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Real Property – Nutshell Examples - page 7 / 22

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Ex:Ann, (FS) conveys to Bob for life, then to Cathy for life, then to Don and the heirs of his body.  Ann has a reversion, because the 2 life estates and the fee tail do not add up to a FS.  (59)

Ex:Ann, holding a f/s, conveyed to Bob for life.  When Ann died, her will left all her real prop to Cathy.  While Bob is alive, Cathy’s future inters in the land is a reversion. (60)

Possibility of Reverter (AUTOMATIC)

Ex:Ann (FS) conveys to Bob and his heirs so long as the land is used as a farm.  Bob has a f/s determinable, and Ann has the POR.(61).

Ex:Ann (FS) conveys to Bob for life so long as the land is used as a farm.  Bob has a determinable life estate.  Ann has both a reversion because her FS is larger than Bob’s life estate and a POR because the land may revert to her before Bob dies. (61)  

Right of Reacquisition (OPTIONAL)

Ex:Ann (FS) conveys to Bob and his heirs, but if liquor is ever sold on the land, the grantor may re-enter and repossess.  Bob has a FS subject to condition subsequent and Ann has a ROR. (61)

Ex:Ann (FS) conveys to Bob for life, but if liquor is ever sold on the land, the grantor may re-enter.  Bob has a life estate subject to condition subsequent and Ann has both a reversion and a right of reacquisition.  

Remainder

Ex: A (FS) To bob and the heirs of his body and then to Cathy and her heirs. Bob has a FT.  Cathy has a remainder in FS. (63)

Ex:A (FS) To Bob for life, and then to Cathy and her heirs.  Bob has a LE and Cathy has a remainder in FS. (63)

Ex:A (FS) To Bob for life and then to Cathy and the heirs of her body, and then to Don and his heirs.  Bob has a LE, Cathy has a remainder in FT, and Don has a remainder in FS.  Ann has no reversion b/c there is nothing left, the entire FS has been given away. (63)

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