Property II - Ortiz-1

8/13/2019 Property II - Ortiz-1

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PROPERTY II OUTLINEP ROFESSOR F RAN O RTIZ

S UMMER 2002

E-mail: [email protected] (H) 832.252.656Office: Room 6 8 (!) " 3.2 3. #

(O) " 3.6#6.2$#. %!&' * O+ , % /ER E O E O+

a. *1eor a d Eleme ts of %d4erse ossessioi. %ctual e tr i4i e clusi4e 7ossessio of t1e la d

. must actuall 71 sicall 7ossess t1e 7ro7ert it1 t1e same de ree of occu7a c a d use asa4era e o er ould use t1at t 7e of 7ro7ert

a. ie.9 if t1e o er 1as uests9 ou ca 1a4e uests if t1e o er oes o 4acatio 9 o o 4acatio

2. must e clude true o er3. 7ossessio ca ot ;e s1ared it1 t1e o er or t1e 7u;lic#. if a la do er does ot ;ri actio to e


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i. *o acFuire ; % 9 o e must clearl a d co 4i ci l s1o t1at for at least I ears t1ere 1as ;ee acoccu7atio of t1e la d (e closi t1e la d or culti4ati or im7ro4i ) u der a claim of title

ii. O ce a % 1as a i terest i la d9 it taBes more t1a a mere stateme t or act to co 4e it ;acB too er. +ot1i ou ca sa ill c1a e t1e fact t1at ou ad4ersel 7ossess t1e la d.

. RO,=EJ 7. #2. % a d , o ad


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2. *HE JE!H%+ ! O % /ER E O E O+a. !o"ard v. #unto ( $"0)GHo ards a d Ku tos 1old 7ro7ert i a summer resort area 1ere 1ouses are used

7rimaril for summer occu7a c s o ed la d o e lot a a from s 1e s tried to co 4e la d to 3d 7fou d t1e title t1e 1eld as to t1e ad


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accrues9 is it1i t1e a e of mi orit 9 of u sou d mi d9 or im7riso ed t1e t1at 7erso ma!O% it1i 0 ears after suc1 disa;ilit is remo4ed

2. isa;ilit is immaterial u less it e isted at t1e time t1e !O% accrueda. RO,=EJ

i. $6"GO o s ,lueacre O i sa eii. 5 6"G% e tersiii. $$0GO dies i sa e a d i testate OAs 1eir H u der o disa;iliti4. C1e ould % acFuire titleN 20004. H ets to sue ;ecause 1eAs t1e successor i i terest i t1e 7ro7ert

;. RO,=EJ (co ti ued)i. OAs 1eir H is o l 6 ears oldii. still 1as to sue ; 2000 ;ecause disa;ilities ca At ;e tacBed (le al uardia )

c. RO,=EJi. $6"GO o s ,lueacre O 1as o disa;ilitii. 5 6"G% e tersiii. $85GO dies i testatei4. OAs 1eir H is 2 ears old4. % ill o ,lueacre i $88 ;ecause t1e disa;ilit does At a77l it as At

7rese t at t1e time of e tr $6" P 2 ears is $88d. RO,=EJ

i. $6"GO o s ,lueacre O is 5 ears oldii. 5 6"G% e tersiii. $""GO ;ecomes i sa ei4. $$2GO dies i sa e a d i testate4. OAs 1eir H 1as o disa;ilit4i. $$0 ;ecause o l disa;ilit t1at cou ts is disa;ilit at time of e tr disa;i

ca At ;e tacBed4i. R'=E

. deat1 remo4es a disa;ilit2. at t1e 7oi t t1e disa;ilit is remo4ed9 t1e 0 ear 7ro4isio starts ticBi3. disa;ilities ca At ;e tacBed#. disa;ilit must ;e 7rese t at e tr5. if t1ere are t o disa;ilities9 taBe t1e lo er of t1e t o

3. RE !R * /E E% EJE+*a. $t%en v. &osier ( $50)Guse ; e 7ress or im7lied 7ermissio 9 o matter 1o lo co ti ued9 ca ot ri7e i

7rescri7ti4e easeme t co se ted to As use of t1e la d so does ot 1a4e a 7rescri7ti4e easeme ti. Easeme t

. limited use of someo e elseAs la d (71o e9 ca;le9 electric9 ater com7a ies 1a4e a easemacross our la d to la a d mai tai 7i7es9 li es9 etc.)

