Real Property: Future Interests

Future Interests Capable of Creation in the Grantor

• Possibility of Reverter :: Fee Simple Determinable (FSDPOR)

• Right of Entry (Power of Termination) :: Fee Simple Subject to Condition Subsequent

• Reversion :: arises in a grantor who transfers an estate of lesser quantum than she started with, other than a fee simple determinable, or a fee simple subject to condition subsequent.

Future Interests in Transferees:

If future interest is held by someone other than grantor, it must be:

• vested remainder

• indefeasibly vested remainder

• vested remainder subject to complete defeasance (vested remainder subject to total divestment)

• vested remainder subject to open

• contingent remainder

• executory interest

• shifting executory interest

• springing executory interest