Fee Simple Absolute. “To A and his heirs.” “To A” = Words of Purchase [who takes] “and his heirs” = Words of Limitation [what is taken]

Slides:



Advertisements
Similar presentations
1. Parties have contractual capacity 2. Contract has legal purpose 3. Offer 4. Acceptance 5. Consideration 6. Statute of Frauds compliance.
Advertisements

 Grant of land that is, in some manner, conditional  Grantee could lose the “bundle of sticks”  Conditions may be added to:  Fee Simple  Life Estate.
© 2007 by West Legal Studies in Business / A Division of Thomson Learning CHAPTER 19 Land-Use Control and Real Property.
Legal Issues: Property Ownership. Property Ownership Two major or key points: 1. Degree of ownership interest. 2. Relationship between the co-owners if.
 In favor of a transferee (not the grantor), and  Does not qualify as a remainder.
Texas Real Estate Contracts 4 th Edition © 2015 OnCourse Learning.
1.  1. Future interest held by someone other than grantor ▪ Warning: Not all future interests held by a non- grantor qualify as remainders; they could.
TRANSFER OF PROPERTY IN GERMANY
Part 2 Security Interests in Land Section I Introduction to Mortgages.
Defeasible Estates. Grant of land that is, in some manner, conditional. Can be added to: Fee Simple Life Estate Term for Years.
©2011 Cengage Learning. California Real Estate Principles Chapter 2 Part II: Estates and Methods of Holding Title ©2011 Cengage Learning.
Deeds - PAR 131 Real Estate I Mike Brigner, J.D.
Copyright © 2004 by Prentice-Hall. All rights reserved. PowerPoint Slides to Accompany BUSINESS LAW E-Commerce and Digital Law International Law and Ethics.
 1. Duration  Forever  Life only  Fixed number of years  Only as long as a condition satisfied.
Property Law Estates and Future Interests Boston College Law School November 1, 2006.
Property Law Estates and Future Interests Boston College Law School October 29, 2004.
CHAPTER 17 Ownership and Leasing of Real Property
 Grant of land that is, in some manner, conditional [not “absolute”]  Grantee could lose the “bundle of sticks”  Conditions may be added to:  Fee.
© 2007 Prentice Hall, Business Law, sixth edition, Henry R. Cheeseman Chapter 48 Real Property Business Law Legal, E-Commerce, Ethical, and International.
© 2004 West Legal Studies in Business A Division of Thomson Learning 1 Chapter 48 Real Property Chapter 48 Real Property.
Estate Planning for Financial Planners
Essentials Of Business Law Chapter 21 Real And Personal Property McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 26 Estates, Leaseholds, and Regulation of Property.
Reverse Mortgage ROBERT HILTS. Standard Mortgage A debt instrument, secured by the collateral of specified real estate property, that the borrower is.
Click your mouse anywhere on the screen to advance the text in each slide. After the starburst appears, click a blue triangle to move to the next slide.
Law for Business and Personal Use © South-Western, a part of Cengage LearningSlide 1 Chapter 18 Ownership and Leasing of Real Property Chapter 18 Ownership.
44.1 b a c kn e x t h o m e Chapter 44 Objectives  Explain the nature and formation of the landlord/tenant relationship.  Name the various types of tenancies.
1 Israel Central Bureau of Statistics George Kun October 2013 INVESTMENTS OF FOREIGN RESIDENTS IN THE ISRAELI HOUSING MARKET A short descriptive analysis.
Property I Professor Donald J. Kochan Class
Chapter 50 Real Property Twomey, Business Law and the Regulatory Environment (14th Ed.)
Revised Chapter 12 Slide #1 Copyright – David A. McGowan All rights reserved Chapter 12 Transfer of Title (Page 225) Deed – an instrument that.
The Shadow of the Past MUSIC: CHANT The Benedictine Monks of Santo Domingo de Silos CHAPTER 7: The Shadow of the Past MUSIC: CHANT The Benedictine Monks.
41.1 Law for Business, 15e by Ashcroft Chapter 41: Nature of Real Property Law for Business, 15e, by Ashcroft, © 2005 West Legal Studies in Business, a.
BLW 273 Business Law I Real Property © 2009 Darren A. Prum, MBA, JD.
Chapter 4 Property Rights and Ownership Interests in RP Real property –land and things permanently attached to the land Personal property –moveable property.
