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Property OwnershipEstates In LandMEDIUM

A fee defeasible estate is one that ______ upon the occurrence of a specified condition.

Correct Answer

B) Terminates or may be terminated upon a specified condition

A fee defeasible (also called fee simple defeasible) is an estate that automatically terminates or may be terminated if a specified condition is violated or occurs. In Montana, as in other states, this estate grants full ownership rights subject to a condition subsequent or determinable limitation — if the condition is breached, the grantor or their heirs may reclaim the property.

Answer Options
A
Has no conditions attached to ownership
B
Terminates or may be terminated upon a specified condition
C
Lasts only for the lifetime of the owner
D
Cannot be inherited by heirs

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Related Topics & Key Terms

Related Topics:

fee simple absolutelife estatefuture interestspossibility of reverterright of re-entry

Key Terms:

fee defeasiblecondition subsequentfee simple determinablefuture interestreverter
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