Property OwnershipHARD
A farmer sold a portion of his farm to a railroad company with the condition “as long as it remains a rail line.” In the event of abandonment, the rail line property would revert back to the farmer or the farmer’s heirs. What type of estate is described in this scenario?
Correct Answer
B) Fee simple determinable
Fee simple determinable automatically terminates and reverts to the grantor when a specified condition occurs.
Answer Options
A
Life estateB
Fee simple determinableC
Tenancy at willD
Tenancy at sufferanceAudio Lesson3 min
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