Property Chart
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Transcript of Property Chart
![Page 1: Property Chart](https://reader036.fdocuments.us/reader036/viewer/2022082809/5572029b4979599169a3d182/html5/thumbnails/1.jpg)
Freehold Estates Future Interest
Fee Simple Grantor Third Person
-Absolute “to A”“to A and her heirs”
None None
-Determinable/Subject to an Executory Limita-
tion
“to A so long as...”“while...”“during...”“unless...”“until...”
Possibility of Reverter Executory Interest
-Subject to a Condition Subsequent/Executory
Limitation
“to A provided that...”“on condition...”“but if...”
Right of Reentry Executory Interest
-Fee Tail “to A and the heirs of his body”
Reversion Remainder
-Life Estate “to A for life” Reversion Remainder
Executory Interest
Non-Freehold Estate Future Interest
Term of Years “to A for _____ years” Reversion Remainder
Remainders can be vested or contingent
Vested remainders:1) owned by an ascertained person or persons and2) are not subject to a condition precedent
Contingent remainders:1) either the owner is unascertained or possession of the property is subject to a condition prece-
dent
RAP
Subject to RAP Not Subject to RAP
Contingent remainders Vested remainders
Vested remainders subject to open
Vested remainder subject to de-feasance
Executory interests ReversionsPossibilities of reverterRights of reentry