Property Law Charts
Property Law Charts
Property Law Charts
Fee Simple subject to "To A, but if X event happens, Upon condition occurring Right of (re) entry for Executory Interests
condition subsequent grantor reserves the right next estate may take estate, condition broken / power
to reenter and retake." does not automatically of termination
provided that on condition interrupt. Doctrine of Laches
(Grantor must carve out right of possible if next estate waits (Not alienable, not
reentry). too long to reclaim. devisable, IS
descendible)
Fee Tail and the heirs of his Body Lasts only as long as there Reversion Remainders
are lineal blood descendants
of grantee
Fee Simple Subject to To A, but if X event occurs, pretty much a FSSCS with a None Executory Interests
Executory Limitation (FSSEI) then to B. shifting EI. If condition
broken, it does not revert
back to O, the estate is
automatically forfeited in a
3rd party.
Life Estate For Life Measured by life of Reversion Remainders
to A until he dies transferee or by some other
To A for the life of B. life
(pur autre vie).
Summary of Transferability
Present Interests Alienable Devisable Inheritable
FSA Yes Yes Yes
FT Limited No Modified
LE Yes No No
FSD Yes Yes Yes
FSCS Yes Yes Yes
FSEL Yes Yes Yes
Future Interests
Reversion Yes Yes Yes
Possibility of Reverter No No Yes
Right of Entry No No Yes
Vested Remainder Yes Yes Yes
Contingent Remainder Today yes Yes Yes
Executory Interest Today yes Yes Yes
Remainder in
a Third Party
Types
1. Indefeasibly Vested
Vested 2. Vested Subject to
Complete Divestment
3. Vested Subject to
Open
Destructibility rule
This rule applies only to legal contingent remainders in land. It does not apply to
equitable interests, to interests in trust, nor to personal property. It is a rule of law, not a
rule designed to carry out the grantors intent.
Rule in Shelleys Case (Rule Against Remainders in Grantee's heir's)
Prevents remainders in grantees heirs by creating a FSA in grantor and destroying the
remainder given to heirs
1. If the grantor conveys a life estate to A and in the same instrument purports to create a
remainder in As heirs, the remainder is a FSA in A
Doctrine of Worthier Title (Rule Forbidding EI/Remainders to Grantor's Heirs)
A conveyance of a remainder or executory interest to the heirs of the grantor was void,
and the grantor retained the reversion.
1. O to A for life, remainder to Os heirs.
a. So when it applies, the conveyance basically reads:
i. O to A for life.
ii. So when O dies, the reversion will pass to Os heirs and the inheritance and
estate taxes will be paid
Future Interests
Type How Created Alienable Descendible and Subject to Divests Prior Estate?
Inter Vivos? Devisable? Defeasance?
ALWAYS IN FAVOR
OF GRANTOR
Vested By words of deed or will ALWAYS ALWAYS MAY BE SUBJECT NEVER DIVEST PRIOR
Remainder ALIENABLE DESCENDIBLE TO DEFEANSE ESTATE
--Fee Tail ALWAYS VESTED AND EI PARTIAL OR
--LE DEVISABLE TOTAL SHIFTING
--Leasehold ALWAYS IN FAVOR USE.
OF GRANTEE
Contingent
Remainder By words of deed or will NOT ALIENABLE DESCENDIBLE NO. NEVER DIVEST PRIOR
--Fee Tail AT COMMON LAW; AND ESTATE
--LE ALWAYS DEVISABLE
--Leasehold CONTINGENT TODAY IT IS
ALIENABLE
ALWAYS IN FAVOR
OF GRANTEE
Executory By words of deed or will
Interests TODAY ALIENABLE DESCENDIBLE NO.
--FSSCS ALWAYS AND ALWAYS DIVEST
--FSD CONTINGENT DEVISABLE PRIOR ESTATE
--FSSEI
ALWAYS IN FAVOR
OF GRANTEE
CONCURRENT OWNERSHIP
Type of Tenancy Definition Creation Termination
Each T has a distinct, proportionate, To A and B May be terminated by partition
Tenancy in Common undivided interest in the property
(TIC) - There is no right of survivorship To A and B as joint tenants
- Interests are descendible and can be
conveyed by will/deed - Only unity required is possession
Each tenant has an undivided interest in To A and B as joint tenants with the right of Right of survivorship may be
Joint Tenancy (JTRS) the whole estate, and the surviving co- survivorship severed by:
tenant has a right to the whole estate * Without survivorship language, it may be a. A conveyance by one JT
construed as TIC depending on jurisdiction b. Agreement of JTs
(FL) c. Murder of one co-tenant
by another
Four Unities (JTs must take) d. Simultaneous deaths of
i. Time co-tenants
ii. Title (same instrument or joint adverse * Converts the estate to TIC
possession)
iii. Interest (equal undivided shares) JT can be terminated by partition
iv. Possession (right to possession of the (voluntary or involuntary)
whole)
Implied Warranties
Type Commercial/ Contract Around? Breach lead to Have to vacate
Residential Constructive to prove
Eviction? violation?
