Chapter 15: Feudalism in Land Law

Grantee

________: The person who receives the transfer of an interest in property from someone else.

Estate

________: The "status "in the property.

Fee

________: The person who had a right to possess the land had a(n) ________.

Fee Simple

________: The most comprehensive estate the law allows.

Grantor

The person who holds an interest in property and then transfers it to someone else

Grantee

The person who receives the transfer of an interest in property from someone else

Estate

The "status" in the property

Fee

The person who had a right to possess the land had a fee

Future Interest

Estates that were not possessory were in the nature of future interests, which means that the person holding the estate acquires in the present the right to possess sometime in the future

Reversion

The most common form of future estate kept by the grantor, keeping some interest that limits the scope of the fee given to the grantee

Remainder

The remainder is like a reversion, except that it is given to a grantee, a third party who was not (or need not have been) the prior holder of the fee