Property Chart
Property Chart
Property Chart
tion during... unless... until... -Subject to a Condition to A provided that... Subsequent/Executory on condition... Limitation but if... -Fee Tail to A and the heirs of his body -Life Estate to A for life
Possibility of Reverter
Executory Interest
Right of Reentry
Executory Interest
Reversion
Remainder
Reversion
Remainders can be vested or contingent Vested remainders: owned by an ascertained person or persons and are not subject to a condition precedent
1) 2)
Contingent remainders: 1) either the owner is unascertained or possession of the property is subject to a condition precedent RAP Subject to RAP Contingent remainders Not Subject to RAP Vested remainders
Not Subject to RAP Vested remainder subject to defeasance Reversions Possibilities of reverter Rights of reentry