Final answer:
We matched fee simple absolute with complete, unrestricted ownership; life estate with ownership for the duration of a person's life; qualified fee with ownership subject to conditions; fee on condition with ownership that may revert upon violation of a condition; and fee simple with the most expansive interest in land.
Step-by-step explanation:
The student is asking to match real property interest terms with their correct definitions. Here are the matches:
- Fee simple absolute - This is the most complete ownership interest one can have in real property. The owner has unlimited rights to the property, and it can be transferred or inherited freely.
- Life estate - An interest in real property that lasts for the life of a specific individual. After that person's death, the property interest passes to another party as predefined by the original grant.
- Qualified fee - Also known as a fee simple defeasible, it is an estate that is subject to certain limitations or conditions set by the grantor. If the conditions are violated, the property may revert to the original grantor or a specified third party.
- Fee on condition - This is a type of qualified fee estate where the property will revert to the grantor if a specified condition occurs or is violated.
- Fee simple - Often used interchangeably with fee simple absolute, it is the most expansive interest in land that can be owned, typically implying that no restrictions or conditions are placed on the inheritance of the property.