Estates in Land Classification
Estates in land can be classified as (1) present interests or (2) future interests.
Present Interests
- Life Estate
- Fee Simple
- Fee Sample Determinable
- Fee Sample on Condition Subsequent
Future Interests
- Reversionary Interests (3 Types)
- Possibility of Reverter
- Right of Entry for Condition Broken
- Right of Entry Arising From Fee Simple on Condition Subsequent
- Vested or Contingent Remainders
- Vested Remainders
- Remainders Indefeasibly Vested (remainders absolutely vested)
- Remainders Vested Subject to Partial Divestment (“subject to open”)
- Remainders Vested Subject to Complete Divestment
- Contingent Remainders
- Vested Remainders
- Executory Interests (2 Types)
- Shifting Executory Interest
- Springing Executory Interest