A pair of remainders that have opposite conditions precedent.
future interests
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When a particular individual that holds a future interest is alive and may be identified. The heirs of a person who is still alive are unascertained.
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Fictional plot of land often used by legal scholars in discussions of real property law.
See Whiteacre (related).
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Relatives, such as uncles, aunts, siblings, or cousins, other than ancestors and issue.
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Generally, refers to the duty of a life tenant to maintain property in a reasonable state of repair. There is an exception for ordinary wear and tear. If the individual personally occupies the land, this duty is limited to the extent of the reasonable...
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Gives owner right or title to hold the property. Contrast with nonfreehold estate.
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Definition
In property law, a future interest is the right to possess property in the future.
OverviewA future interest is in direct contrast with a present right to property, also referred to as a possessory estate. A future interest may be...
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Merely gives possession to the property rather than right or title to hold the property. Contrast with freehold estate.
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A future interest that the grantor keeps. It follows an estate subject to a condition subsequent.
Example: From O to A, on the condition that A does not smoke. If A smokes, O has the right to come in and reclaim the land. Note that O must...
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A rule of law that may apply to certain future interests. Prohibited the conveyance of a future interest to the heirs of the grantee who received the possessory estate. If the grantor tried to convey a future interest to the heirs of the grantee, the...