2. e erall is for a ri 1t of a3. same eleme ts 7rese t for % also t1ere for easeme ts

ii. iffere ces ;et ee % a d E. % is to o t1e la d

a. 7ossessor i terest

;. e clusi4e 7ossessio2. rescri7ti4e easeme t is to use t1e la da. o -7ossessor i terest;. o -e clusi4e 7ossessio

iii. Eleme ts of rescri7ti4e Easeme ts. actual e tr

2. De clusi4e use (ca At s1are t1e use it1 a o e else)3. o7e a d otorious#. Dad4erse5. co ti uous use of a ot1erAs la d for t1e statutor 7eriod

i4. rescri7tio ; t1e u;licGLurisdictio s 4ar :#


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. some sa Q o 7rescri7tio allo ed2. ot1ers sa Q es9 e ill allo 7rescri7tio ; a lar e9 defi a;le rou79 ;ut o l if:

a. stro 7roof of ad4ersit;. differe t use t1a t1at made ; e eral 7u;lic

3. u;lic itself ca 7rescri;e ;ut o er must ;e o otice9 ; t1e Bi d a d e te t of use9 t1at aad4erse ri 1t is ;ei claimed ; t1e e eral 7u;lic a d ot ; i di4idual

#. *o 7re4e t a 7rescri7tio 9 effecti4el 7re4e t t1em from usi it or i4e t1em 7ermissio soot ;e ad4erse

#. E% EJE+* , +E!E * %+ E% EJE+* , RE !R * O+a. Matt%e"s v. Bay !ead '( rove(ent Assn. ( $8#)Go ers1i79 domi io a d so4erei t o4er la d flo ed ; ti

aters e te di to t1e 1i 1 ater marB is 4ested i t1e state for t1e 7eo7le 7u;lic uses i clude a4i atio 9a d recreatio al uses9 i cludi ;at1i t1is doctri e a77lies to mu ici7all o ed dr sa d areas si ce eof ri 1ts i t1e fores1ore is i se7ara;le from use of dr sa d ;eac1es 7u;lic i terest i 7ri4atel o ed dr sa;eac1es ma i clude ) t1e ri 1t to cross i order to ai access to t1e fores1ore a d 2) t1e ri 1t to su ;at1e e


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a d did ot fill i 7a eeAs ame s sold t1eir 1ouse a d acce7ted a de7osit c1ecB told s s1e 1ad decidelot to a ot1er for 69000 s offered 69000 refused sou 1t s7ecific 7erforma ce court fou d fclaimed O ;arred relief a d a77eals a K for tra sfer of i terest i la d ca s7ecificall ;e e forced if ocom7lia ce it1 O if 7art seeBi e forceme t reaso a;l relied o K a d 1as so c1a ed 7ositio t1at ica ;e a4oided o l ; s7ecific 7erforma ce must ;e 1eld to 1er e d of t1e ;ar ai

i. *alker v. 'reton ( $"")Gseller did At B o ;u er as oi to sell 1is farm court did At ra t s7ecific 7erfoi. Proble(s

. O o s ,lacBacre a d e ecutes a d deli4ers a deed to 1er dau 1ter % as a ift deed otrecorded t1e O tells % s1e ould liBe ,lacBacre ;acB so % 1a ds deed ;acB to O a d sa s la d is ours a ai O tears u7 t1e deed O o s ,lacBacre

2. , i4es c1ecB for 59000 , ould ot ;e a;le to resci d u less 1as misre7rese ted t1eco ditio or 1as 4iolated a dut to disclose or 4iolated im7lied arra t of 1a;ita;ilit =E* *,' ER ,EC%RE

3. u77ose , ca o;tai loa secured ; mort a e o 509000 ;ut , e 7ected ould ;e a;le too;tai "59000 loa ca , resci dN +o9 u less ai4er i K stati Dco ditio ed u7o , fi a ci , scre ed =E* *HE ,' ER ,EC%RE

