Final answer:
A fee on condition is a type of ownership where a property is granted with certain conditions that must be met to continue ownership. If the conditions are not met, the previous owner may have the right to reclaim the property.
Step-by-step explanation:
A fee on condition, also known as fee simple subject to a condition subsequent, is a legal concept in property law. It refers to a type of ownership where a property is granted to someone, but with the condition that certain actions or events must occur in order for the ownership to continue. If the condition is not met, the previous owner may have the right to reclaim the property.
For example, let's say John sells his house to Jane on the condition that she keeps the yard well-maintained. If Jane fails to maintain the yard, John may have the right to take back ownership of the house.
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A fee on condition, also known as a fee simple subject to a condition subsequent, is a type of estate in property law where the ownership of property is subject to a condition. If the condition is violated, the grantor (or their successors) has the right to reclaim the property, known as the right of re-entry. However, the estate does not automatically revert to the grantor upon the breach of the condition; the right must be exercised through legal action.