Mnemonics

31 flashcardsby Sam
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1
The 3 types of fee simple estates are SAD:
S – Fee Simple SUBJECT to a Condition Subsequent or Precedent
A – Fee Simple ABSOLUTE
D – Fee Simple DETERMINABLE
2
Fee Simple DETERMINABLE
- These interests can be recognized by SUD language

o S – “SO long as” liquor is not sold on the land
o U – “UNTIL” the land is not used for religious purposes
o D – “DURING” this period, the land is used only for residential
Purposes
3
Fee Simple SUBJECT to a Condition Subsequent or Precedent
- You’ll recognize these interests when they BOP you on the head
o B – “BUT”, if liquor is ever sold on the land, then to G
o O – “ON condition that” the land is used only for residential purposes
o P – “PROVIDED” the land is not used for commercial purposes
4
Freehold estates are LEFTS
LE – Life Estates
FT – Fee Tails
S – Fee Simple (SAD)
5
Joint Tenancies are created in the PITT, and require unity of
P – Possession
I – Interest
T – Time
T – Title
6
4-D’s defeats a tenancy by the entirety
D – Death of one spouse automatically vests title in surviving spouse
D – If one spouse becomes a Debtor in bankruptcy, Fed law allows the trustee in
bankruptcy to sell TE & divide proceeds (½ to trustee in bankruptcy & other ½ to
non-bankrupt spouse).
D – Dual transfer of TE, in which both H & W take part
D – Divorce, annulment, or, in NY, a separation judgment
7
PIP may enforce an oral realty k
P – Buyer who has Paid the purchase price, in whole or in part
I – Buyer making valuable Improvements on realty
P – Buyer taking Possession
8
SEC FEW are in warranty deeds
S – Covenant of Seisin.
E – Covenant against Encumbrances
C – Covenant of the right to Convey
F – Covenant of Further Assurances
E – Covenant of Quiet Enjoyment
W – Covenant of Warranty
9
The CIA gives notice to a real prop buyer
C – Constructive Notice
I – Inquiry Notice
A – Actual Notice
10
PINTS for real covenants, but TINS for equitable servitudes
P – Privity of Estate
I – Intent by original contracting parties that covenant attach to land & run to future
assignees (Horizontal Privity)
N – CIA Notice of Restrictive Covenant
T – Must Touch & Concern the land
S – Must satisfy the SOF

'TINS' is PINTS withouth the element of privity of estate.
11
A COW partitions realty
C – Court Decree
O – Oral Agreement between all (100%) of the co-tenants provided they all (100%)
go into possession
W – Signed Writing voluntarily partitioning property by exchange of deeds signed by
all co-tenants
12
The hostility prong of AP is negated if, during 10 yr period, AP calls the owner OPA
O – Offers to buy land from true owner
P – Asks Permission of true owner to use land
A – Acknowledges title’s in owner
13
TIP a chattel, and it becomes a fixture
T – Type of chattel that generally becomes part of real estate
I – Intent of person installing chattel (whether it was intended to be permanently
installed, or the person intended to subsequently remove it).
P – The parties’ relationship
14
Even if a lease is silent on these topics, a
landlord HEARS these implied covenants
H – Habitability
E – Quiet Enjoyment
A – Assignability of the lease
R – Good Repair (this covenant is made by commercial landlords)
S – Minimal Security Precautions
15
A landlord out-of-possession is liable in tort to the POLICE for injuries
P – Where the property was leased for a Public Purpose, and LL failed to inspect and
repair dangerous conditions before turning over the land to tenant
O – Arising Outside the premises, proximately caused by a dangerous condition on
the premises, which LL should have known about when he turned over the land
L – Caused by Latent defects that LL should have known about, where tenant has
not had reasonable time to discover and repair that condition
I – Where tenant’s Intended use created an unreasonable risk of harm to others, and
LL was aware of this intended use
C – Where LL has multiple leases in the same building, and the injury occurred in a
Common passageway
E – Where LL Expressly covenants to make repairs, and fails to do so, causing injury
16
Rule Against Perpetuity - COPER
• Contingent remainders/class gifts
• Option to purchase connected with a fee
• Power of appointment
• Executory interests
• Right of first refusal
17
Constructive Eviction - SING
Substantial Interference
Notify
Goodbye
18
What types of eviction are there when a breach of quiet enjoyment occurs?

When you are evicted, PAC your things and go.
P - Partial Eviction
A - Actual Eviction
C - Constructive Eviction
19
When the Implied Warranty of Habitability is breached, what do you do?

RATS
R - Repair and offset
A - Abate the rent
T - Terminate the lease
S - Sue for damages
20
What makes a title unmarketable?

A property can be called "A FEE" and you have to pay "a fee" to check whether title is marketable
A FEE

A - Adverse possession
F - Future Interest holder unborn
E - Encumbrances exist
E - Existing violation of zoning ordinances
21
When is a seller liable for defective property and when is disclosure failure?

Think of angry (MAD) relatives/kin (KNS) who a seller sold a house with a defect to
M- Misrepresentation
A - Active Concealment
D - Disclosure failure

K - Knows or has reason to know of defect
N - Not apparent on ordinary inspection
S - Serious defect
22
Deeds - Void

NFF! The sound of void.
N - Not delivered
F - Forged
F - Fraud in factum
23
No landlord liabity to tenant for defects in the rental except for:

CLAPS
-common areas
-latent defets (at start of lease - warn)
-assumption of repairs (must complete)
-public use rule
-short term lease of furnished dwelling
24
Landlord-Tenant - Waste Types

PAV'ing your landlord's driveway is a waste.

P - Permissive waste
A - Ameliorative waste
V - Voluntary Waste
25
Landlord-Tenant - Covenant to Repair

Duty vs. No Duty
Duty = wear and tear unless expressly excluded, reconstruction
No Duty = fire and casualty damage unless expressly included
26
Easements - Termination of an Easement

CEES using the RAMP - terminate the easement
C - Condemnation and destruction
E - Estoppel
E - End of necessity
S - Stated condition

R - Release
A - Abandonment
M - Merger
P - Prescription
27
Deeds - Voidable
DUMB MF'er

D - Duress
U - Undue influence
M - Mistake
B - Breach of fiduciary duty

M - Minor/incapacitated
F - Fraud in inducement
28
Covenants in General Warranty Deeds

Quiet WARS

Fights involving covenants in general warranty deed are Quiet WARS involving mostly paper pushing.

Covenant of :

Q - Quiet enjoyment
W - Warranty
A - Against encumbrances
R - Right to convey
S - Seisin
29
Tenant's entitlement for breach of implied warranty of habitibility

MR3
Move out and terminate lease
repair and deduct
reduce rent (keep money in escrow)
Remain in possession and seek damages
30
Tenant breaches while out of possession

SIR
Surrender (words/action)
Ignore (hold responsible) or
relet (ry, find new T and mitigate then terminate lease)
31
Tenants duties to Landlord

WIP RR

Waste not
illegal purpose NO
pay rent
repair
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