L. J %RKE*%,=E * *=EGtitle t1at a reaso a;le 7erso ould 1a4e o dou;ts t1at title as 4alid a d a 7erso ould ;e illi to 7a J/ free of defects im7lied i e4er sale of real 7ro7ert t1at title is free from dou;ts o e illi 7erso ould ;e illi to ;u , ca resci d if title ot marBeta;le

i. Lo%(eyer v. Bo"er ( $5 )G K to ;u 1ouse to 7ro4ide ood marBeta;le title su; e cum;rsta e)

. E cum;ra ceG;urde o title t1at ould maBe a reaso a;le 7erso dou;t t1at t1e 1a4e full te cum;ra ces maBe real 7ro7ert u marBeta;le

2. Restricti4e co4e a tG7romise t1at restricts ie.9 si le famil 1ousi 9 easeme t more efou d

3. Real !o4e a tsa. E cum;ra ces (u less ai4ed) > u marBeta;le title

;. Real co4e a ts > e cum;ra ces (u less ai4ed)c. Real co4e a ts > u marBeta;le titled. /iolatio s of real co4e a ts > u marBeta;le title

#. To i Ordi a cesa. E cum;ra ces (u less ai4ed) > u marBeta;le title;. To i ordi a ces e cum;ra ces marBeta;le titlec. /iolatio s of zo i ordi a ces > e cum;ra ces u marBeta;le title

5. E cum;ra cea. Restricti4e co4e a t Q es;. /iolatio of restricti4e co4e a t Q esc. To i ordi a ce Q od. /iolatio of zo i ordi a ce Q es

e. f D es a d , 1as ot ai4ed t1is 7articular e cum;ra ce i t1e K9 , ca resci dii. Conklin v. Davi ( $"8)G K to sell 1ouse to , K called for to fur is1 marBeta;le title a d i sura;le tidisco4ered t1at o;tai ed title to 7art of t1e 7ro7ert t1rou 1 % e4er e t to court to Fuiet titlrefused to o t1rou 1 it1 t1e deal sued , for s7ecific 7erforma ce cou terclaimed to resci d Ko;tai ed ; ad4erse 7ossessio is ot u marBeta;le 1e a sellerAs title is rou ded o % 1e ma7erfect record title (o;tai record from former o er9 actio to Fuiet title9 actio to co cede outsta de cum;ra ce9 etc.) or c1oose to e ter i to a K of sale 1o7i to co 4i ce t1e 7urc1aser or t1e court1is estimate of t1e marBeta;ilit of t1e title is


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a. *itle must sta d or fall as it e ists o t1e da of closi a d seller ca ot later curedefects if t1e K does ot sa time is of t1e esse ce t1e court ill i4e t1e 7arties areaso a;le time for 7erforma ce if t1e K does ot same t1at time is of t1e esse ce9eit1er 7art ca fi t1e time for 7erforma ce ; i4i otice to t1e ot1er9 7ro4ided

otice lea4es a reaso a;le time for re deri 7erforma ce2. ama es for ,reac1 of K

a. 7ecific 7erforma ce;. =oss of ;ar ai dama es

i. *1e differe ce ;et ee t1e K 7rice a d t1e J/ of t1e 7ro7ert o t1e date of;reac1 (ca flu uate a d eit1er o for ou or a ai st ou)

3. EFuita;le !o 4ersioa. etermi es 1o ;ears t1e risB of loss after t1e K 1as ;ee si ed ;ut ;efore t1e deed

1as 7assed if K 1as ;ee si ed , t1i Bs 1e o s 7ro7ert a d t1i Bs 1eAs sold t7ro7ert ,'* =EU%== title does At 7ass u til deed 7asses at closi (5"8) at closideed a d title 7ass9 a d t1e ,u er ;ecomes t1e O er Ue erall ,u er 1as eFuita;letitle after K 1as ;ee si ed9 ;ut ;efore t1e deed 1as ;ee 7assed. +ot le al title. ,ucarries risB of loss after si i K. ,u er ould et i sura ce 7roceeds from fire et

eller remai s i reside ce9 some


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ii. Le( ke v. Dagenais ( $88)G,uilder ;uilds ara e for t1e ellers. u;seFue t ,u er of a 1ouse sues,uilder of ara e for structural defects. ,u er sues ,uilder for eco omic loss u der ,reac1 of K. m7liCarra t of &ualit is a *ort !O%.

