on alienation of fee simple is unenforceble
7. RAP - Rule against Perpetuties
No interest is valid unless it vests w/i 21 yrs after a life in being from the time interest created.
- contingent remainder
- executive interest
- option to purchase land in future
- power of appointment
- vested remainder subject to open
RAP not apply b/c Garp is "life in being" and only binds Ber's heirs not Garp's heirs
8. 3 concurrent ownerships
1. tenancy by entirety ( 1 spouse cannot sever)
2. Tenancy in common
3. Joint tenancy
h ==> 1/2 TIC ==> C
9. Joint Tenancy Termination
1. Death
2. conveyance Intr vivo ( JT ==> TIC)
3. Final petition Decree
4. In title theory: mort taken out by 1 tenant.
JT is destroyed to the extent of conveyance interest
A: 30% conveyed interest
Title Theory Jurisdiction
mort taken out by 1 spouse will sever JT b/c it severs the unty of title and the unity of interest
11. Filing partition not sever JT
12. Equity ct has power to partition land
RAP not apply to partition
13-22 NON-Possessory in land
1.license
2.profit
3. easement
4. covenant runs w/ land
5. Equitable servitude
License: rt to enter the land od another w/o being required as a trespassor.
-revocable at option of licensor unless copled w/ interest in land
-ticket can be revoked & rejectedfrom licensor
==> C
14. Lodging K not Landlord relation; it is licensor-licensee relation
3 nite ; checout after 2 nites ==> pay 2 nites b/c NO landlord relation
15. Easement: rt of person enter land of another and makes limited use of pprty such as egress or ingress.
==> SOF applicable unless:
-prescribed easement
-by implication
2 types: Appurtinent and In gross
Appurtinent runs w/ the land
In gross still burdened when transfered
16. A by elimination B: express; C: express; D; element of prescribed
Easement Termination
-merger
-written release
-abandonment
-condemnation
-destruction of servient tenement
Mere non-use ==> NO termination of easement
17. Easement termination by merger
- Dominant estate acquires servient estate or vice versa ==> distinguish easement
18. Easement by implication : landlock buyer has easement by implication from subdivider's land
19. Fee simple "as long as" ==> determinable
==> automatic reversion to grantor
==> C
20. Neg easement for heir life has been repudiated in all jurisdictions
21. Remedies
-money damage ==> covenant runs w/ land
Enjoin nonconforming use ==> equitable servitude or implied recipocal servitude
22. A
23. falling behind , read call of question of long K/Property and choose correct rule of law/hornbook answer
23. land restriction can be enforced @ buyer even not restricted in the deed
==> C
24-28
Landlord -Tenant
Sublease transfers the term of less than original term
-fails to pay rent, sub tenant ==> NOT liable
b/c no privity of K/estate
Assignment:
when tenant transfers possession entire term or remaining term of lease
- If assignee fails to pay rent, assignee primarily liable; assignor is secondarily liable
25. 5months
1000/month
26. A sublease
27. English CL Landlord dels possession of lease pprty at inception of lease
Old America View _ LLord does not have dty to del possession at inception of the lease
ANglo Saxon ==> English CL
==> C
28. CL
29. Fixture
chattel has been annexed to the prperty
-Residential:
1. intent of tenant
2. Nature
3. Mode
4. Damage
-Commercial fixture doctrine
1. removable b/f lease expiration
2. rsnble time after expiration unless
3. accession where chattel structurally attached to bldg
30. Every landowner has rt to lateral and subjacent support in its natural cdition. If artificial cdition ==> neg rqd for liability
==> B
31. tobacco crop: pers pprty
32. Riparian Water Rt
land that abutt a lake,river, stream
-farmer cannot divert water for agriculture use as he diminishs another 's normal domestic use down stream
Under prior appropriation doctrine farmer can
33. Adverse possewssion
1. adverse
2. open
3. continuous
4. for a statutory period
last 2 yrs lease ==> NOT adverse
possession b/c lease is permissible
34-35 Conveyancing
SOF MYLEGS
Land Sale K
D
35
Sub Pfmc exception to SOF: pays part/all purchase price and take possession or makes viable improvement
36 C
17. VAlid Conveyance
must have del of the deed
Intent of grantor - Daisy intended even not received ==> val conveyance
==> B
38. Val deed must adequately describe the land being conveyed
-must diagram the facts
zoning violation: title defect
land use restrict : no title defect
42. clear title at closure ==> clear title to buyer
==> D
44. 3 Recordings:
-pure race ( 1st in time)
-pure notice (ptect BFP w/o notice)
-race notice combines PR/PN: BFP record 1st prevails
Equity Conversion
Vendor --------->K Vendee
executory state; escrow period ==> vendee has equitable title ==> ROL on vendee
39. ==> D
40. Vendee has Appreciation during executory state b/c ROL is passed to vendee then benfit should shift to purchaser as well
41. vendor must render marketable title
43. land use restriction does not render unmarketable title
44. other did not record, BFP prevails most of the time
in pure notice jurisd
45. forged instrument has no legal effect
46. -50.
