Real Property : Revisit

Feb 2005 Q5: Serious, model answers are not perfect. They are not God. They are just nervous applicants. Almost hit everything. Almost... :P

1. Present Land Interest

• Fee Simple Absolute
• Fee Simple Determinable
• Life Tenant ( waste)
  

2. Future Land Interest

• Grantor: POR, RE
  
• Third Party: vested remainder/ contingent remainder/ ???
  
• RAP
  

3. Property owned by multi parties

• Joint Tenant ( with survivorship)

• T-Tip
• Mortgage: Title Theory/Lien Theory

• Tenet in common
• Rent
• Tax
• Necessary Repair
  

4. Landlord/Tenant

• Types of leasehold

• tenancy for years

  periodical tenancy

• Landlord's obligations
• Covenant of Hability

• Actual evaction

  Implied evaction

  Constructive evaction

• Tenant's obligations

• Rent

  Maintainace

• Assignment

• Assignor: privity of K

  Assignee: privity of estate

• sublet

5. Non-Possessory Interest on land

• Easement

• appurtenant: dorminant/servient

  necessity

  duration: permanent

  termination

• License
• Real Covenant

• Benefit

• intent

  touch and concern: burden the land

  vertical privity

• Burden

• intent

  toucn and concern

  notice

  horizontal privity

  vertical privity

• Equitable Servitude

• Benefit

• intent

  touch and concern

• Burden

• intent

  notice

  touch and concern

  
  

6. Land Sale

• Land Sale Contract ( S/F): Marketable Title
  
• Deeds ( general warranty deeds)

• Merger: K vs. Deeds: deeds control/K merge into deeds

  General Warranty Deeds

  Covenant of Seisin: title/possession

  Covenant of Right to Conveyance: right to transfer

  Covenant of Encumbrances: no physical or title encumbrance

  Covenants of Titles

  Covenant of Quiet Enjoymant: won't be disturbed by 3rd party's legal title

  Covenant of Warraty: defense/no superior title from 3rd person

  Covenant of Future Assurance: reasonably method to protect grantee from future attacks

  Wild Deeds

• Delivery

• Condition

  Escrow

  Relate Back

• Acceptance
• BFP: notice( AIR), race, race-notice

7. Mortgage

• theory:title/lien
• priority

• notice

  race

  notice-race

8. Water Right

9. Nuisance: Public/ Private

10. Taking( Eminent Domain): 5th Amendment