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Promissory restraint
provides that the grantee promises not to transfer her interest...valid for life estates
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Disabling restraint
withholds from the grantee the power to transfer her interest....void on life estates
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forfeiture restraint
if grantee attempts to transfer interest the interest is forfeited to another person.....valid on life estates
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spendthrift restrant
a disabling restraint on an equitable interest in trust
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Four unities for joint tenancy
Time, Title, Interest and Possesion
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Time (4unities)
interests mus vest at the same time
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Title (4 unities)
Interests must be acquired by the same intstrument
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Interest (4unities)
interests must be of the same type and duration
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possession (4 unities)
interests give identical rights to enjoyment
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Tenancy for years
a leasehold estate in land wherein the tenant has a present possessory interest in the leased premises and the landlord has a reversion
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Rule of destructibility of contingent remainders
a contingent remainder must vest prior to or upon termination of the preceding estate or it is destroyed
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Doctrine of merger
when the same person acquires all of the existing interest in land, present and future, a merger occurs resulting in fee simple absolute in that person
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Rule in shelly's case
a conveyance that purports to give a grantee a freehold estate with a remainder to the grantee's heirs instead gives the grantee both freehold estate and the remainder
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doctrine of worthier title
A remainder limited to the grantor's heirs is invalid, and the grantor retains a reversion in the property
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Vested remainder subject to total divestment
remainderman is in existence and ascertained, but his right to possession and enjoyment is subject to defeat by the happenning of a condition subsequent
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vested remainder subject to open
vested remainder subject to diminution by reason of other persons becoming entitled to share the remainder
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Fee simple subject to executory interest
upon the happening of the stated event the FS is automatically divested in favor of a third person
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Fee simple determinable
estate that automatically terminates on the happening of a stated event and reverts to the grantor
Usually has words "for so long as" "while" "during" "until"
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Statutory right of redemption is exercised
after the foreclosure sale
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Right of redemption in equity
Before the foreclosure
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License
merely a privilege to go upon another's land, not an interest
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easement
nonpossessory interest in land, holder has the right to use another's land, but not possess and enjoy the land
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Profit
nonpossessory interest in land, holder has right to go upon another's land and take soil or a substance of the soil
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real covenant
nonpossessory interest in land, a written promis to use or not use land in a certain manner
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common driveway treated as
a cross-easement for suppoert, each party has right to use, neither party can unilaterally destroy
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easement in gross
holder has right to use another's land independent of her ownership or possession of another tract of land
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easement by reservation
arises when the owner of a tract of land conveys title but expressly reserves the right to continue use of the tract for a special purpose after the conveyance
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easements by necessity
arises when the owner of a tract of land sells a part of the tract and by the division deprives on lot of access to a public road or utility line
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burden of the covenant will run to successors in interest if
- 1. covenanting parties intended that successors be bound
- 2. successor has notice
- 3. horizontal privity between the orginial covenatnting parties
- 4. Vertical privity between covenantor and successor
- AND
- 5. Covenant touches and concerns land
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vertical privity
successor in interest holds entire durational interest held by the covenantor at the time he made the covenant
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horizontal privity
original parties shared some interest in the land independant of the covenant at the time they entered the covenant
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Oral attempt to create a perpetual easement =
LICENSE
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Use of easement beyond legal scope results in
easement surcharged and servient owner may sue to enjoin use
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easement can be extinguished by
- easement holder's physical act of abandonment
- nonuse, even if for long period, is not enough must also have ^^
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Voluntary destruction of servient estate
doesnt terminate easement
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Involuntary destruction of servient estate
will extinguish easement
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condemnation of servient estaet
terminates easement
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affirmative easements
entitle the holder to enter upon the servient tenement and make affirmitive use of it
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appurtenant
holder is benefited in her physical use or enjoyment of another tact of land
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holder of an easement in gross has
right to use another's land independent of her ownership or possession of any other tract of land
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negative easement
entitles holder to compel the possessor of the servient tenement to refrain from engaging in certain activity
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effect of profit holder's using profit beyond legal scope is
the profit automatically terminates
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breach of real covenant remedied by
award of money damages
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breach of equitable servitude remedied by
injunction or specific performance
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Burden of an equitable servitude will run to successors in interest if
- parties intended successors be bound
- successor has notice of the covenant
- covenant touches and concerns the land
horizontal and vertical privity not required
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