. Eleme ts of C&a. efects must ;e latent ;. Ja ifest after urc%asec. -ot discoverable by reasonable ins ection 7rior to 7urc1ased. =imited toreasonable eriod of ti(ee. Carra t limited to"ork(anlike uality .

2. ,u er s1ould do a i s7ectio 7rior to 7urc1ase. f t1e do At9 could ;e ;arred from ;ri ias C& ca o l succeed if a reaso a;le i s7ectio +O* tur u7 t1e defect.

3. Ja


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true o er ca 7re4e t t1e 1arm ; etti someo e to read i ter7ret t1e sale ote. *1erefo, ill i . *1ere as ot1i t1e , could 1a4e do e to 7re4e t t1e 1arm from occurri

d. !o4e a tsi. rese t !o4e a ts Gt1e 1a4e to ;e ;reac1ed 1e deed is deli4ered9 if ;reac1ed at all O= ;e i s

ru i at deli4er of t1e deed (e. .9 c1icBe la s e s t1at ill cracB immediatel or ot at all ;reac1ed 1e deed deli4ered or ot at all must sue ;efore O= ru s)

. !o4e a t of eise G ra tor arra ts t1at 1e o s t1e estate t1at 1e 7ur7orts to co 4e2. !o4e a t of Ri 1t to !o 4e G ra tor arra ts t1at 1e 1as t1e ri 1t to co 4e t1e 7ro7ert

most i sta ces t1is co4e a t ser4es t1e same 7ur7ose as t1e co4e a t of seise 9 ;ut it is 7ossfor a 7erso 1o 1as seise ot to 1a4e t1e ri 1t to co 4e (e. .9 a trustee ma 1a4e le al tit;e for;idde ; t1e trust i strume t to co 4e it

3. !o4e a t % ai st E cum;ra ces G ra tor arra ts t1at t1ere are o e cum;ra ces o t1e7ro7ert e cum;ra ces i clude mort a es9 lie s9 easeme ts a d co4e a ts

ii. uture !o4e a ts G;reac1ed i t1e future 1e ra tor fails to li4e u7 to 7romise (e. .9 a ;roBe ecause of actio O= does At ;e i ru i u til e ;reaBs 1e a co4e a t is ;reac1ed9 t1e colo er ru s it1 t1e la dSitAs a !O% a d ou must sue it1i t1e O= ot1er ise ouA4e ot a ;roBet1atAs oi to start smelli )

. !o4e a t of Ue eral Carra t G ra tor arra ts t1at 1e ill defe d a ai stlawful claims a d ilcom7e sate t1e ra tee for a loss t1at t1e ra tee ma sustai ; assertio of su7erior titl

2. !o4e a t of &uiet E


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co 4e s to ; Fuitclaim deed co 4e ed 7ro7ert to ; C 9 free a d clear of all e cum;ra cessu; O ousts , limited to 5K

;ecause ou a t to 7ut t1e ra tee i as ood a 7ositio 1e ould1a4e ;ee i if t1e ;ar ai 1ad ot 1a4e ;ee ;reac1ed

4i. &ockafellor v. Gray ( $22)Gremote ra tees offi co 4e ed to RocBafellor 80 acres ; C t1erea outsta di mort a e to Ura of 500 a ai st t1e la d t1at RocBafellor a reed to assume a d 7amort a e as foreclosed o resulti i a s1eriffAs deed t1at as e ecuted a d deli4ered to !o ell2 23 $ 2 mo t1s later !o ell co 4e ed t1at la d to i o t1e deed co tai ed usual arraco sideratio of #K 2 mo t1s later i o co 4e ed to Ha se Ure erso ; C it1 co sider

"K o 8 5 $ 8 RocBafellor ;rou 1t suit to 4acate a d set aside foreclosure sale ar ui t1at it for lacB of


