Real Prop
Terms
undefined, object
copy deck
- *Negative Easement LASS
- Light Air Sunlight Stream water
- * Joint tenancy right of survivorship severance SPAM
- Sale Partition And Mortgage
- *T's option on Constructive Eviction by LL SING
- SING Substantial Interference Notice Goodbye
- * Fee simple determinable FSDPOR Frank Sinatra didn't prefer Oliver Redenbacher
- Fee simple determinable possibility of reverter
- * Voluntary or affirmative waste - exceptions- PURGE
- Prior Use Reasonable repairs Grant Exploitation- Land is only suitable for exploitation
- *Implied Warranty of Habitability MR3
- Move out Repair and deduct Reduce Rent until court determines Remain in possession, pay rent & seek $
- *Easement creation PRING
- Prescription Reservation Implication Necessity Grant
- *Easement termination END CRAMP
- Estoppel Necessity Destruction Condemnation Release Abondonment Merger Prescription
- * Covenant (Burden) WITHN
- Writing, must be in Intent, of burdern to run with the land Touch and Concern Horizontal & Vertical privity Notice
- * Covenant (Benefit) WIT V
- Writing Intent Touch & Concer Vertical privity
- * Equitable Servitude WITNes
- Writing Intent Touch and Concern Notice (equitable servitude)
- * Adverse Possession HELUVA
- Hostile Excluding Lasting (20 yrs) Use (ordinary) Visible Actual
- *Covenants of Titles SEC WAQ
- Sesin Encumbrance Convey, right to Warranty Assurances, further Quite enjoyment
- * Holder in Due Course is subject to real defenses for a foreclosure action MAD FIFI4
- Material Alteration Duress Fraud In Factum Incapacity Illegality Infancy Insolvency
- *Kinds of Waste VAP
- â—‹ Voluntary (Actual Overt Conduct) â—‹ Ameliorative (Enhance Value) â—‹ Permissive (Protect/Preserve)
- Creation of Joint Tenancy TTIP
- TTIP Title Time (same time) Interest (Equal - good one for MBEs- Not JT with survirorship if no equal interest) Possession
- *Fixture I DAMN
- objective Intent to permanently improve Damage if removed Adoption to use of realty Manner attached Nature - trade/residential
- * Implication (elements) § PANI
- § PANI § Prior 2 division § Apparent and Continious Use § Reasonably necessary 4 enjoyment § Court determines that party Intended the use to survive after division
- Warranty Deeds: â—‹ Silly Rabbits Eat Quietly While F-ing
- â—‹ Seisin â—‹ Right to Convey â—‹ Encumbrances â—‹ Quiet Title â—‹ Warranty â—‹ Future Assurances
- Holder in Due Course: "Never Ends up Down Trodden"
- â—‹ N - Negotiable Note â—‹ E - Endorsed by named payee â—‹ D - delivered to transferee â—‹ T - transferee takes in good faith and pays â—‹ Directors Meetings "Can Please Quite Many Needs" â—‹ C - concurrence presumed in brd actx unless dissent/abstention noted â—‹ P - no proxy voting â—‹ Q - Quorum of majority of directors needed â—‹ M - majority vote of directors needed to pass a resolution â—‹ N - notice to be given as provided in bylaws. â—‹ Requirements for use of Deadly Force: "Free and Clear To kill" â—‹ F - not at Fault â—‹ C - confronted with unlawful force T - threatened with serious bodily injury or death.
- Gen. Warranty Deed - 6 Covenants ○ "I ’ll *present* you some Satisfying Real Estate, so in the *future*, you can Quit Whining, Fool."
- ○ PRESENT: Seisin, Right to convey, (no) Encumbrances ○ FUTURE: Quiet enjoyment, Warranty, Further assurances ○ Tenant ’s duties to LL: “Rager In Progress †○ R = Repair ○ I = (no) Illegal purpose ○ P = Pay rent
-   Privacy Statement Mnemonics § LL ’s duties to Tenant: “Pleasant, If Quiet. â€
- § P = Possession § I = Implied warranty of habitability (residential only) § Q = Quiet enjoyment