Real estate law

Created by rugrisham 

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fee simple absolute

Maximum possible estate or right of ownership of real property, continuing forever

Easement

Rights granted to use, yet not own, a specifically delineated piece of real property.

Fee simple determinable

And estate continues until the occurrence of a specified event or circumstance. Upon its occurrence, the estate will cease and terminate automatically with ownership rights reverting to the original grantors.

Fee simple subject to condition subsequent

Is another freehold estate which lays out conditions that allow the possibility of a grantor reentry, it continues even after the occurrence of the event until the grantor acts or takes steps to reclaim the estate.

Freehold estate

Free for whatever life the interest owner has, or by some other measure of time or duration.

Less than freehold estate

An estate in land that has a predetermined time span; most commonly a leasehold.

Fixtures

A fixture is an object permanently attached to the land or realty.

Tenants in common

Is owned and possess in equal shares an undivided interest in the whole property, which is an interest in fee simple that passes to statutory heirs in the event of intestacy.

Tenants by the entireties

Husbands and wives who jointly own real estate that is the primary residence or domicile

Joint tenants

A means of concurrent ownership where the tenants possess four unities with all other tenants right of survivorship goes to the other owners

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