Last minute Real Quick Property Question
Posted: Thu Jul 23, 2015 10:21 pm
A Life Tenant owes a duty to Future Interest holders to not commit Waste in the form of Permissive, Affirmative, and Ameliorative Waste.
However, does a Holder of a FS Subject to Executory Interest (A) owe nothing to the person with the Executory Interest (B), since it's not a sure thing whether that person will get anything or not? The answer choices seem to suggest that's the case, but I can imagine scenarios where A just decides to fuck the whole land over and leave it a barren nothingness. If the condition is that "To A... If A has no issue, then to B" and they find out there's oil on that land AND A just took a fertility test and he's shooting blanks and has no intent on adopting. Can't he just extract every last drop before he dies, and leave life an asshole bazillionaire and B's left with shit?
Seems to fly in the face of Grantor's intent though.
However, does a Holder of a FS Subject to Executory Interest (A) owe nothing to the person with the Executory Interest (B), since it's not a sure thing whether that person will get anything or not? The answer choices seem to suggest that's the case, but I can imagine scenarios where A just decides to fuck the whole land over and leave it a barren nothingness. If the condition is that "To A... If A has no issue, then to B" and they find out there's oil on that land AND A just took a fertility test and he's shooting blanks and has no intent on adopting. Can't he just extract every last drop before he dies, and leave life an asshole bazillionaire and B's left with shit?
Seems to fly in the face of Grantor's intent though.