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. RocB o s. ! i . i H U. RocB ousts H U.%. 'E V : does co4e a t of seise ru it1 la d so t1at actio ma ;e mai tai ed ;

remote ra tee (H U)N es.i. !o4e a t of eise G ra tor arra ts t1at 1e o s t1e estate t1at 1e 7ur7ort

to co 4e, . 'E V2: 1at is t1e amou t of reco4er to ;e allo edN #000

2. *1e %merica Rule (ma


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;. ,ala ce (if a ) 7a s off


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iii. reser4es i a secure 7lace im7orta t docume ts 1ic1 ma ;e easil lost or mis7laced i 7ri4ate 1ai4. Ha4e fu ctio of 7rotecti 7urc1asers for 4alue a d lie creditors a ai st 7rior u recorded i terest4. Ca to maBe sure ou 1a4e su7erior title4i. rotects su;seFue t 7urc1asers4ii. !OJJO+ =%CGfirst i time is first i ri 1t

. O % O ,. % 4. ,. %t !=9 1o i sN % i s.2. O % O ,. , records. % 4. ,. Recordi statute i effect. , i s.

a. tatutes 7rotect first 7urc1asers 1o fail to record.;. *1e de es

i. *ract i de. recorded docume ts are filed i c1ro olo ical order u der tract9 ;locB a d lot um;er

2. sim7lifies title searc1ersii. Ura tor- ra tee i de

. filed c1ro olo icall2. Be7t i t o ;ooBs o e for ra tors a d o e for ra tees3. listed al71a;eticall#. la;orious

c. Lut%i v. 3vans ( $"8)Geffect of failure to descri;e 7ro7ert it1 s7ecificit i $" 9 O e s s7ecificall assii terest i se4e !offe !ou t 9 K oil Uas leases to * i cluded i t1e assi me t as a Jot1er Hu;;ard claassi i Dall i terest of 1atsoe4er ature i all oil a d as leases i !offe !o.9 K i $"59 O e s assi

i terest i a oil as lease called Kufu1l (located i !offe !ou t ) to , * co te ds t1at it o s t1e oil adue to Jot1er Hu;;ard clause 1ic1 1e ar ues i4es co structi4e otice to all su;seFue t 7urc1asers , co te dt1e $" assi me t as sufficie tbet"een t%e arties ;ut t1at it as ot sufficie t to i4e co structi4e otice tosu;seFue t i oce t 7urc1asers 1o did ot 1a4e otice of t1e 7rior assi me t a d t1e e eral la ua e lacs7ecificit R'=EGa e eral assi me t9 1e recorded9 is ot sufficie t to i4e co structi4e otice to a i7urc1aser for 4alue

d. $rr v. Byers ( $88)Gmiss7elled ame Orr o;tai ed L a ai st Cilliam Elliott 1o as erro eousl ide tified aCilliam ua e Elliot o t1e L a d o t1e a;stract L later filed9 as Cilliam ua e Elliot a d Cilliam ua e Elioo;tai ed title to a 7arcel of 7ro7ert 1ic1 ;ecame su;


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3. a ai st su;seFue t 7urc1asers for#. co sideratio a d it1out otice9 u less t1e same ;e recorded

a. O %9 O ,9 a , . % records. , !9 a , . % 4. !. % i s. %s ;et ee % a d, i a otice


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a. *oods;


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e tire de4elo7me t i Lu e $"2 1ic1 as assi ed ; E li i La uar $"5 1e 7ri ci7al ;ala#09000

1. ossession of ro erty by rior urc%aser gives in uiry notice to subse uent urc%asers >. ossession gives in uiry notice

m. JarBeta;le *itle %ctsi. J*%s elimi ate title defects automaticall it1 t1e 7assa e of a certai amou t of time e4er to a77e

a ai if ou meet t1e 7ro4isio s of t1e act used to clea u7 defecti4e titlesii. *1e act 7ro4ides t1at if ou 1a4e a u ;roBe c1ai of title from t1e 7rese t ;acB to t1e root of title9

ot1er i terests i t1at 7ro7ert ill ;e e ti uis1ed. f a title tra sactio ;reaBs t1e c1ai of title9 t17urc1aser must 7ro4e su7erior title i some ot1er a (e. .9 ; recordi statute or ad4erse 7ossessio

. or e am7le: $30-! to 9 $56- to E9 $60-E to 9 $65-O to 9 $$6-U to H. HAs c1from $56 is ;roBe ; t1e O to deed.

2. $00-% to ,9 $ 2-, to !9 $30-! to 9 $56- to E9 $60-E to 9 $$5- to U9 $$6-U toassume a #0 ear JarBeta;le *itle %ct

iii. Root of *itleGt1e most rece t tra sactio i a 7erso As c1ai of title t1at 1as ;ee of record for at lestatutoril reFuired 7eriod (e. .9 #0 ears).

