4013LAW Lecture Notes - Lecture 6: Downton Abbey, Jane Austen, Fee Simple
24 Jul 2018
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Estate: a right, title, claim or demand, whether legal or equitable. Fee tail: life estate, limited to specific members of family (i. e. downton abbey, any. Jane austen text): passes on to the next heir prescribed in the tail at the death of the tenant in tail, can still be crated in south australia under the estates tail act 1881 (sa) and in tasmania. Fee tails created in other states will automatically become fee simple estates. Life estate: for life, not inheritability, pur sa vie. For the life of the grantee (purchaser). Reverts back to grantor (seller) on the grantee"s death: pur autre vie. For the life of someone other than the grantee. The grantee sells it to a, a"s interest in the property only exists until the grantee"s death. If a holds title in fee simple and grants b a life estate then a has a reversion interest, as the estate reverts back to them on b"s death.
