The document discusses different types of property interests including adverse possession, estates in land like fee simple and life estates, future interests like remainders and reversions, concurrent estates like tenancy in common, non-possessory interests like licenses and easements, and issues regarding changing uses of land and abandoning interests.
The document discusses different types of property interests including adverse possession, estates in land like fee simple and life estates, future interests like remainders and reversions, concurrent estates like tenancy in common, non-possessory interests like licenses and easements, and issues regarding changing uses of land and abandoning interests.
The document discusses different types of property interests including adverse possession, estates in land like fee simple and life estates, future interests like remainders and reversions, concurrent estates like tenancy in common, non-possessory interests like licenses and easements, and issues regarding changing uses of land and abandoning interests.
The document discusses different types of property interests including adverse possession, estates in land like fee simple and life estates, future interests like remainders and reversions, concurrent estates like tenancy in common, non-possessory interests like licenses and easements, and issues regarding changing uses of land and abandoning interests.
I. Possessory Interests A. Adverse Possession- Basically legally stealing land by occupying it for a fixed length of time. 1. Adverse possessors must: Act like an owner. Maintain a degree of hostility, exclusivity, and continuity in relation to the land they are possessing. Use the land in a manner consistent with an ideal owner. 2. Tacking- Adding occupant times together to achieve continuity for statute of limitations. 3. Cannot adversely posses against Federal or State Government.
B. Estates In Land 1. Fee Simple Absolute- Highest possible form of ownership. 2. Fee Simple Determinable- Has limitation based on time element. Example: O to A until (time element) war is over (limitation). Grantor (O) retains a Possibility of Reverter. 3. Fee Simple Subject to Condition Subsequent- Has limitation based on condition element. Example: O to A, but (condition element) if war ends (limitation), O may re-enter. Grantor (O) retains a Right of Re-entry. 4. Fee Simple Conditional/ Fee Tail- O to A and heirs of his body; property stays within bloodline. 5. Other Estates: Grantor always has a reversion Life Estate- Estate with natural expiration at death of grantee. Example: O to A for life. Estate for years- Lease for a fixed time, then over; duration is beyond the control of the parties once begun. Periodic Tenancy- Estate from period to period (year, month, week); continually renewing until stopped by 1 full periods notice. Estate at Will- No fixed time period, no notice requireds; ends at the will of either party. Estate at Sufferance- cannot be created, happens at the end of another tenancy when occupant stays past the ends of the tenancy. Occupant cannot adversely posses.
C. Future Interests 1. Reversion- Only created in the grantor; automatically occurs at the end of a life estate of estate for years. 2. Possibility of Reverter- Only created in the grantor; automatically occurs upon the fulfillment of the condition in a Fee Simple Determinable. Transferrable in 3 ways: - Alienable: transfer or sell it while still alive. - Devisable: left to someone in will. - Descendable: left to heir (as defined by the state) if no will exists. 3. Right of Re-entry/ Power of Termination- Only created in the grantor; goes into effect upon fulfillment of the condition in a Fee Simple Subject to Condition Subsequent. Grantor may or may not decide to exercise right/power; not automatic. Only descendably transferred. Property I-Bross 2 4. Remainders- created in a third party. MUST: Take effect immediately, Upon the natural expiration, Of a prior particular estate, Created in the same instrument. If it is subject to a condition precedent other than the termination of the prior estate, or if the grantees are unborn/unascertainable it is a contingent remainder, if not, it is a vested remainder. - Vested Subject to Complete Divestment: Party will take, but may lose possession if a condition occurs (subject to condition subsequent). - Vested Subject to Open: Taking class is started (someone exists) but not yet completely determined. 5. Executory Interest- Occurs if any of the conditions for remainders fail.