puchase money takes priority over all mortgages have been executed over previously recorded
47. ==> B Intended 3P
48. Deed sate "assume" ==> pers liable
- Deed states land is subject to mortgage or make no ref to mortgage==> buyer not personally liable
EXONERATION
-Buyer assume and primarily liable for debt. If short at forclosure, lender can sue original mortgagor b/c he acts as a surity
==> C
50.
senior encumberancer(1st) and junior encumberancer(2nd)if dfault 1st in forclosure action must join 2nd as a party. If 2nd not joined , rt to redeem is not eliminated
==> C
Fee simple detrminable:
-As long as
-while
-during
-until
+
"liquor not sold in property" = fee simple detrminable
==> automatic reverts to grantor
Fee Simple sbject to subsequent cdition:
-but if
- ejectment action OR
- suit to quiet title
==> C
2. ==> C
RAP applies:
1. contingent remainder
2. executive interest
3. option to purchase land infuture
4. power of appointment
3-5.
Life Estate
life tenant can do during the lifetime:
-easement creation
-mortgage
-lease
-lien
-convey
autre vie : other's life estate
4. trust is fiduciary relationship concerning specufic property
Trustee adheres to the terms of trust agreement which requires parties w/ vested interest to approve.
5. Life tenant cannot encumber a greater than what he actually owns.
Mortgage extending to the life of tenant will not affect remainderment
6. restraint @ alienation
Any restrain on alienation of fee simple is unenforceble
7. RAP - Rule against Perpetuties
No interest is valid unless it vests w/i 21 yrs after a life in being from the time interest created.
- contingent remainder
- executive interest
- option to purchase land in future
- power of appointment
- vested remainder subject to open
RAP not apply b/c Garp is "life in being" and only binds Ber's heirs not Garp's heirs
8. 3 concurrent ownerships
1. tenancy by entirety ( 1 spouse cannot sever)
2. Tenancy in common
3. Joint tenancy
h ==> 1/2 TIC ==> C
9. Joint Tenancy Termination
1. Death
2. conveyance Intr vivo ( JT ==> TIC)
3. Final petition Decree
4. In title theory: mort taken out by 1 tenant.
JT is destroyed to the extent of conveyance interest
A: 30% conveyed interest
Title Theory Jurisdiction
mort taken out by 1 spouse will sever JT b/c it severs the unty of title and the unity of interest
11. Filing partition not sever JT
12. Equity ct has power to partition land
RAP not apply to partition
13-22 NON-Possessory in land
1.license
2.profit
3. easement
4. covenant runs w/ land
5. Equitable servitude
License: rt to enter the land od another w/o being required as a trespassor.
