Present Future Estates Q and how it relates to RAP
Posted: Mon Apr 22, 2013 8:50 pm
So I'm studying property, and I feel pretty good about it. I'm using the Gilbert's supplement, which has been wonderful up until now.
So I understand present and future interests, and RAP, until this point. For RAP, it matters whether the executory interest is subject to a fee simple determinable or a fee simple subject to an executory limitation. That is all well and good, but I was under the impression that a fee simple determinable was a fee simple determinable because it would go back to the grantor, and not to a third party (which would make it a fee simple subject an executory limitation).
Basically, I thought the main difference between a fee simple determinable and a fee simple subject to an executory interest was the future interest associated with them. Is this the case?
I thought I understood it, but now I get to RAP and the supplement is making a distinction between exectuory interests that follow fee simple determinables (void EIs turn it into a fee simple determinable to the grantor) and fee simple subject to executory limitations (void EIs turn it into a fee simple absolute).
EDIT: If anyone reads this and gets confused, I am convinced the supplement is just worded confusingly. And it doesnt mean that an executory interest can follow a fee simple determinable.
So I understand present and future interests, and RAP, until this point. For RAP, it matters whether the executory interest is subject to a fee simple determinable or a fee simple subject to an executory limitation. That is all well and good, but I was under the impression that a fee simple determinable was a fee simple determinable because it would go back to the grantor, and not to a third party (which would make it a fee simple subject an executory limitation).
Basically, I thought the main difference between a fee simple determinable and a fee simple subject to an executory interest was the future interest associated with them. Is this the case?
I thought I understood it, but now I get to RAP and the supplement is making a distinction between exectuory interests that follow fee simple determinables (void EIs turn it into a fee simple determinable to the grantor) and fee simple subject to executory limitations (void EIs turn it into a fee simple absolute).
EDIT: If anyone reads this and gets confused, I am convinced the supplement is just worded confusingly. And it doesnt mean that an executory interest can follow a fee simple determinable.