Revised Schedule TUE 11/1 8:00-9:20 WED 11/2 8:00-10:00 THU 11/3 8:00-9:20 SAT 11/5 9:00-10:20 MON 11/7 8:00-10:00 (Review) TUE 11/8 8:00-9:10 (Exam)
“The Beginning”.  **SEMINAR GROUNDRULES  **SEMINAR BACK-UP// AAs VIA DROPBOX  **THE SYLLABUS  **DB RUBRIC  **WA RUBRICS - Units  **WRITING.
Slide Set Fifteen: Real Property – Estates in Land
 “To A and the heirs of his (her) body.”  “To A and her (his) issue.”  Words of purchase ▪ “To A”  Words of limitation ▪ “and the heirs of his (her)
1 Algebra 2: Section 7.2 Properties of Rational Exponents (Day 1)
What can a person who holds property in fee simple absolute do with the property? What can a person who holds property in fee simple absolute do with.
Applicable Documents and KRS Statutes  FHWA Utility Relocation and Accommodation Guidelines  KRS  23CFR  23CFR  23CFR
AAEC Property Appraisal AAEC 4303 PROPERTY APPRAISAL.
Sources and Types of Property Unit 2.  What is property which can be distributed in an estate?
ESTATES & FUTURE INTERESTS THE SHADOW OF THE PAST:
England and Wales Last wills Testator dies on after 1 January 1983 Monika Drela.
Future Interest Chart. Remainders Held by a third person (not the grantor) Created by the same instrument (deed or will) as the possessory interest Becomes.
Blackacre condo unit #13 Bettysue Pitts, JT Sheldon Grey, JT Stu Haswell “If I die before I wake, I devise my interest In Blackacre unit #13 to my friend,
Estates & Future Interests Problems. Problem 1 “To A.”
THE SHADOW OF THE PAST MUSIC: CHANT THE BENEDICTINE MONKS OF SANTO DOMINGO DE SILOS CHAPTER 6: THE SHADOW OF THE PAST MUSIC: CHANT THE BENEDICTINE MONKS.
Chapter 3 Ownership of Property. Definitions Real Property versus Personal Property Tangible Personal Property versus Intangible Personal Property Fee.
PROBLEMS A-D Featuring the Mangos: Hutzler;GottLiebowitz;JMason; Sarinsky.
Prentice Hall © PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 5E, by Henry R. Cheeseman Chapter 28 Real Property.
 What did you think of the Awards show? A. Did not watch and do not care. B. Great to see AC/DC perform Highway to Hell. C. Always fun to see Kim and.
41.1 b a c kn e x t h o m e Chapter 41 Objectives  Define real property and explain the rules about vegetation, running water, and fixtures.  Name the.
Class XI – Gifts (2) Prof. David Glazier Sep 28, 2006 PropertyProperty.
Bar Exam Boot Camp Session Two. Common Mistakes Answers that are too conclusory. Use the facts. Lack of clear rule statements Missing the life estate.
41.1 Law for Business, 17e, by Ashcroft and Ashcroft, © 2011 Cengage Learning Law for Business, 17e by Ashcroft and Ashcroft Chapter 41: Nature of Real.
SECTION 5-1 The Derivative of the Natural Logarithm.
Chapter 49 REAL PROPERTY. 2 Nature of Real Property Real property includes land, buildings and fixtures, and rights in others’ land. Real property includes.
Chapter Sections 1.1 – Study Skills for Success in Mathematics
LAW OF PROPERTY 1. Two Basic Categories (IP excepted)
Ownership Lesson Two.
February 12 – 19, 2018.
Property Law Estates and Future Interests Boston College Law School
Real Property: Estates in Land Interests in Land – Time and Possession
Easements The following pictures represent sections of a parcel of land your client would like to purchase. Assume that the entirety of the picture, unless.
Slide Set Sixteen: Real Property: Estates in Land
Real Property: Estates in Land Interests in Land – Future Interests
© 2015 Cengage Learning. All Rights Reserved.
Presentation transcript:

Fee Simple Absolute

“To A and his heirs.” “To A” = Words of Purchase [who takes] “and his heirs” = Words of Limitation [what is taken]

Texas Property Code § (a) An estate in land that is conveyed or devised is a fee simple unless the estate is limited by express words or unless a lesser estate is conveyed or devised by construction or operation of law. Words previously necessary at common law to transfer a fee simple estate are not necessary. (b) This section applies only to a conveyance occurring on or after February 5, 1840.

Cole v. Steinlauf “To A and assigns forever.” Does this create: fee simple absolute, or life estate?