This form is a Life Estate Deed where the Grantor is an individual and the Grantee is an Individual. Grantor conveys and warrants the described life estate to the Grantee. This deed complies with all state statutory laws.
Life Estate With Condition Subsequent
Category:
State:
Oregon
Control #:
OR-033-78
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
How to fill out Oregon Life Estate Deed From An Individual To An Individual.?
Legal papers managing might be frustrating, even for the most experienced specialists. When you are looking for a Life Estate With Condition Subsequent and do not have the time to devote looking for the right and up-to-date version, the operations can be demanding. A robust online form library could be a gamechanger for anybody who wants to manage these situations effectively. US Legal Forms is a market leader in web legal forms, with over 85,000 state-specific legal forms accessible to you at any time.
With US Legal Forms, you are able to:
- Access state- or county-specific legal and organization forms. US Legal Forms handles any requirements you might have, from individual to organization documents, in one spot.
- Use innovative resources to accomplish and control your Life Estate With Condition Subsequent
- Access a useful resource base of articles, instructions and handbooks and resources relevant to your situation and needs
Help save time and effort looking for the documents you need, and make use of US Legal Forms’ advanced search and Preview feature to get Life Estate With Condition Subsequent and get it. If you have a membership, log in for your US Legal Forms account, search for the form, and get it. Take a look at My Forms tab to find out the documents you previously saved as well as to control your folders as you see fit.
If it is your first time with US Legal Forms, create a free account and get unlimited use of all advantages of the library. Here are the steps to take after accessing the form you want:
- Validate it is the proper form by previewing it and looking at its information.
- Be sure that the sample is approved in your state or county.
- Choose Buy Now once you are all set.
- Select a monthly subscription plan.
- Find the format you want, and Download, complete, eSign, print out and deliver your papers.
Take advantage of the US Legal Forms online library, backed with 25 years of experience and reliability. Change your daily papers administration into a easy and user-friendly process right now.
Form popularity
FAQ
A fee simple determinable is a fee simple interest that automatically reverts back to the grantor if a certain condition is met. A fee simple subject to a condition subsequent is a fee simple interest that, if a certain condition is met, allows the grantor the right to repossess that fee simple.
Most often, as in the life estate discusses in the last example the ?measuring life? will be that of the recipient. However, this need not be the case. A life estate can be measured by any life in existence at the time that the interest is created.
The words "heirs of A" are words of limitation. Thus they describe a form of property. So A [named in the words of purchase] acquires a life estate. Because the words of limitation ?heirs of A? are words that describe an estate in fee simple, A also acquires an estate in remainder in fee simple.
The major difference is that while a fee simple determinable automatically ends if the grantee (the person who received the land) does not fulfill the condition, the grantee's interest in a fee simple subject to condition subsequent does not automatically end if the event or condition occurs.
For instance, the following creates a fee simple subject to a condition subsequent: ?to John and his heirs on the condition that no tobacco products are sold on the premises.? If tobacco products are ever sold on the premises, the grantor has the power of termination, also sometimes referred to as the ?right of entry.?