Bikeflip wrote:Damn Bruins.
Also, I reallllly suck at the fee system. Flashcards and condensed outlines are not working. Anyone have any input? The first time I saw the fee system was 2 weeks ago. Landlord-tenant, adverse possession, easements, and mortgages I get.
Fee simplies, RAP, and the like confuse me.
Make a little cheat sheet with examples on it.
So Fee Simple:
O --> A
O --> A and his heirs
Fee Simple Determinable
O --> A until he goes away to college
A has FSD
O has a possibility of reverter (automatic)
Fee Simple Subject to Condition Subsequent
O --> A, provided that A graduates by 2015
A has FSSCS
O has right of reentry (O must take action to regain possession)
Fee Simple Subject to Executory Interest
O --> A, but if A doesn't graduate by 2015, to B
A has FSSEI
B has executory interest (which is subject to RAP, but passes)
And so on.
So just make a chart or a one-pager with these kinds of examples on it, like the ones Moby has in his worksheet, with notes about when the different future interest apply.... is that helpful?
RAP sucks. It's fucking stupid.
But figure out who the life in being is (there may be more than one), and if the interest subject to RAP will not vest within 21 years after that person dies, it fails RAP.
If there's more than one life in being, it just has to vest within 21 years after the death of one of them.
RAP only applies to certain interests, so figure out what all the interests are before worrying about RAP.
Ugh, property is gross.