D. Future Interests Doctrines 1. Rule in Shellys Case: O to A for life, then to the heirs of A becomes: O to A for life, then to A 2. Rule of Merger: O to A for life, then to A becomes: O to A (A has Fee Simple Absolute) 3. Destructibility Rule (Obsolete): O to A for life, then to heirs of B. If A dies before B, estate reverts to O and remainder in Bs heirs is destroyed. Living person, B, has no heirs, so seisin is interrupted. 4. Rule Against Perpetuities: Any remainder must vest within a life in being plus 21 years. Only applies to Contingent Remainders and Executory interests. Future Interests created in the grantor are considered vested for purposes of RAP. RAP Reforms: - Wait and See: wait and see how events play out, see if estate vests. - Cy Pres: courts try to get as close as possible to original intent.
D. Concurrent Estates- shared present rights. 1. Tenancy in Common: presumed tenancy; no right of survivorship. 2. Joint Tenancy: has right of survivorship; must expressly state that there is right of survivorship. Joint Tenancies must have 4 unites: - Unity of time: Must acquire interests at the same time. - Unity of title: Must acquire interests in the same deed or will. - Unity of interest: Must have same/equal interests. - Unity of possession: Must have common right to possess the whole property. 3. Tenancy by the Entireties: marital estate, only exists between husband and wife; has right of survivorship. Creates a life estate and remainder in each spouse. Courts are of three opinions as to what voluntary creditors of only one spouse can get: - Cant get anything (majority) - Can get all interest of that spouse - Can get only the remainder of that spouse (KY, TN) 4. Co-tenant can collect from fellow co-tenant for: Ouster Fair share of rent from third parties Waste: occurs by depleting resources or exhausting use. If ordinary person can divide resources (i.e. trees), co-tenant can take his fair share. If only expert can divide, only court can divide. If divided without court order, all co-tenants share profit. Absent co-tenant cannot collect for occupancy of 2 nd co-tenant if absence from the property is voluntary, unless by statute or Exclusion: where property can physically be used by only some of the co-tenants, non-occupants get more money at sale. Property I-Bross 3 II. Non-possessory Interests A. License- Right to use given for a period of time at will of licensor.
B. Profit- Right to take resources (trees, minerals, etc.) from land.
C. Easement- Right to use for a pre-determined, fixed length of time (1 day, 1 year, forever). 1. Expressed easements- explicitly defined in deed. Dominant Estate- Receives benefit. Servient Estate- Receives burden. 2. Non-expressed easements Quasi-Easement- Easement not explicitly granted, but implied. - Previous Usage: Any actual use during common ownership of property. - Used for: Reasonably necessary infrastructures. - Gained on: Previously commonly owned land. - Standard for Discovery: Apparent. - Gained By: Implied agreement; consensual. *Implied Grant- Sell benefit, keep burden. *Implied Reservation- Sell burden, keep benefit. Prescription- Easement gained by use. - Previous Usage: Actual use for set period. - Used for: Any easement. - Gained on: Any identifiable group of land, except land owned by government. - Standard for Discovery: Open and notorious. - Gained By: Basically stealing (equivalent of adverse possession). Common Law Necessity- Easement for necessity. - Previous Usage: No actual use. - Used for: Access. - Gained on: Previously commonly owned land. - Standard for Discovery: Discoverable by expert. - Gained By: Necessity for access to otherwise landlocked parcels; consensual. 3. Change in use/overuse of easement. Express Easement- if not defined by document, look at: - Dominant tenement: any reasonable use. - Easement: different kind of use AND additional burden for servient estate. Prescriptive Easement- if not defined by document, look at: - Dominant tenement: normal evolution of use. - Easement: change in physical character, purpose, and relative burden (what is happening now compared to what was happening when it was prescribed). - Cannot gain more land. 4. If the easement is exceeded, trespass occurs. 5. Abandonment of easement requires time to prove.
Condo Owners Versus Condo Renters: How Charging Owners to Rent Their Units Can Reduce Burdens & Costs - When Renters Rule the Roost: Your Condo & HOA Rights eBook Series, #4