Subject to condition refers to limitations on a property, fee simple is the highest form of ownership, and a life estate is a limited ownership interest that lasts for the lifetime of a specified person.
This term refers to a limitation or condition placed on a property, usually specified in the deed. It means that the ownership of the property is subject to certain conditions or restrictions, which if violated, may result in the property being forfeited.
This term refers to the highest form of ownership interest in real property. It grants the owner absolute rights and control over the property, with no limitations or conditions attached.
This term refers to a limited ownership interest in a property that lasts for the lifetime of a specified person, known as the life tenant. The life tenant has the right to possess and use the property during their lifetime, but ownership reverts back to the original owner or passes to a remainderman after the life tenant's death.