. 88$ O leases to I for $$ ears. I records t1e lease. 8$0 O co 4e s t1e la d to % su;


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ad


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iii. , 7ermissioi4. Ja ;e re4oBed at ill of la do er

e. *illard v. 5irst C%urc% of C%rist6 )cientist ( $"2)Gf. !olbrook v . Taylor( $"6)G 7urc1ased t1e la d o4er 1ic1 claims a easeme t i $# from $##- $#$

t1e ri 1t to co struct a mi i road o As la d a d 7aid a ro alt i $5" ;uilt a re tal 1ouse o tt1e mi i road as used ; ;ot1 a d t1e te a ts t1e re tal 1ouse ;ur ed i $6 a d as ot re7laced9 i

7urc1ased a 3-acre tract ad


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t1e easeme t must 1a4e e isted at t1e time t1e ori i al ra tor se4ered t1e t o estates (ie.9 ser4ie t adomi a t estates)

1. 3ase(ent of -ecessity a. Must %ave unity of o"ners%i of do(inant and servient estatesb. )trict necessity6 not a (ere conveniencec. -ecessity (ust %ave e7isted at ti(e of severance

2. a esse tial eleme t i acFuiri a 7rescri7ti4e ri 1t is t1e ad4erse use of t1e easeme t usee 7ress or im7lied 7ermissio 9 o matter 1o lo co ti ued9 ca ot ri7e i to a 7rescri7teaseme t si ce co se ted to As use of t1e la e9 does ot 1a4e a 7rescri7ti4e easeme

i. %ssi a;ilit of Easeme tsi. Miller v. Lut%eran Conference Ca( Association ( $38)G o;tai ed t1e e clusi4e ri 1ts for recreatio

use of a laBe a d assi ed \ i terest to R. Jiller a d R. Jiller to et1er o7erated a recreatio area fo7u;lic u til t1e deat1 of R. Jiller co ti ued to re t ;oats R. JillerAs e ecutors a d 1eirs lice sed tof t1eir i terest to t1e s sued to e


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i. Jere o -use i sufficie tii. Just s1o :

. rese t i te t to reli Fuis1 t1e easeme t or2. !urre t 7ur7ose t1at is i co siste t it1 t1e easeme tAs future e iste ce.3. !1a e i use of easeme t ; federal o4er me t co stitutes a *aBi .

e. +e ati4e Easeme ti. Ri 1t of t1e domi a t o er to sto7 t1e ser4ie t o er from doi somet1i o t1e ser4ie t la d t

ould ot1er ise ;e 7ermitted to do.ii. E lis1 !ourts reco ized # t 7es of e ati4e easeme ts:

. ,locBi of /ie2. terferi it1 air flo3. Remo4i of su77ort to a structure#. i4erti flo of ater

iii. ' !ourts added:. ' o;structed 4ie

2. olar easeme ts Q allo solar 7a els3. !o ser4atio easeme ts Q ca At use la d for a t1i

. !O/E+%+* R'++ +U C *H *HE =%+a. !o4e a ts E forcea;le at =a : Real !o4e a ts (a 7romise re ardi real 7ro7ert )

i. Real co4e a ts are 7romises res7ecti use (or o use) of la d i a s7ecified a t1at ru s it1 t1eat la (i.e.9 e forcea;le a ai st successors i i terest for mo e dama es) ca ;e affirmati4e or e

. e ati4e co4e a t Ga 7romise ot to do a act treated liBe easeme ts for successio 7ur7oset1e ru to all su;seFue t o ers a d 7ossessors of t1e ;urde ed a d ;e efited 7ro7ert o reFuired for eit1er ;urde or ;e efit to ru all ou 1a4e to s1o is a 7romise to ;i d

