Lives in being refers to individuals who are alive at the time that a piece of real property is conveyed. Under the common law rule against perpetuities, an interest created by the grant of an estate must vest no later than 21 years after the...
property
(LIIBULLETIN preview)
From March 2006 to April 2009, Fane Lozman docked his houseboat at the City of Riviera Beach (“the City”) Marina and used the houseboat as his primary residence. See The City of Riviera Beach v. That Certain Unnamed Gray, Two-Story Vessel Approximately...
(Wex page)
Merely gives possession to the property rather than right or title to hold the property. Contrast with freehold estate.
(Wex page)
A periodic tenancy is a tenancy that continues for successive periods until the tenant gives the landlord notification that he wants to end the tenancy. This tenancy can be created expressly, or by implication, such as when a lease does not mention the...
(Wex page)
Also known as a present possessory estate. The holder of this has the present or current right to possess the real property. This may be contrasted with a future interest which is a future right to possess. Present estates are divided into Non-...
(Wex page)
A future interest that the grantor keeps. See Possibility of a Reverter.
(LIIBULLETIN preview)
In 2003, parents of children attending school in Montana sued the hydroelectric energy company PPL Montana, LLC in the United States District Court of Montana. See PPL Montana, LLC v. State, 299 P.3d 421, 426 (2010). PPL Montana owns hydroelectric dams...
(Wex page)
In dealing with water rights, the prior appropriation doctrine states that water rights are determined by priority of beneficial use. This means that the first person to use water or divert water for a beneficial use or purpose can acquire individual...
(Wex page)
A right that may be granted to an individual to enter another's land and take some natural produce (ie. fish, timber, sand, or crops).
(Wex page)
Property is anything (items or attributes/tangible or intangible) that can be owned by a person or entity. Property is the most complete right to something; the owner can possess, use, transfer or dispose of it. According to California Civil...