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What is the meaning of defeasible fee estate (or fee simple defeasible)?

User Sandoz
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Final answer:

A defeasible fee estate, or fee simple defeasible, is a type of property ownership that is subject to certain conditions and limitations. There are two types: fee simple determinable and fee simple subject to condition subsequent.

Step-by-step explanation:

A defeasible fee estate, also known as fee simple defeasible, is a type of property ownership that is subject to certain conditions and limitations. It is a form of ownership that can be terminated or modified if specific conditions are violated. There are two types of defeasible fee estates: fee simple determinable and fee simple subject to condition subsequent.

A fee simple determinable estate is granted for an indefinite period as long as a specific condition is met. If the condition is violated, the ownership automatically terminates and reverts back to the original grantor or their heirs.

A fee simple subject to condition subsequent estate is also subject to a condition, but the ownership does not automatically terminate if the condition is violated. Instead, the grantor or their heirs have the right to reclaim the property by taking legal action.

User Ben Gates
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