2. [affirmati4e co4e a t[ (;o us 7oi ts if discuss R3d o essa 77. 862-63 for 7ur7oses of t1use R2 )Ga 7romise to do a act ru to 7erso s 1o succeed to estates of t1e same duratio ere 1eld ; t1e ori i al 7arties to t1e co4e a t (e. .9 7erso s 1o satisf t1e traditio al 7rireFuireme t) / reFuired ;ut a estate for same duratio reFuired for ;urde or ;e efit9 ,'*:

a. ru s to ad4erse 7ossessors;. ru s to lessors9 ;ut o l if t1e co4e a t is more reaso a;l 7erformed ; t1e lessee t

t1e la dlordc. life te a ts succeed to ;urde s9 ;ut are limited to t1e 4alue of t1e life estate

i. O sells to % (1orizo tal 7ri4it ) , ousts % O 1as to alle e t1at ;urde of 7ru s to , (ad4erse 7ossessor) O 1as to alle e 4ertical 7ri4it ;et ee % a dof t1e same estate a ad4erse 7ossessor is ot co sidered 4ertical 7ri4it;ecause it as ot sold it as At a 4olu tar co 4e a ce of t1at estate(7ri4it >4olu tar co 4e a ce ill9 sale9 i 1erita ce) does , 1a4e to doa t1i N +o9 t1atAs 1 u der 3d Restateme t9 ad4erse 7ossessors et from ot 1a4i t1e ;urde a d 4ertical 7ri4it ill ru to ad4erse 7ossessor;ecause it ould At ;e fair to O

ii. O sells to % a d % leases to ! for a term of ears does ! 1a4e to com7l t1e co4e a tN +o9 ! ca co ti ue lea4i t1e trees to ro as muc1 as t1e a t 1as !O% a ai st % ;ecause % still o s t1e la d for ;reac1 of K ;ut i ere to co 4e 1is e tire i terest to !9 O could At et %

ii. Just ;e created ; a ritte i strume t si ed ; t1e co4e a tor it is a i terest i la d t1at ca ot; esto77el9 im7licatio or 7rescri7tio liBe a easeme t caiii. % real co4e a t su;


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a. itiall touc1 a d co cer 1ad to do it1 some 71 sical t1i o t1e la d o e ca t1i B of touc1 a d co cer is a 7romise to ;uild a all o a 7iece of la d (touc1eco cer s t1e la d oes o to successors a d assi s it1 otice) 4. a 7romise to 7a7ortrait of t1e la d o er ( ot1i to do it1 t1e la d-? domi a t te eme t2. ;urde ed la d > ser4ie t te eme t

a. , 7romises % t1at ,lueacre ill ;e used for H o l , ;uilds "- , 1as ;urde % ;e efit % does ot 1a4e ;urde ;ecause ;ot1 are 7arties to t1e ori i al a reeme t

;. , sells to ! % 1as to alle e t1e ;urde ru s to ! a d if t1e ca 7ro4e it9 ! must comc. f % sells to 9 ould 1a4e to alle e t1at ) t1e ;urde ru s to ! a d 2) t1e ;e efit

to i. ,'R E+ *E *Gto 7ro4e t1at t1e ;urde ru s9 must s1o ,O*H:

. 1orizo tal 7ri4it ;et ee ori i al 7arties (i.e.9 s1o t1at t1e are mutual or successi4e relatio s1i7) a d

2. 4ertical 7ri4it of a estate of t1e same duratio (i.e.9 if , 1eld a feesim7le9 ! 1as to 1old a fee sim7le ,'* if , 1as a fee sim7le a d if !1olds a term of ears9 t1atAs ot a estate of t1e same duratio )

ii. ,E+E * *E *Gto 7ro4e t1e ;e efit ru s9 must s1o :. 4ertical 7ri4it of a duratio

2. +O 1orizo tal 7ri4it reFuireda. % a d , are o l ei 1;ors , sells to ! i stead of ! ;uildi

a a7artme t com7le 9 % ;uilds o e is ! e titles to damaa ai st %N

i. does ! 1a4e to alle e t1e ;urde ru s to %N o;ecause % is a 7art to t1e K

ii. ! 1as to alle e t1at t1e ;e efit ru s to !

;. !o4e a ts E forcea;le i EFuit : EFuita;le er4itudesi. Real co4e a ts are 7romises res7ecti use (or o use) of la d i a s7ecified a t1at ru s it1 t1e

i eFuit re ardless of its e forcea;ilit at la (i.e.9 e forcea;le a ai st successors i i terest for i

Property II - Ortiz-1

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Transcript of Property II - Ortiz-1