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.