Property OwnershipEstates In LandMEDIUM
A fee simple defeasible estate in West Virginia:
Correct Answer
B) May be terminated if a specified condition is violated
A fee simple defeasible is ownership subject to a condition. If the condition is violated, ownership may revert to the grantor or pass to a third party. For example, 'to X as long as the property is used as a park.'
Answer Options
A
Has no conditions and lasts foreverB
May be terminated if a specified condition is violatedC
Is the same as a life estateD
Only applies to commercial propertyWhy This Is the Correct Answer
Sign up free to unlock full analysis
Why the Other Options Are Wrong
Sign up free to unlock full analysis
Deep Analysis of This Property Ownership Question
Sign up free to unlock full analysis
Background Knowledge for Property Ownership
Sign up free to unlock full analysis
Sign up free to unlock full analysis
Real World Application in Property Ownership
Sign up free to unlock full analysis
Common Mistakes to Avoid on Property Ownership Questions
Sign up free to unlock full analysis
Related Topics & Key Terms
Related Topics:
determinablecondition-subsequentreverterre-entry
Key Terms:
defeasibleconditionalreversioncondition violationself-destruct
Was this explanation helpful?
More Property Ownership Questions
Idaho water rights:
Kansas follows which recording system?
Louisiana's homestead exemption protects:
An encroachment occurs when:
An easement appurtenant in Alabama:
- → An easement by necessity is typically created when a property is in which situation?
- → A Texas property owner grants an oil company the right to drill on their land. This is called:
- → Recording of deeds in Maine is done at the:
- → Alabama's lead-based paint disclosure applies to homes built before:
- → Under Idaho Code §55-1003, what is the current homestead exemption amount that protects a homeowner's primary residence from creditors?
- → Wisconsin is a:
- → In Illinois, which deed provides the greatest protection to the buyer?
- → What is the homestead exemption amount that Oregon law provides to protect a qualifying homeowner's equity from most unsecured creditors?
- → In Vermont, joint tenancy with right of survivorship requires:
- → Pennsylvania's adverse possession statute requires occupation for:
People Also Study
Buyer Representation Agreement
8% of exam
Land Use Controls and Regulations
8% of exam
Valuation and Market Analysis
10% of exam
Financing
12% of exam