Leasehold vs fee simple hawaii
[DOC File]I
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Fee simple > life estate or a leasehold interest. Life estate > life estate per autre vie; leasehold estates. Non-freehold estate > any term or years or periodic tenancy of lesser duration. Future interest in fee simple > vested or contingent remainders in life estates. A …
[DOC File]PROPERTY OUTLINE - HLS Orgs
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G’s reversion is not in fee simple absolute, but rather in fee simple subject to an executory interest. C’s condition is that B dies b/f B reaches 21. Problem: G ( (l.e.) A ( (rdr) B, but if B fails to reach 21 ( (rdr) C. This is a “condition subsequent” (subsequent condition can divest B’s interest)
[DOC File]Cases and Text on Property, 4th Ed., Casner Leach - Law ...
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FEE SIMPLE & DEFEASIBLE FEES. Station Assoc. v. Dare County – 1999 (Page 278) If a grant deed does not specifically mention that the grant is a fee simple determinable with possibility of reverter, it is a fee simple absolute.
[DOC File]A
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Seisen—fee simple, fee tail and life estate are freehold estates, and freeholders have seisen, possession of a particular kind and with particular consequences. They are seised of the land. Before 1536, to transfer freehold land, had to do feoffment with livery of seisin—grantor and grantee go to the land and grantor give grantee a clod of ...
[DOC File]I
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Fee Simple Subject to Condition Subsequent. Future Interest in Grantor. Fee simple determinable. O to A so long as used for residential purposes. O has possibility of reverter ( future estate. Once A stops using the land for residential purposes, A’s estate automatically ends and O is left with a fee simple …
[DOC File]NATURE OF PROPERTY
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Words of Limitation: What (“and her heirs”) ( fee simple limitation. You do NOT have heirs until you die – heirs have no present interest. Life estate was the default rule ( to A in fee simple” conveys life estate. Modern unanimous rule ( grantor presumed to pass largest estate he could “to A” means fee simple, if O owned a fee simple
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