Property OwnershipEstates_in_landMEDIUM
A fee defeasible estate is one that _______ upon the occurrence or non-occurrence of a specified condition.
Correct Answer
B) Terminates and reverts to the grantor or a third party
A fee defeasible (also called fee simple defeasible) estate terminates automatically or may be terminated upon the occurrence or breach of a specified condition, with ownership reverting to the grantor or passing to a designated third party. It differs from a fee simple absolute, which has no such conditions attached.
Answer Options
A
Cannot be transferred by deedB
Terminates and reverts to the grantor or a third partyC
Lasts only for the lifetime of the granteeD
Passes automatically to heirs without a willWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Property Ownership Question
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Background Knowledge for Property Ownership
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Real World Application in Property Ownership
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Common Mistakes to Avoid on Property Ownership Questions
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Related Topics & Key Terms
Related Topics:
fee simple absolutelife estatepossibility of reverterright of re-entryconditions in deeds
Key Terms:
fee defeasibleconditionreversionfee simple determinablegrantor
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