An alternative contingent remainder occurs when the same property is subject to two contingent remainders with opposite conditions precedent such that one of them will always take effect.
A contingent remainder is a type of...
future interests
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“Ascertained” means something is found out with certainty, it is used after the “ascertain” is finished. “Ascertain” means to make certain; to establish with certainty, by the finding and judgment or decree of the court.
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Blackacre refers to a fictional plot of land which is often used in examples when teaching or explaining property law concepts. In examples where more than one plot of land is necessary, Blackacre is often paired with fellow fictional plot of...
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Collaterals are relatives who descend from a common ancestor, other than direct ancestors and issue. Examples of one’s collaterals would be relatives such as uncles, aunts, or cousins. On the other hand, one’s ancestors are parents,...
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A duty to repair, generally, refers to the duty of a life tenant to maintain the property in a reasonable state of repair. There is an exception for ordinary wear and tear. If the individual personally occupies the land, this duty is limited...
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Estates with a freehold are those that last for eternity.
There are some freehold estate types where the estate lasts past the life of the owner and passes to their living heirs upon death in accordance with the terms of the...
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In property law, future interest is the right to possess property in the future.
A future interest is in direct contrast with a present right to property, also referred to as a possessory estate. A future interest may be...
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Merely gives possession to the property rather than right or title to hold the property. Contrast with freehold estate.
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A future interest that the grantor keeps. It follows an estate subject to a condition subsequent.
Example: From O to A, on the condition that A does not smoke. If A smokes, O has the right to come in and reclaim the land. Note that O must...
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A rule of law that may apply to certain future interests. Prohibited the conveyance of a future interest to the heirs of the grantee who received the possessory estate. If the grantor tried to convey a future interest to the heirs of the grantee, the...