Residential Only No..but under VA Code 13.2 Part Yes No
Habitability D
-can delegate responsibilities under
good faith
Both Yes Yes No
Quiet Enjoyment
Both No Yes No
Right of Possession
Both Always read the lease. Yes No
Authority to Lease
Type Definition Duration Waivable?
Covenant of Power to Demise Power to Convey Entire Lease Technically Yes, but
really no
Covenant of Quiet Enjoyment Neither the landlord nor anyone claiming superior title will Entire lease Can contract around
substantially interfere with the tenants possession
Inception Not really for our
Right of Possession American: LL only obligated to provide legal possession. No duty purposes.
to provide actual possession.
Constructive Eviction Wrongful failure to perform an obligation. Substantial interference. Entire Lease Probably no
Landlord must be given the chance to cure. Tenant may then vacate
and must do so in a reasonable amount of time. If constructively
evicted then QE breachedif tenant doesnt want to vacate can still
claim breach of QE
Implied Warranty of Unsafe or unsanitary conditions may or may not be housing code Entire Lease No
Habitability violations (minor violations dont count) bare living requirements
No heat/ hot water , raw sewage in basement all examples of
(Residential Only) breach. Cracks, minor water leaks, need for paint dont count
(Wade v Jobe) Must provide reasonable time to remedy
Entire lease Yes
Implied Warranty of Applies to commercial leases. Landlord will maintain the premises
Suitability in a manner suitable for the tenants intended commercial purpose
Breach of bolded can lead to CE, Do not have to vacate to prove violation.
EQUITABLE SERVITUDE
EASEMENT REAL COVENANT
FORM AND Affirmative In form, a contract, not a real A product of the British courts of
METHOD OF Prescription property interest. Commonly equity, historically recognized by
CREATION Implication created in a deed but may be the courts whenever equity so
Necessity created in another document, required.
Grant provided privity of estate exists
between the promisor and Today, most commonly created
Negative promisee (horizontal privity)for by express grant, but may be
Express Grant example, a lease, or a contract created in any binding contract
In form, a property interest, protected between cotenants. Not generally provided that the circumstances
under the just compensation clause of capable of creation by are sufficient to give adequate
the federal constitution. implication, necessity or notice to people later alleged to
prescription, or adverse be bound.
possession.
ASSIGNABILITY OF In modern American law commercial Yes, although it is sometimes Interests in gross are generally
INTERESTS IN easements in gross are assignable. stated that the burden will not run assignable. Once again, it is
GROSS There is some doubt about the if the benefit is in gross. sometimes said that the burden
(Personal interests) assignability of noncommercial will not run if the benefit is in
easements in gross. gross, but there are many
exceptions to this rule.
TOUCH AND NO Yes. Neither the benefit nor the Yes, although many cases state
CONCERN burden will run if the covenant at the requirement in a different
REQUIREMENT issue does not touch and concern wayfor example, it must be a
the land. promise affecting the use of
real property, or it must be a
promise to do or refrain from
doing something upon the land.
NOTICE Yes, if the owner of the servient estate Yes. Notice is required for the Yes. Notice is required for the
REQUIREMENT is to be bound. The notice may be burden to run to successors. burden to bind successors. The
actual, record, or inquiry notice (as is Notice may be actual or record. In notice may be actual, record, or
the case with implied easements). some cases, notice is not required inquiry. In some cases, notice is
to burden a successor who is a not required to burden a suc-
donee. cessor who is a donee.
Real Covenant Equitable Servitude
Privity
YES NO PRIVITY
Remedy Enforced by awarding of monetary Enforced by Injunctive Relief
damages
NEGATIVE
In almost all cases Horizontal privity is Injunction
EASEMENTS
Can be creating ONLY by a writing signed by required before the burden will run.
the grantor (or damages these
(L-A-S-S: Light,
Horizontal Privity NOT required for benefit days)
Air, Support,
to run
Streamwater)
REAL WRITING signed by grantor Burden of covenant (being subject to it, Damages
COVENANTS bound to it) will run to successor if WPINT:
Writing
Privity (horizontal & vertical)
Intent
Notice
Touch and Concern
EQUITABLE WRITING signed by grantor (unless implied Successors bound if WITNes: Injunction
SERVITUDES by general scheme doctrine) Writing
Intent
Touch and Concern
Notice