-revocable at option of licensor unless copled w/ interest in land
-ticket can be revoked & rejectedfrom licensor
==> C
14. Lodging K not Landlord relation; it is licensor-licensee relation
3 nite ; checout after 2 nites ==> pay 2 nites b/c NO landlord relation
15. Easement: rt of person enter land of another and makes limited use of pprty such as egress or ingress.
==> SOF applicable unless:
-prescribed easement
-by implication
2 types: Appurtinent and In gross
Appurtinent runs w/ the land
In gross still burdened when transfered
16. A by elimination B: express; C: express; D; element of prescribed
Easement Termination
-merger
-written release
-abandonment
-condemnation
-destruction of servient tenement
Mere non-use ==> NO termination of easement
17. Easement termination by merger
- Dominant estate acquires servient estate or vice versa ==> distinguish easement
18. Easement by implication : landlock buyer has easement by implication from subdivider's land
19. Fee simple "as long as" ==> determinable
==> automatic reversion to grantor
==> C
20. Neg easement for heir life has been repudiated in all jurisdictions
21. Remedies
-money damage ==> covenant runs w/ land
Enjoin nonconforming use ==> equitable servitude or implied recipocal servitude
22. A
23. falling behind , read call of question of long K/Property and choose correct rule of law/hornbook answer
23. land restriction can be enforced @ buyer even not restricted in the deed
==> C
24-28
Landlord -Tenant
Sublease transfers the term of less than original term
-fails to pay rent, sub tenant ==> NOT liable
b/c no privity of K/estate
Assignment:
when tenant transfers possession entire term or remaining term of lease
- If assignee fails to pay rent, assignee primarily liable; assignor is secondarily liable
25. 5months
1000/month
26. A sublease
27. English CL Landlord dels possession of lease pprty at inception of lease
Old America View _ LLord does not have dty to del possession at inception of the lease
ANglo Saxon ==> English CL
==> C
28. CL
29. Fixture
chattel has been annexed to the prperty
-Residential:
1. intent of tenant
2. Nature
3. Mode
4. Damage
-Commercial fixture doctrine
1. removable b/f lease expiration
2. rsnble time after expiration unless
3. accession where chattel structurally attached to bldg
30. Every landowner has rt to lateral and subjacent support in its natural cdition. If artificial cdition ==> neg rqd for liability
==> B
31. tobacco crop: pers pprty
32. Riparian Water Rt
land that abutt a lake,river, stream
-farmer cannot divert water for agriculture use as he diminishs another 's normal domestic use down stream
Under prior appropriation doctrine farmer can
33. Adverse possewssion
1. adverse
2. open
3. continuous
4. for a statutory period
last 2 yrs lease ==> NOT adverse
possession b/c lease is permissible
34-35 Conveyancing
SOF MYLEGS
Land Sale K
D
35
Sub Pfmc exception to SOF: pays part/all purchase price and take possession or makes viable improvement
36 C
17. VAlid Conveyance
must have del of the deed
Intent of grantor - Daisy intended even not received ==> val conveyance
==> B
38. Val deed must adequately describe the land being conveyed
-must diagram the facts
zoning violation: title defect
land use restrict : no title defect
42. clear title at closure ==> clear title to buyer
==> D
44. 3 Recordings:
-pure race ( 1st in time)
-pure notice (ptect BFP w/o notice)
-race notice combines PR/PN: BFP record 1st prevails
Equity Conversion
Vendor --------->K Vendee
executory state; escrow period ==> vendee has equitable title ==> ROL on vendee
39. ==> D
40. Vendee has Appreciation during executory state b/c ROL is passed to vendee then benfit should shift to purchaser as well
41. vendor must render marketable title
43. land use restriction does not render unmarketable title
44. other did not record, BFP prevails most of the time
in pure notice jurisd
45. forged instrument has no legal effect
46. -50.
puchase money takes priority over all mortgages have been executed over previously recorded
47. ==> B Intended 3P
48. Deed sate "assume" ==> pers liable
- Deed states land is subject to mortgage or make no ref to mortgage==> buyer not personally liable
EXONERATION
-Buyer assume and primarily liable for debt. If short at forclosure, lender can sue original mortgagor b/c he acts as a surity
==> C
50.
senior encumberancer(1st) and junior encumberancer(2nd)if dfault 1st in forclosure action must join 2nd as a party. If 2nd not joined , rt to redeem is not eliminated
==> C
