Permachart - Marketing Reference Guide: Defeasible Estate, Leasehold Estate, Future Interest

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4 Jun 2015
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L e a r n r e f e r e n c e r e v i e w. Non-freehold: all have ascertainable termination dates, include tenancy for a term, periodic tenancy, and tenancy at will, estates without additional provision for termination are absolute. Common law right of wife to life estate in one-third of all property of which her husband had been seised at some time during marriage and which was inheritable by her issue. At common law, upon marriage, a husband acquired legal life estate in all property of which his wife was seised. Prescriptive adverse use of someone else"s land continuous use: other prescription requirements. Servient use servient tenant may engage in any activities on land which do not unreasonably interfere with easement. Present covenant of seisin covenant of good right to convey: covenant against encumbrances. Future covenant of quiet enjoyment covenant of warranty: covenant of further assurances. Burden transferred with servient tenement if servient tenement.

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